The company has built and fully let three buildings within the project named AFI Park, the last building being now in the process of being delivered to the tenants. The last two buildings are in construction, being scheduled for completion in the end of next year.
The market value of the first three building could be estimated to EUR 80-855 million, taking into consideration latest evaluations of AFI.
„We think about selling the offices in AFI Park project, but the transaction market is not normal yet, like in Western Europe. If you look at the ongoing transactions, you see most of them are being done by opportunistic investors. The pension funds which are very active in Poland are actually absent here“, has declared for ZF David Hay, CEO AFI Europe Romania.
However he is hoping that the institutional investors will make next year one or two important transactions on the local real estate market. (Source: zf.ro)
