The group have confirmed the first half results reported on 12 August 2015 which demonstrated a 200% rise in net operating income to €11.8m and +12.3% appreciation in NAV/s to €9.09 over six months. The group has acquired three more substantial Grade A offices in Bucharest over the period which will add to net operating income in the second half, for the benefit of cash flow. Our revenue forecast looks achievable. We retain our BUY recommendation, noting that the group has continued
