Mariana Cruz's questions to IRSA INVESTMENTS & REPRESENTATIONS (IRS) leadership • Q3 2022
Question
Mariana Cruz of BTG Pactual inquired about the expected recovery drivers and timeline for occupancy rates within IRSA's Class B office portfolio.
Answer
Chief Investment Officer Jorge Cruces explained that the recovery for Class B offices is mixed. He noted that buildings located in or near residential neighborhoods are performing quite well, in some cases better than pre-pandemic levels. However, Class B properties in Downtown Buenos Aires are not performing as well, and their future recovery remains uncertain.