From Bloomberg:

British companies that rent out space to store your old exercise bikes and rusty golf clubs may offer the best earnings growth among European property stocks as they cut vacancies that mounted in the housing slump.

A pickup in storage occupancy and rental rates in recent months suggests that Safestore Holdings Plc, Big Yellow Group Plc and Lok’nStore Group Plc may be past the worst following an ill-timed expansion push, according to Paul Pulze, an analyst at Evolution Securities in London.

“If the economy starts to improve and the companies can drive demand for the product, there’s significant upside relative to other real estate,” said Pulze, who has a “buy” recommendation on Safestore and a “neutral” for Big Yellow.

See the full story at: http://www.bloomberg.com/news/2010-09-29/u-k-self-storage-may-offer-european-real-estate-s-best-earnings-growth.html