Big Yellow Group Plc (LON:BYG) announced that it has secured a resolution (subject to execution of a section 106 agreement) to grant planning consent on its Lombard Road, Battersea, London site on which it currently operates a 34,000 sq ft store.
The scheme will provide a new 72,000 sq ft net Big Yellow store, 168 flats and 18,500 sq ft of offices, retail and artists’ studios.
The process of relocating customers from the existing store to nearby Big Yellow stores will commence in the New Year, following which the existing store will be demolished. We are aiming to commence construction next summer, with a view to re-opening the larger store in summer 2020.
We will consider our options on the remainder of the site, which may include disposal, with the benefit of the planning consent for the residential, offices and shops.
James Gibson, CEO comments: “This was a large and complex proposal in planning terms and success gives us considerable confidence in tackling other projects closer to the centre of London as and when opportunities arise.”
