40% reduction for AFI Park tenants’ Energy and Water Consumption

Bucharest, 04.08.2015:

AFI Park 3 received the LEED Gold certification under the LEED for Core & Shell Rating System for Green Buildings, becoming the third office building in AFI Park to obtain such high qualification. Due to AFI Europe’s green design strategy based on which the buildings were developed, the tenants in AFI Park benefit of an estimated 40% reduction of energy consumption and water use compared to a regular office building. Colliers International advised all three office buildings in AFI Park in the certification process.

“Green is the new standard in developing any office project and is an integral part in all AFI Europe developments. We are committed in offering projects built at high standards and energy efficient, assisting our tenants to benefit of reduced utilities costs. The LEED Gold certification obtained for our first three buildings in AFI Park is a remarkable achievement, part of our long term target to obtain LEED gold certifications to all our existing and new projects, including the shopping malls”, said David Hay, CEO AFI Europe Romania. “In addition to developing our buildings at the highest standards, our strategy is also to encourage our tenants to be part of the green initiatives such as using public transportation or bicycles, installing LED lights, installing sensors to shut off un-needed usage of electricity and HVAC etc. We want to set a positive example in the most growing segment of the real estate market and to create a sustainable environment for our tenants and for the community”, added David Hay.

“Certification for LEED Gold of the building where Endava offices are located is one of the pro-active things AFI succeeds to accomplish for the benefit of the tenants. The result is lower impact on the environment which our company and the entire IT&C community are keen to respect. Additionally we get the benefit of reduced running costs for our operation in Bucharest. It’s a win-win situation”, commented Radu Grosu, GM Endava Bucharest.

AFI Park 1 was the first building in Romania to achieve the LEED Gold certification under the LEED for Core & Shell Rating System for Green Buildings, followed by AFI Park 2 and now AFI Park 3. The office buildings in AFI Park include a series of technologies designed to make them green, such as LED lighting, advanced chillers and boilers that reduce energy costs, usage of rain water to water the green areas and availability to daylights through the incorporation of vision glazing. This generates on average almost 40% lower operating consumption for tenants in relation with the electricity and water consumptions.

AFI Park is easily accessible by public transportation, with a nearby subway station Politehnica, only 200 meters from the project, in addition to 12 different bus and tram lines that are serving the business park. A new Metro line is currently under construction (Drumul Taberei – Piata Universitatii – Pantelimon) that will offer even better access to AFI Park area. This enables the employees which work in the office buildings to use public transportation which is a significant component for a Green Building.

AFI Park consists of 5 Class A office buildings, with a total gross leasable area of over 70,000 sqm. All three office buildings of AFI Park which were delivered are fully leased. AFI Park 1 has its spaces occupied by companies such as Microchip, Cameron and Sparkware Technologies, while AFI Park 2 is fully leased to Electronic Arts. AFI Park 3, which was finalized at the end 2014, is entirely occupied by TELUS and Endava. AFI Park 4&5 are currently under construction and will be delivered at the beginning of 2016.

About AFI Europe Romania:

AFI Europe operates in Romania since 2005. The company has developed and is managing “AFI Cotroceni”, the biggest and most dominant shopping mall in Romania and among the biggest shopping malls in the CEE region. The project spreads over a leasable area of more than 81,000 sqm and offers to its visitors a large entertainment area with multiple leisure options and a variety of over 300 shops of local and international brands, visited by 52,000 customers per day.

In October 2013, AFI Europe inaugurated AFI Ploiesti, the first and only modern shopping mall developed in the city centre of Ploiesti, following an investment of over EUR 50 million. The shopping mall offers a total gross leasable area (GLA) of 33,000 square meters spreading over two retail floors occupied by 100 national and international brands, including more than 7,000 sqm of entertainment.

Adjacent but fully integrated into AFI Cotroceni shopping mall, AFI Europe Romania is currently developing AFI Park, Bucharest’s newest and most advanced Class A business Park, which has achieved 100% occupancy rate of its office spaces. AFI Park offers more than 70,000 of office leasable area, currently targeted by multinational IT&C corporations. The first office building “AFI Park 1“, with 12,250 sqm of leasable area, is 100% leased. In April 2014 AFI Europe inaugurated “AFI Park 2” with 12,200 sqm of GLA and is 100% leased, while “AFI Park 3“, delivered  in December 2014, is leased to Endava Romania and TELUS International Europe. In April 2014 AFI Europe Romania has also commenced construction of AFI Park 4&5 office building that will offer additional 32,000 sqm of gross leasable area to the project and is planned to be delivered in January 2016.

In July 2015 AFI Europe has signed an agreement to purchase a 40,000sqm plot in the City Centre of Brasov for the development of a 45,000 GLA shopping mall and 11,000 GLA office project.

In addition, AFI Europe Romania has two mix use projects to be developed in the near future on the company’s 80,000 sqm land plot in Arad and 148,000 sqm land plot in Bucurestii Noi district 1 of Bucharest.

In the office segment, AFI will develop AFI Business Park Bucharest, a 50,000 sqm of GLA class A business park to be located in close proximity to the J.W. Marriott hotel and the Romanian Parliament in Bucharest’s district 5. The business park will comprise of 2 low rise office buildings and one office tower, with ample green areas, a high tech/campus style environment in an urban complex with a central plaza & gardens.

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