Ann: HY21 Results presentation, page-10

I get where you're coming from but one of the reasons I invest in property companies like Dexus is that a majority of their tenants are reputable businesses that are capable of paying rent.

Doing a decent job 12 months working from home is one thing but it comes to a point where people will seek to change jobs, new starters in the business, lack of social activities and colleague socialisation, which will ultimately lead to a sedated company culture. I think having working from home routines will continue to be popular but the office space will still be there. Even if a company decides it only wants to lease to accommodate for 75% of their staff, social distancing and the current culture would require more space per employee and hence a larger area for these business to lease.

I can see the SP going further down in the coming year due to the current climate but ultimately see A-grade/premium assets in the city performing well