2017 started out with a number of announcements, such as our exit from Turkey, the strategy update and our share buy-back programme. We also concluded 27 leases for over € 2 million in total in the first quarter. In spite of the still challenging and polarising retail market in the Netherlands, we succeeded in concluding lease agreemements for eleven Dutch mixed retail locations, including retail units in Leeuwarden and Spijkenisse. We also attracted new tenants, among whom cosmetics brand Clarins, which will open its first French retailconcept store outside Paris in one of our core city assets in Bordeaux.

Next to the divestment of the Turkish portfolio, we made steps to further enhance the quality of the portfolio by selling two mixed retail locations in Hengelo and Enschede. In the second quarter we expanded our cluster in Le Marais in Paris with two acquisitions for € 19.8 million in total, enlarging the Le Marais cluster to six core city assets with a total value of over € 57 million. For the remainder of this year will continue to pursue our strategy step-by-step and pragmatically, and we confirm our guidance of a direct result in 2017 of between €2.10 and €2.20 per share.