Mr. Brendan McDonagh:

Yes. One must understand that as part of the troika programme, we had to pay off €7.5 billion of our senior debts. Accordingly, we had to generate that cash. The board took a deliberate strategy at the start that as 45% of our assets were overseas, we would concentrate on selling those first. Liquidity and the best prices were overseas, particularly in London, and we did well in those transactions. We decided to hold back on floating in the Irish market. We let the debtors manage the assets to maximise rentals. As the market is recovering and there is much interest in buying Irish assets, we have increased the flow of supply of stock to the market.