After the virus, the hunger for opportunities

Rafał Ostrowski, ‘Eurobuild CEE’: Invesco as an international investment management company transacts around EUR 4 bln per year. In 2020, what portion of these deals will be frozen due to Covid-19? Tomáš Picha, senior director of Central & Eastern Europe transactions, Invesco: Pretty much 90 pct of all deals have been frozen now and the reason why they have been frozen is that everyone kind of expects that the new tomorrow will be different from what we used to know. I, however, really expect that a vast majority of those deals will really transact. I don’t think that deals will stop going through, especially in the core segment. How much value will real estate lose due to Covid-19? I don’t expect a lot of repricing – especially in the core segment. I can’t imagine a situation where sellers will be ok to drop their prices by more than 20–30 pct. If they are asked to do that, the transactions will not proceed. It has to