Big Yellow profit buoyed by higher self-storage space demand

May 20 (Reuters) - Big Yellow Group Plc, a provider of self-storage space, posted a 15 percent rise in full-year profit as more people rented its space at higher prices.

The London-based real estate investment trust (REIT), which provides people and businesses with space to store goods, equipment and furniture while moving homes and offices, said a scarcity of non-residential land in London and South East (HKSE: 0726.HK - news) would limit the opening of new self storage facilities, boosting its prospects for the full year.

Adjusted pretax profit rose to 29.2 million pounds ($49.1 million) in the year ended March 31 from 25.5 million pounds a year earlier.

Revenue grew by 4 percent to 72.2 million pounds. ($1 = 0.5943 British Pounds) (Reporting By Esha Vaish in Bangalore; Editing by Gopakumar Warrier)