Big Yellow acquires a development site in London, Wapping for £18.6m

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The self-storage giant Big Yellow Group has acquired a development site in London for £18.6m.

The site is adjacent to an existing Big Yellow store on The Highway in Wapping.

The company will be seeking planning permission for a mixed-used scheme across both sites, comprising 125,000 sq ft of self-storage and ancillary space, as well as about 150 residential units.

James Gibson, Big Yellow chief executive, said:

"This is a strategically located site on the fringes of Central London and continues our strategy of building large, high quality stores as close to London's city centre as possible."