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Big Yellow Acquires Slice of Segro Bracknell Park for UK Self-Storage Development

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U.K. self-storage operator Big Yellow Group PLC has acquired a 2-acre parcel within the 13-acre Segro Park Bracknell development in Bracknell, England. The land was purchased from real estate investment trust Segro PLC, which is developing a 90,000-square-foot warehouse inside the park, according to a press release. Big Yellow intends to build a self-storage facility on the property, though no details were provided.

The business park is on Ellesfield Avenue, less than a mile from the A329 highway that connects the M3 and M4 freeways. The location is “ideal for distribution companies and those who need to be close to their customers,” Segro officials said in the release.

“Segro Park Bracknell is a high profile, strategically located development opportunity for Big Yellow Self Storage. Bracknell fits very well within our existing network of trading stores and benefits from a fast-growing population and an excellent range of large-scale employers,” said Dave Potter, head of acquisitions for Big Yellow. “Once built and trading, this facility will help us continue with our rapid expansion throughout the major towns and cities in the U.K. We look forward to securing planning consent during the coming year and working alongside Segro in this highly desirable location.”

Segro’s warehouse project is expected to be complete this month. The remaining sites in the business park offer up to 185,000 square feet of industrial space, “with detailed planning granted for two units of 60,000 square feet and 31,000 square feet,” according to the release.

“We are pleased to welcome Big Yellow Self Storage to Segro Park Bracknell, as it is an excellent location and well -positioned to service the growing needs of their business,” said Paul Lewis, regional director for the Thames Valley and data centers for Segro.

Segro specializes in light-industrial and warehouse development. It owns or manages 69 million square feet of space valued at £8 billion, the release stated. Its properties are in or near major cities and key transportation hubs in the United Kingdom and nine other European countries.

Big Yellow Group operates 92 self-storage locations in the U.K. under the Big Yellow Self Storage and Armadillo Self Storage brand names, with most concentrated in Greater London. Its total portfolio comprises 5.4 million square feet.

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