Asset DisposalsThe company disposed of €210m of assets above book value in Q1, with more in the pipeline, showing progress in de-leveraging.
Asset ValuationsThere are signs that asset valuations could be near the bottom, with an expected decline of only 1%-3% in the first half.
Market ConditionsThe underlying demand/supply dynamic is favorable, driven by a record downturn in new developments and record high population numbers, leading to low vacancy rates.