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Funds management operating profit was AUD16.4 million which represented 21% of total operating profit, and total assets under management as at 31 December 2016, stood at AUD9.8 billion. The wholesale funds management business continues to be active, trading EUR3 billion of European property assets, with EUR1.7 billion of assets being sold and EUR1.3 billion of assets being acquired on behalf of private equity investors during the calendar year. Operating profit from the wholesale funds management business was AUD9.8 million. We'll continue to focus on broadening the private equity and limited partner investment base in the European business and on leveraging those relationships across the wider business. Retail funds management operating profit of AUD6 million included performance fees from the renewal of the Cromwell Riverpark Trust. The Trust returned 14.9% per annum to investors from inception to June 30, 2016. This was a great result for investors and unitholders voted overwhelmingly to extend the Trust for a further five years in July 2016. In New Zealand, the Oyster Group assets under management at December 31 stood at NZD977 million which represented a 30% growth doctor home loans Oak Laurel 0430129662 in the 2016 calendar year. The team at Oyster have had another strong year. They reopened the Oyster Direct Property Fund which provides investors with exposure to over NZD240 million of commercial property assets, and are also currently managing the acquisition and syndication of the NZD210 million 43,500 square meter Millennium Centre. Distributions of AUD5.9 million were received from the Group's 9.83% stake in Investa Office Funds.