AFI Europe appoints Doron Klein as the CEO of its operations in Romania

Doron Klein, AFI Europe Czech Republic CEO, takes leadership of AFI Europe Romania

 Bucharest, June 13th, 2018: AFI Europe Romania, a leading real estate development and investment company, present on the local market since 2005, is pleased to announce that Doron Klein will take over the leadership of the company, starting with July. Currently, he leads the operations of AFI Europe Czech Republic. Doron Klein will be replacing David Hay, who spent the past 7 years as CEO of AFI Europe Romania.

Originally from Israel, Doron Klein has more than 15 years’ experience operating in Central and Eastern European real estate markets, having been based in the Czech Republic for most of that time. He joined AFI Europe in 2008, and since 2011 he has served and will continue to serve, as CEO of AFI Europe’s operations in the Czech Republic. Doron Klein has an MBA degree from the University of New York in Prague, Czech Republic, and is fluent in Hebrew, English, and Czech.

David Hay, who held the position for the past 7 years, has been part of AFI Europe since 2006. In addition to being CEO of AFI Europe Romania, David served in the past as CEO in the CEE region, managing the company’s operations in the Czech Republic, Poland, Germany, Hungary, and Latvia.

In Romania, Doron Klein will take over the leadership of a team of more than 130 people and will lead the operations of the company that is present in various cities across the country. The operations of AFI Europe in Romania are the largest and most performing among all countries where AFI Europe operates, with properties and projects which include shopping centers, office buildings, residential and mixed-use developments, representing a significant part of AFI Europe’s assets portfolio.

“I would like to take this opportunity to thank David for all his work during the time he leads the team in Romania with great responsibility, for his accomplishments and I wish him success in his future projects.

I am happy that Doron Klein, who achieved great results as CEO AFI Czech Republic will take over the role as CEO AFI Europe Romania. I wish him good luck and I am confident that Romanian operations will continue the successful path”, said Avi Barzilay, CEO AFI Europe.

“It is extremely honoring and a great responsibility, at the same time, to be appointed CEO of AFI Europe Romania, one of the most reputable real estate developers on the local market. The Romanian market is dynamic, and we are focusing on delivering the right solutions for the communities we are present in.

I look forward to starting contributing to the development of AFI Europe Romania, and I know that we have a strong team, really passionate about their work”, stated Doron Klein, the new CEO of AFI Europe Romania.

About AFI Europe:

AFI Europe, a subsidiary of AFI Properties, is one of the leading real estate development, management and investment companies, which is operating in Central and Eastern Europe since 1997.

AFI Europe’s diversified portfolio consists of shopping malls and retail properties, business parks and large-scale residential and mixed-use developments. AFI Europe operates in Romania, Czech Republic, Poland, Germany, Bulgaria, Serbia, Hungary, and Latvia.

About AFI Europe Romania:

AFI Europe operates in Romania since 2005. The company has developed and is managing AFI Cotroceni, the largest and most dominant shopping mall in Romania and among the leading shopping malls in the CEE region. The mall spreads over a leasable area of close to 90,000 sqm (GLA) 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 50,000 customers per day.

In October 2013, AFI Europe inaugurated AFI Ploiesti, the first and only modern shopping mall developed in the city center of Ploiesti, following an investment of over EUR 50 million. The shopping mall offers a total gross leasable area (GLA) of 34,000 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 has developed AFI Park, Bucharest’s newest and most advanced Class A Business Park. AFI Park offers 70,000 of office leasable area occupied by multinational IT&C corporations. AFI Park 1-5 are close to 100% leased. AFI Park line-up of multinational tenants includes Microchip Technology, Electronic Arts, Endava Romania, Cameron US, SII Romania, ORTEC Central & Eastern Europe, FotoNation, Telus International, Veeam Software and Dell SecureWorks.

AFI Europe Romania is currently under development in the City Centre of Brasov Romania of AFI Brasov, which includes a 45,000 sqm GLA shopping mall and two office buildings of 25,000 sqm GLA.

In the office segment, AFI Romania is under development of AFI TECH PARK, a 56,000 sqm of GLA Class A Business Park located in close proximity to the J.W. Marriott hotel and the Romanian Parliament. The business park will comprise of 2 low rise office buildings and one office tower, with ample green areas in a central garden, the project is built as a high tech/campus-style environment, to answer the expanding needs of IT&C companies in Romania by offering a suitable space in terms of technical specifications accompanied by required expansion options.

In addition, AFI Europe Romania has recently started the construction on the first residential project, AFI City that will be developed in on a land of 148,000 sqm, first fase containing 190 apartments and 228 parking places, located in Bucurestii Noi area (1st District, Bucharest), exactly near Laminorului metro station.