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Related news

Bucharest’s AFI Palace Cotroceni increases income by 6.5 pct in 2013

The AFI Palace Cotroceni shopping mall in Bucharest increased its net operating income by 6.5 percent in 2013, above the initial target, to a total of EUR 28.7 million, announced today representatives of AFI Europe Romania, the project’s developer and property manager.

AFI Cotroceni sales exceeded EUR 200 million in 2013

Official numbers show 5-6% growth f the retail market last year and the results are also present in Afi’s case. The results of the mall will reflect the situation in the retail market, said Israel Vizel, manager mall division AFI Europe.

New Hub for IT Multinational Companies in Romania

Transactions involving office spaces in Romania’s capital city Bucharest exceeded 300,000 square meters in 2013, the highest volume reported in the last six years, with one third of the transactions closed by IT&C companies.

Hay, AFI Europe: Financing stays difficult even for good projects

Financing stays difficult even for good projects and experienced developers, said David Hay, the head of AFI Europe Romania, which hopes though to get financing for the office buildings AFI Park 2 and 3 and refinance the loan for AFI Cotroceni by its due date, May 25th.

Endava pre-leased 40% of the third office building in AFI Park

AFI Europe Romania signed the first lease in the third building in the office project AFI Park. The IT company Endava rented 40% of the rentable area in the office building AFI Park 3.

AFI Europe’s Retail Assets Market Value in Romania

The two malls in Romania of the Israeli developer AFI Europe, situated in Bucharest and Ploiesti reached a total market value of EUR 433 million.

AFI Europe Romania signs with Electronic Arts for the entire office building of AFI Park 2

AFI Europe has signed the largest and most significant lease contract of this year in Romania. The entire AFI Park 2 office building, which is currently under construction, was leased to the leading IT company Electronic Arts. AFI Park 2, with built up area of 20,000 sqm and a gross leasable area of 12,200 sqm, is the second out of 5 office buildings of the AFI Park office development situated next to the prestigious AFI Palace Cotroceni shopping mall.

AFI Europe Romania opens EUR 50 million mall in Ploiesti

The second mall to be delivered this year in Romania, AFI Palace Ploiesti, was opened today, following an investment of over EUR 50 million, announced the developer, AFI Europe.

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