CEE transaction volumes were very healthy in Q1 at ca. €3.9 billion, although were supported by a few extraordinary deals, with Poland and the Czech Republic accounting for ca. 86% of the total volume. Office and Logistics recorded similar shares of activity with 27% and 26% respectively. We do expect a slowdown in overall activity from Q2 onwards as many investors are holding off on decisions for a number of weeks initially until the situation becomes clearer, particularly in regard to financing, pricing and the ability to physically view opportunities.