On 10 January 2016 Big Yellow Group PLC (BYG) issued a trading update for the quarter ended 31 December 2016.  Trading highlights for this seasonally quieter period include: BYG like-for-like site portfolio revenue up by 5% compared to the prior corresponding period (pcp); and Armadillo like-for-like site portfolio revenue up by 4% on the pcp.

USS Prime Storage Fund has successfully raised $4m from existing investors to take up additional equity in the Australia Prime Storage Fund (APSF). APSF is raising capital to complete the acquisition of a prime self storage development site in the eastern suburbs of Melbourne.

On 22 November 2016 Big Yellow Group PLC (BYG) announced its FY17 interim results. Highlights include: Like-for-Like Occupancy was up 3% for the 6 months for the BYG portfolio; a 12% increase in BYG Earnings Per Share and dividends over prior corresponding period (pcp), driven by occupancy and rental growth; the Armadillo portfolio Operating Profit up 15% on pcp, driven by acquisitions; the Armadillo portfolio valued at GBP65.5 million, on BYG directors valuation, up 14% since 31 March 2016, due to acquisitions and valuation movements. BYG continues to look for acquisition opportunities for the Armadillo platform.