Trade counters & self storage
Luxembourg-based self-storage group Shurgard is set for a €2bn-plus (£1.8bn-plus) listing on Euronext Brussels via a €575m share placement.
Avignon Capital and Riverside Capital have sold a portfolio of Travis Perkins outlets to Cordatus Property Trust for £45.4m, reflecting a net initial yield of 5.4%.
Big Yellow Group has comfortably seen off a shareholder rebellion over the self-storage giant’s executive pay.
Big Yellow Group has reported a 7.6% increase in like-for-like revenue in a trading update for the first quarter.
Leading Big Yellow Group shareholder Royal London Asset Management has said it will vote against the self-storage operator’s proposed remuneration policy at its annual general meeting on Thursday.