Highlights 2015 Average monthly rent €856 €13 2011-2015 Interest expenses €38 mln €15 mln 2011-2015 Loss of rent €8 mln €3 mln 2011-2015 Total return 12.9 % 6.9% 2011-2015 Management expenses €16 mln €5 mln 2011-2015 Investment pipeline €1,296 units 550 units 2011-2015