Mr. Barry Lynch:

As to the buy and renew scheme, many of the units were obtained by agreement rather than by CPO. We tend to use CPOs as a last resort, because the outcome can be uncertain. If there are issues, such as with a site where the title is dubious, a CPO can certainly be used in such cases and it cleans up the case. In the vast majority of cases, we have entered into negotiations with the property owners once identified. They have been more interested in the sale option rather than leasing their property to us. We have pursued those and they are included in our build numbers because significant reconstruction and refurbishment are involved in them. They are effectively a new build by the time we are finished with them.