-Take-up in the ten core markets increased 1% YoY in 2Q 2020, boosted by the strength of the UK (+64%) and Polish (+52%) markets.

-The fall of 6% in 1H 2020 take-up was entirely due to a weaker 1Q, with the 2Q showing an impressive 23% quarterly increase.

-At the same time, completions decreased 16% YoY in the quarter and 18% in the 1H 2020, with falls of 81% in the UK and 32% in Germany.

-As a result average vacancy remained close to historic lows at 4.4%, with rates as low as 2% in Germany and Italy and just 1% in Belgium.

-The consequence was prime rents continued to show a 2% annual rise, although few markets saw increases during the quarter.