As the real estate and capital markets continue to strengthen, CTP is focusing on the completion of its strategy. We have worked hard to secure financing with no bulled obligations for the next 5 years and have leveraged the low interest environment particularly through interest hedging. As of the end of Q2, this strategy showed continued signs of success and was completed. We are in good shape for the future.
CTP has finalised its annual report in line with projections and this confirms the legitimacy of our approach. We finalised repayments of all corporate facilities and land bank facilities, strengthening our cashflow and we are in the process of completing several acquisitions in Czech Republic and neighbouring countries like Slovakia, Romania and Poland. Partners and vendors appreciate the transactional security and straightforward approach of doing business with us. With a healthy pipeline of 250,000 m2 for the remainder of 2015, CTP is heading towards its target of 3 million m2 total lettable area by the end of 2015, a full 2 years ahead of our original business plan.