International Activities We maintain a strategic and disciplined approach to the markets in which we operate and the product types we deliver. Outside of the United States, we are pursuing impactful ground-up development opportunities in London and the Middle East. To capitalize on these rapidly growing markets, we are leveraging our real estate development expertise, deep experience in placemaking and our relationships with some of the most active and coveted hotel, retail and restaurant brands. In London, we have formed Related Argent, partnering with Argent, the respected developer with a track record in creating exemplar new pieces of UK cities including King’s Cross. Related Argent is currently working in a joint venture with Barnet Council on London’s 180-acre Brent Cross South site, with the London Borough of Haringey around Tottenham Hale and is progressing other opportunities in London. In the Middle East region, Gulf Related is focused on retail, residential and high-end mixed-use real estate developments. Gulf Related is a joint-venture with Gulf Capital, one of the Middle East's leading alternative asset management firms. In Abu Dhabi, Gulf Related developed and opened to wide acclaim The Galleria on Al Maryah Island and is currently developing the Al Maryah Central, a large scale mixed-use development with shopping, dining, entertainment and residential experiences.