ARTICLES LABELLED WITH TAG 108 Agency

News Czech real estate market to stabilize in H2 2023
12
Jan
2023

Czech real estate market to stabilize in H2 2023

by Property Forum
The real estate investment market is impacted by increased inflation expectations, higher interest rates and the inflated cost of financing, and it will continue into 2023. It inevitably leads to increasing yield expectations. In most European markets across various sectors, yields have increased this year. According to BNP Paribas Real Estate, some price corrections are expected in some markets and asset types in 2023. The market expects to stabilize in the second half of the year when investment activity could also see some revival, reported 108 real estate agency. 
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News Slovak industrial market slows down in Q3 2022
26
Nov
2022

Slovak industrial market slows down in Q3 2022

by Property Forum
The Slovak industrial market slowed down slightly due to still rising energy prices and other costs. Developers are more cautious with new constructions and so are foreign investors. This will give an opportunity to local developers and larger companies with a stable background. At the beginning of 2023, 108 Agency Slovakia expects a cooling down of the market.
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News Czech industrial market slows down in Q3 2022
21
Nov
2022

Czech industrial market slows down in Q3 2022

by Property Forum
In Q3 2022, the Czech industrial market slowed down in comparison to the previous record-breaking year and a half after tenant demand decreased. The stock of Class A industrial premises for lease reached 10,652,456 sqm and there is currently 1,152,780 sqm under construction. The vacancy rate stayed at a historical low of 1.03%, so there is only 109,699 sqm available on the market for immediate lease. Nevertheless, due to the political-economic situation with the energy crisis and the high inflation rate, companies are planning layoffs and developers are more cautious. It is possible to expect that the tough time for tenants as well as developers will continue until at least next March, says the newest industrial property market report by 108 Agency.
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News Czech real estate investment activity slows down in Q3 2022
20
Oct
2022

Czech real estate investment activity slows down in Q3 2022

by Property Forum
The volume of Czech real estate investment transactions in Q3 2022 reached €149 million, which represents a 61% drop in comparison with Q3 2021. Cumulatively the investment volume totalled €1.4 billion. If we added transfers of single assets and portfolios among related parties, the quarterly volume reached €390 million, almost the same as in the same period last year, says 108 Agency.
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News DOAS to build green logistic complex in Bratislava
27
Sep
2022

DOAS to build green logistic complex in Bratislava

by Property Forum
The green logistics complex VisionPark in Bratislava received the permit for construction at the end of August. The permit is for three halls with 16,000 sqm area. The developer of the new logistics park based on sustainable principles is DOAS and the leasing agent is 108 Agency Slovakia.
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News 108 Agency acquires Czech subsidiary of BNP Paribas Real Estate
16
Dec
2021

108 Agency acquires Czech subsidiary of BNP Paribas Real Estate

by Property Forum
108 Agency has purchased 100% of the shares of BNP Paribas Real Estate APM CR s.r.o., the Czech subsidiary of BNP Paribas Real Estate. 108 Agency was retained as preferred buyer after a competitive auction and immediately becomes the alliance partner of BNP Paribas Real Estate in the Czech Republic.
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News Czech industrial vacancy rate drops to 2.46%
15
Nov
2021

Czech industrial vacancy rate drops to 2.46%

by Property Forum
The rising prices of construction materials and energy, the increasing cost of land for new construction, a lack of crucial components to ensure continuous production and workforce shortages are all afflicting the industrial sector in the Czech Republic. One solution in regard to the availability of industrial real estate would seem to be the optimising of operations and more frequent investment by many companies into the automation of routine activities.
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News Paris-based MNK Partners buys university building in Budapest
08
Sep
2021

Paris-based MNK Partners buys university building in Budapest

by Property Forum
MNK Partners has acquired the Kodolányi János University building on Frangepán Street in Budapest on behalf of its MNK One Fund.
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News Prague industrial rents rise by more than €1 per sqm
06
Aug
2021

Prague industrial rents rise by more than €1 per sqm

by Property Forum
A lack of materials and an increase in the price of construction work is troubling the industrial real estate market in the Czech Republic. Industrial space in desirable locations is in short supply. Occupancy rates in Prague and the close surroundings are rising and vacancy rates have almost reached zero. Tenants are well aware of the situation and it has become more common for them to extend their lease contracts for longer periods, according to 108 Agency’s market summary.
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News GRL takes 11,680 sqm at Prologis Park Poznań
02
Aug
2021

GRL takes 11,680 sqm at Prologis Park Poznań

by Property Forum
Global Reach Logistics (GRL), a third-party logistics (3PL) provider, has leased an 11,680 sqm warehouse space in the distribution centre Prologis Park Poznań. The business venture is a transaction in cooperation with AXI IMMO and the Czech consulting company 108 AGENCY, which run joint projects within IRELS, an organisation of international specialists in the logistics real estate sector.
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Latest news


New leases

  • Modesta Real Estate has found a new office location for one of the leading suppliers of LPG in Slovakia. FLAGA, part of UGI International, will move into about 300 sqm in the Westend Business Zone close to the city centre of Bratislava in May 2023.
  • Szerémi Office Building in Budapest welcomed an unnamed new tenant which has signed a long-term lease agreement for 1252 sqm of space in the property. The complex of three interconnected buildings provides a total floor space of nearly 10,500 sqm.
  • Kucera Logistics Group Sp. z o.o Sp. K. has decided to open a new distribution centre at Panattoni Park Pruszków V. The tenant will occupy nearly 3,300 sqm of warehouse and office space in the new location. AXI IMMO represented Kucera Logistics Group in the transaction.

New appointments

  • CPI Property Group has appointed Karol Klin as Head of Office Leasing in Warsaw from the 1st of February. He is a recognised specialist in the commercial real estate sector. He gained more than 20 years of experience in such companies as Cornerstone, Globalworth, Echo Investment, Skanska and GTC.
  • Daniel Cateliu has been appointed as Director in the Industrial & Logistics department of real estate consultancy CBRE Romania. He is currently pursuing an EMBA at the University of Sheffield in the UK. Cateliu is a graduate of the Faculty of Political Sciences within the SNSPA, subsequently following a master's program and earning an Erasmus scholarship at the University of Trieste in Italy.
  • Oscar Kazanelson - the current Chairman of the Supervisory Board of ROBYG - has been appointed Chairman of the Supervisory Board of Vantage Development. This is related to the decision to build synergies within the TAG Immobilien Group.


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