IKEA has expanded its presence in North India with the launch of its first fully outsourced Central Distribution Centre (CDC) in Gurugram, Delhi-NCR. The 180,000 sq ft facility, located in Farrukh Nagar, has been developed in collaboration with global logistics provider Rhenus, the company announced on February 24.
The industrial and warehousing sector in India achieved unprecedented growth in 2024, with total absorption surging by 30% year-on-year (YoY) to a historic high of 64.5 million sq. ft. Fresh supply also saw a notable 15.8% YoY increase, reaching 71.8 million sq. ft.
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.)
After recently opening offices in India and Romania, the Czech real estate consultancy 108 REAL ESTATE is expanding into the south-eastern part of Europe - the Adriatic. Since September, a new office has been operating in Zagreb, covering the real estate markets of Croatia, Serbia and Slovenia. Despite the territorial differences, the entire region is united by the growing interest of developers and tenants - especially in the field of industrial real estate. For example, 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.
Fueled by demand from European and American developers and investors, real estate consultancy 108 REAL ESTATE has expanded into India. A new office in Delhi, the bustling Indian metropolis, will provide comprehensive professional services to companies tempted by the opportunities in the Indian real estate market. This expansion goes beyond the CEE region - the company's decision to enter Asia was driven by strong interest from clients in the US, UK, and Western Europe, leveraging their existing alliance with BNP Paribas Real Estate.
