Toby Courtauld
CEO & Director

Good morning, everybody, and welcome to our results presentation. There are a few seats scattered around if you don't want to stand at the back there are 4 in the front over here, if you wanted. Thank you, everybody, for coming. Great to see so many of you, and we've got a lot to get through, so I'll crack straight on. But I first of all, want to welcome Jayne. Many of you will have met Jayne. Jayne took over as CFO about 5 weeks ago. She's had a cracking start, but these are her first results, so go easy on her. Okay. And what I'm going to do, first of all, is start by summarizing the key messages we'll be giving you over the next 30 or so minutes. And this year has been all about us executing on our growth strategy. We'll tell you about our excellent operational performance, delivering record leasing well ahead of target with acquisitions made at discounts and sales at premier and creating more prime spaces into a Central London market starved of such quality.

And as we think about the next few years, we'll explain how we have both strategic and financial flexibility should we see a macro-driven downturn. But absent