Self-storage unit acquires new £20m site in North West London
A self-storage site has acquired a new 6.4 acre site in Harrow for £20m.
Big Yellow, advised by the Industrial and Logistics team at global real estate advisor Colliers International, will develop a new self-storage and business centre together with a multi-unit industrial estate of approximately 112,000 sq ft at the site.
Ross Ray, acquisition surveyor at Big Yellow Group PLC, said: “This is an exciting time for Big Yellow acquiring a significant development site within a rapidly growing London borough.
“London has experienced significant change within the last 10 years with industrial land diminishing at an alarming rate. Big Yellow stores have increasingly become a solution for the business needs of both start-ups and SMEs.
“We look forward to working with Barratt in developing both the Big Yellow, and industrial scheme, in this urban location.”
Akhtar Alibhai, director of Industrial and Logistics at Colliers International, added: “The urban logistics market is currently going through an interesting time – there is a growing imbalance between supply and demand in the sector, while the ecommerce market continues to grow.
“This new site in Harrow also shows Big Yellow’s continued commitment to expanding their portfolio within London.”
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