In February 2016 Arcona Capital completed the acquisition of a portfolio of eight Albert-anchored hypermarket centres and four associated retail parks in the Czech Republic for Lighthouse, one of our seven managed investment entities. The vendor was Atrium European Real Estate and the purchase price was in the region of € 100m to show an 8.2% initial yield. The properties are in Prague and seven other Czech cities. Albert generates 82% of the annual rent on Ahold corporate backed leases with a 9.5-year weighted average lease term. Other tenants include Sportissimo, KIK, dm drogerie, Takko and Deichmann. These acquisitions add substantially to the Lighthouse portfolio, which also includes the B&O production facility south of Ostrava, CZ, acquired through a sale and leaseback in 2014.