Bucharest, February 12, 2018: AFI Europe Romania has received the building permit that allows for construction works to begin on AFI City, the first residential project developed by the company in Romania. The building process has been divided into phases, the first one being scheduled to begin in the next 2 months.
Situated in the North-West part of Bucharest, along the Bucurestii Noi Boulevard, in District 1, phase 1 of the project will consist of 190 apartments, served by 228 above ground parking spaces. Once all phases will be completed, the large scale planned residential project will rank amongst one of the largest residential projects in Bucharest.
AFI City is located on Bucurestii Noi Boulevard in one of the greenest areas of Bucharest, with quick access to the main traffic arteries of the City such as Bucurestii Noi Boulevard, Boulevard Ion Mihalache, Boulevard Poligrafiei and National Road 1 (DN1), as well as to Bazilescu Park and the Straulesti and Grivita lakes. And to complete and have one of the best connected locations in Bucharest, we have the Metro station right in front of the project.
“We have extended our presence on the Romanian market by developing our first residential project in Bucharest. We are currently building 1,000 residential apartments in Belgrade, Krakow, Riga and Prague. These numbers stand as proof of the trust that people across the CEE have placed in us and that we have raised to their standards. Which is what we wish to replicate in Romania, and offer people the home they are looking for,” says David Hay, CEO, AFI Europe Romania.
The 190 apartments will vary in size and partitioning, offering Double Studios, 2 room and 3 room configurations. The project encloses the most modern and functional designed apartments on the market. Furthermore, with the surrounding retail facilities, it provides the perfect combination of family, friends and personal lifestyle.
What is more, AFI City raises up to the current sustainability standards and has been pre-certified by the green housing certificate from the Romanian Green Building Association.
Details about the AFI City Residential Project are available on the website www.aficity.ro.
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 centre 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 being 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 two projects to be developed in the near future: a 80,000 sqm land plot in Arad where a retail park is to be developed anchored by a hypermarket and a DIY shop and the large scale residential project AFI City, to be developed on the 148,000 sqm land plot in Bucurestii Noi district 1 of Bucharest.