AFI Europe is part of AFI Properties, one of the leading real estate development, management and investment companies, operating in Central and Eastern Europe since 1997.
AFI Europe’s diversified portfolio consists of shopping centers, business parks and large-scale residential and mixed-use developments. The group operates in Romania, Czech Republic, Poland, Germany, Bulgaria, Serbia, Hungary and Latvia.
In 2020 AFI EUROPE finalized the acquisition transaction of NEPI’s Rockcastle office portfolio in Romania with a total GLA of 118,500 sqm and worth EURO 290 Million.
This acquisition is fully in line with AFI Europe’s strategy of expanding the operations in Romania with focus on yielding properties.
The acquired portfolio consists of 4 Class A office projects totalizing 8 office buildings situated in Bucharest and Timisoara:
AFI Park Floreasca, located at 169 Calea Floreasca, Bucharest, with 36,470 square meters GLA;
AFI Lakeview, located at 301-311 Barbu Vacarescu St, with 25,907 square meters GLA;
AFI Victoriei Plaza (ex-known as Aviatorialor 8), located at 8A Aviatorilor Blvd., Bucharest, with 8,203 square meters GLA;
AFI Park Timisoara (ex-known as Timisoara City Business Center), located at 10 Coriolan Brediceanu St, Timisoara, with 47,936 square meters GLA.
After this transaction and the completion of ongoing office developments (AFI Tech Park 2-3), AFI Europe Romania will have under management close to 300,000 sqm GLA office spaces, becoming one of the top 3 largest office owners in Romania.
