Big Yellow Group: Buying London Self-Storage At A 40% Discount To NAV

The Big Yellow Group has announced the acquisition of a London self-storage facility at a 40% discount to its net asset value (NAV).

The deal is expected to generate a net initial yield of 6.5% and will be funded through a combination of debt and equity.

The company believes this acquisition aligns with its strategy to grow its UK self-storage portfolio.