Since announcing our Restructuration Plan in September 2008, we have more than delivered on our objectives of de-leveraging the company in response to the seismic shifts in global capital markets and economies. The company and its future are on much firmer footing, with a stronger balance sheet. While we expect the industrial market to continue to be challenging, we are starting to see signs of stabilization. With our improved financial condition, we believe we're positioned to navigate through those challenges.
Our key priority for navigating through this environment was to reduce debt. With a substantial de-leveraging progress under our belts, we are now focused on staggering our debt maturities over a longer timeframe.
The industrial real estate sector is built on stable global demand drivers and can respond to market conditions surprisingly quickly. It is straightforward, comprehensible and relatively predictable. For those who trust in companies like Coperfil Group, the rewards will be there in the long term.
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