Mr. John Coleman:

We have done this in two phases. The first phase was pursuant to expressions of interest whereby we put out an open call to the market to propose transactions to us. We underwrote them on the basis of various criteria, including location, track record of the particular counterparty involved and value for money. That was for the first 2,800. The 2,000 that we are currently underwriting have been obtained through a public procurement process. We formed a panel of 15 house builders through an open and transparent process. The mechanism by which we formed the panel was by means of each house builder proposing a particular transaction that we would forward fund. This means that we purchase the site from them upfront, enter a development agreement with them to develop it and issue staged payments along the way while holding a security package to ensure that any cost overruns fall to the developer.