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We expect to see stronger tenant demand and net effective rental growth in New South Wales and Victoria in the near future. With limited opportunities to acquire assets in a highly competitive market, we're focused on creating value in our existing portfolio and managing the AUD300 million investments we're making into Northpoint Tower in North Sydney and the new Department of Social Services national headquarters at Tuggeranong Office Park in Canberra. Both projects remain on track and will contribute earnings growth and valuation uplifts to the Group in the near future. Funds management operating profit was AUD16.4 million which represented 21% of total operating profit, and total assets under management as at 31 December 2016, stood at AUD9.8 billion. The wholesale funds management business continues to be active, trading EUR3 billion of European property assets, with EUR1.7 billion of assets being sold and EUR1.3 billion of assets being acquired on behalf of private equity investors during the calendar year. Operating profit from the wholesale funds management business was AUD9.8 million. We'll continue to focus on broadening the private equity and limited partner investment base in the European business and on leveraging those relationships across the wider business. Retail funds management operating profit of AUD6 million included performance fees from the renewal of the Cromwell Riverpark Trust. The Trust returned 14.9% per annum to investors from inception to June 30, 2016. This was a great result for investors and unitholders voted overwhelmingly to extend the Trust for a further five years in July 2016. In New Zealand, the Oyster Group assets under management at December 31 stood at NZD977 million which represented a 30% growth in the 2016 calendar year.