NRI stands at €781bn, gaining 7.7% yoy and 2.5% on an lfl basis, o/w 3.8% on shopping centres, which stands 350bp above indexation. The group’s GAV gained 3.5% lfl to €39.3bn, and the development pipeline is maintained stable at 20% of the group’s GAV, now at €7.9bn. EPRA NAV gained 5.7% yoy to €189.00, standing at a 17% discount to our old 18-months forward NAV. The financial position remains strong with cost of debt decreasing to a low 1.7% from 2.2%, the bes
