Merry Christmas and Happy New Year from all of us at 108
At 108, we’ve mastered The Art of Transformation – with a mix of creativity, courage, and the readiness to tackle whatever comes our way (and we never forget to add a dash of humor, too.)
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108 REAL ESTATE Expands Further into the Balkans with a New Office Covering Croatia, Slovenia and Serbia, and Croatia
Following recent office openings in India and Romania, Czech real estate consulting firm 108 REAL ESTATE is expanding into Southeast Europe – the Adriatic region. As of September, the company’s new office in Zagreb is operational, serving the property markets of Croatia, Serbia, and Slovenia. Despite territorial differences, the entire region shares a growing interest from both developers and tenants, particularly in the industrial real estate sector. For instance, Serbia, a promising market, currently offers only 1.3 million square meters of modern warehouse and manufacturing space – even less than newly developed office spaces.
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Demand for commercial real estate in the Czech Republic is growing - capital comes mainly from domestic investors
Owners of several large shopping centres in the Czech Republic are looking for new owners or investors. Yet, surprisingly, it is residential real estate that has the domestic commercial real estate investment market on track to surpass the EUR 2 billion mark this year. Moreover, both the second quarter and the two summer months have shown continued activity by domestic funds and real estate investors. Czech capital accounted for more than 90% of all transactions in the past quarter. The total balance of over EUR 500 million was affected by the sale of the former Komerční banka headquarters on Wenceslas Square, which was acquired by the City of Prague for EUR 140 million as its future headquarters.
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June Step Challenge 108: Every Step for a Good Cause
In June you could see us on the move more than usual because every step we took was a step for a good cause. For the fourth time, we held our June Step Challenge, where each of us had a goal of walking 10,800 steps a day. Over the past month, you could see us doing so:
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The industrial space market has been helped by several large investments, a recovery in the automotive sector and rising manufacturing
The real estate consultancy company 108 REAL ESTATE registers an increase in interest in leasing industrial space in the Czech Republic in the second quarter of this year. However, the revival, expressed in roughly 357,000 sqm of leased warehouses and production space, was visible only in selected regions. It was mostly related to manufacturing companies or companies linked to the automotive sector. After a prolonged period of uncertainty, the latter recovered to a high level of performance. Already in the first half of 2024, automotive companies in the Czech Republic produced 774,310 vehicles, the highest in modern history. The boom is also synergistic in the related sectors - manufacturing and shipping.
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108 REAL ESTATE expands further into Central and Eastern Europe, offering advisory services to developers and investors in Romania
108 REAL ESTATE, a real estate consultancy celebrating its 15th anniversary of successful operations on the market, is marking another milestone with its expansion into Romania. Following its presence in Slovakia, Hungary, and India, 108 REAL ESTATE's expansion into Romania is a strategic move driven by the company's focus on the movement of developers, investors, and tenants in the industrial real estate sector, encompassing both manufacturing and logistics.
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