Our strategy execution is on track and we continue to look at new opportunities to diversify and improve our tenant mix with more non-fashion and digital brands, add more mixed-use by adding apartments and small offices and increase our cost control. New retail tenants like My Cosmetik in Bordeaux, Bolia in Lille and Samsung in Breda are great additions. In September we moved to our new offices in Hoofddorp as planned.

We feel encouraged by the improved operational performance Vastned delivered during the quarter, with leasing activity, occupancy and collection rates improving further across our portfolio and countries. Now COVID-19 lockdowns have been lifted everywhere in Europe, most of our retail tenants have experienced a strong recovery in high street footfalls and retail spending, which eventually is expected to positively impact future discussions on rents and other conditions. We also see increased demand for inner-city residential units, particular in larger cities and with demand from expats returning on top of the housing shortage in many European cities. These developments give confidence to tighten our forecasted range to 1.85-1.90 of direct result per share for the full year.