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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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Investment

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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