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AFI started the construction of buildings 4 and 5 within AFI Park office project, EUR 50 million investment

Real estate developer AFI Europe, controlled by the Israeli billionaire Lev Leviev, started few weeks ago the works at the buildings four and five of the office project AFI Park, built in the vicinity of the commercial centre AFI Palace Cotroceni in Bucharest, buildings involving an investment f approx. EUR 50 million, according to ZF estimations.

AFI Palace Cotroceni gets EUR 220 mln refinancing

Deutsche Pfandriefbank, Raiffeisen Bank International, Raiffeisen Bank Romania and Erste Group Bank AG will lend EUR220 million to help refinance debt obligations of AFI Europe’s shopping mall AFI Palace Cotroceni in Bucharest valued at about EUR 375 million, according to zf.ro.

AFI starts the construction of the last two office buildings near Cotroceni mall

AFI Europe Romania starts the construction of the last office towers in the close vicinity the mall AFI Palace Cotroceni.

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.
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