Fire Safety and Cladding

At the meeting with customers last weekend, they made two really interesting points. One was that Shurgard in other European countries has to have sprinklers, because in other European countries there are regulations requiring a building of a certain size to have sprinklers, so the same company would have sprinklers in another country but not here. They also made the point—I do not 100% know whether this is accurate—that, looking at storage in general, about 40% of Europe’s storage is in this country. There is something about the nature of the cost of housing and the fact that people have to put so much stuff into storage, perhaps because of the value of land, that means our country has a particular problem in this area and needs to look at the regulations for the storage sector in particular.