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Q1 2019 Covivio SA Corporate Sales Call Transcript
Good day, and welcome to the Covivio Activity Q1 2019 Conference Call. Today's conference is being recorded.
At this time, I would like to turn the conference over to Mr. Tugdual Millet, CFO. Please go ahead, sir.
Thank you, and good evening, everyone. Thank you for attending this first quarter results call. I will go through the main outcome of this fourth quarter -- first quarter in terms of rental activity and also investment and asset rotation activity. And then I will let you ask all the questions that you have on this press release that has been just issued.
So a few comments on what we've done during these first 3 months, starting with a bit of context in terms of market environment. As we largely shared during our annual results, market is very supportive, I would say, both on the rental side. For instance, on the Paris region, vacancy rate continued to decrease and then supporting the evolution of market rents. And on the other side of the halves, in Milan, we have seen during this first quarter a
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