Aggregate - comment

Aggregate have signed City Leisure Group (CLG) as anchor tenant for their Fürst project in Berlin. CLG are the organisers of “This is Holland”, a flight simulator taking visitors on a trip around the Netherlands. Like Amsterdam, Berlin is a tourist magnet and the concept - post pandemic - is expected to attract 0.5 million visitors p.a. As always, that sounds like a very high number, but the Dutch concept is apparently successful and we see no reason it wouldn’t be in Germany. We have not seen CLG's balance sheet, but we take the signing as a signal that the Fürst project is moving forward.