This will be a very quick update on IREIT Global. When I blogged about IREIT Global in February, I said I wasn't doing a Chicken Little because the vacant asset in Darmstadt would be progressively filled. I also said that rental escalation was likely to continue as inflation remained elevated in Europe which would lead to higher asking rents as rents were linked to CPI. The latest news from the management of IREIT Global is that 25% of Darmstadt Campus has been leased to a German federal government body. The lease has rent secured at the prevailing market rate and it starts on the 1st of June and will last for 15 years. Yes, 15 years. This development is encouraging. I believe that IREIT Global's management is competent and that the REIT owns quality assets which are very desirable. Regular long time readers might remember that I also like the fact that IREIT Global's sponsors own...