Czech property consultancy 108 Real Estate has announced the opening of a new office in Zagreb covering Slovenia, Serbia and Croatia as part of its expansion in the Balkans.
The new office will be led by Dario Tomljenović, who has previously worked for IWG, tasked with developing the network in the Balkans.
The region is united by the growing interest of developers and tenants, especially in the field of industrial real estate.
For instance, the supply of modern warehouses and production space in prospective Serbia amounts to just 1.3 million sqm, which is less than new office space. The market is even shallower in Croatia and also in Slovenia, but both countries can became a gateway to Europe for many importers and exporters.
"In recent years, the Balkan market has increasingly attracted the attention of Czech and Slovak development groups such as Accolade, Atrios, Logexpert, Sympatia, Besico, BHM and RC Europe, as well as international companies based in the Czech Republic such as VGP and CTP. These players have a significant impact on the development of the region. In all three new destinations, we want to offer them the same quality services they are used to from us in the Czech Republic and in other countries where we are already present," says Jakub Holec, Director of 108 Real Estate.
The most important industries in Croatia are food, beverages and tobacco, followed by chemicals and oil. In Slovenia, the automotive, consumer electronics and pharmaceutical industries are the main drivers of its economy.
"In all three countries, however, the supply of modern industrial space does not match the potential. We expect a major upturn in the whole sector," concluded Holec.
