Big Yellow Group up as it locks in planning permission

The price of shares in FTSE 250 self storage specialist Big Yellow Group (LON:BYG) has risen by 4.47% to 1,122p (as of 14:30 BST) after the company announced that it had received planning permission for a new store in Hove. The facility will provide 55,000 square feet of net lettable area.

Management said that the site is currently occupied until summer next year and believe that construction will start the following autumn with a view to opening in Summer 2022.