I think it would be a mistake to analyze this as a short-term investment. Our view is very long term.

As a rule, we do not confirm or deny our participation in any bidding process.

We hope they'll cease from the work until then. It doesn't sound like there's any room to negotiate.

The market determines rents, not us. We intend to renew existing tenants and attract new ones by operating the highest quality buildings in the market.

Something has got to be done to improve the return on our investment.

While this investment is substantial, it represents an important step toward ensuring our long-term competitiveness.