Build-to-sell

	Total
Total sqm	c. 996,000
Total investment costs/sqm* in EUR	c. 1,800
Average sales price per sqm* in EUR	c. 2,500
Average apartment size	c. 50 sqm
Units under construction**	6,412
Landbank (possible units)	12,614
Estimated EBITDA margin on sales	>20%