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Big Yellow Sells Four Self-Storage Properties to Partnership

Publically traded self-storage company Big Yellow is selling four of its sites in South England to a partnership of Big Yellow and Pramerica Real Estate Investors.

June 25, 2008

1 Min Read
Big Yellow Sells Four Self-Storage Properties to Partnership

Big Yellow Self Storage Co. is selling four of its development sites in South England for £14.9 million. The sites in Camberley, High Wycombe, Poole and Reading are being sold to Big Yellow Limited Partnership, a joint venture between the company and Pramerica Real Estate Investors in which it has a 33 percent stake. The properties total 235,000 square feet, and planning consent is being negotiated.  The partnership also entered a contract with a third party to buy a 60,000-square-foot facility in Stockport, Greater Manchester. These transactions increase the number of sites in the partnership to 12. For more information, visit www.bigyellow.co.uk.

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