Large movement in the office market drove take-up to new records, though the EU was responsible for a significant percentage of this. Otherwise, Q2 letting and sales activity was moderate. Vacancy increased but remains a very low 3.7%. Prime rents are also stable for the quarter. Development was limited to just one 10,000 m2 building this quarter, but a
further 108,000 m2 is expected to come online this year from small- to medium-sized buildings. Q2 investment was modest at €423 million to bring the mid-year total to €651.6 million. Transactions will pick up later in the year.