Aroundtown - comment

Still going through the numbers, with the quick takeaways that AroundTown have disposed of c. €175m more assets in the quarter, and boosted liquidity to c. €2.8bn by signing additional c.€200m in bank debt.  LTV has risen marginally to 41% and this is likely to rise further as properties are only revalued at June and December.  Operationally, like-for-like rental growth is up 3.5%, in line with the 3.4% at H1 results.  Guidance remains unchanged for FY23, as operational stats continue to improve.