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AFI Europe

Category: Office Developer of the Year, CEE

Award:	Office Developer of the Year, CEE
Name of company:	AFI Europe
Name of President or Managing Director for the region:	: David Hay – CEO of AFI Europe Romania, Hungary and Latvia
Countries in which company operates:	AFI Europe is a real estate development investment and management company operating in the CEE and SEE and focusing on the development of large-scale commercial and residential projects. AFI Europe’s diversified portfolio consists of: shopping malls and retail properties, business parks and office complexes, large-scale residential and mixed-use projects, land-bank designated for future projects. The projects and properties are located in Bulgaria, Czech Republic, Germany, Hungary, Latvia, Poland, Romania and Serbia. The company employs 160 professionals based in the countries of operation. Total value of AFI Europe’s assets is AFI Europe is part of the AFI Group – an international holdings and investments conglomerate with subsidiaries that engage in real estate, construction, infrastructure, industry and hotels (www.afigroup-global.com).
Portfolio:	AFI EUROPE portfolio includes: AFI Palace Cotroceni, AFI Palace Ploiesti, AFI Palace Pardobice, AFI Park 1-5, Classic 7, Airport City Belgrade, Business park Varna. AFI’s investment strategy is to develop its commercial land bank.
Value of the projects (in EUR):	€1.179 Billion as of 30 September 2013
Size of the projects (GLA):	Income-generating portfolio with GLA of 367,000 m2 (according to holding percentage of the company)
Projects completed in 2014:	AFI Park 2 and AFI Park 3, the 2nd and 3rd phases of the award winning office project, AFI Park in Bucharest Romania.
Value of th projects completed in 2014:	~ 50 mil Euro
Size of the projects completed in 2014 (GLA):	~25,000 sq m GLA, ~40,000 sq m Gross Area
Projects in progress:	AFI Park 4 & 5 – the 4th phase of AFI Park
Value of the projects in progress:	~50 mil Euro
Size of the projects in progress (GLA):	~32,000 sq m GLA, ~46,000 sq m Gross Area
Short description of the company and team:	AFI Europe is a most appreciated developer, standing for Accountability, Honesty, Transparency and Reliability all considered by each and every tenant signing in one of the commercial projects.
Why company should be considered for the award:	AFI Europe has shown full commitment during the crisis of 2008 where it continued to develop and opened AFI Palace Cotroceni and AFI Park in Bucharest, continued and developed Classic 7 in Prague and Airport City in Belgrade during 2011-2014, constructing a new shopping mall in 2013 - AFI Palace Ploiesti and have shown commitment to the CEE Market as a leading developer in the future to come. AFI Europe developed awards winning projects: AFI Park 1 won the 2012 CIJ award for “Best Office Development” in Romania, 2012 EuropaProperty awards: “Best Office Development” and “Best Project in 2012”, AFI Park 2 won the 2013 CIJ award for “Office lease of the year”.
Company website:	www.afi-europe.eu
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