Bucharest, February 14, 2018: AFI Tech Park business campus, the new office destination currently developed by AFI Europe Romania, signed a new lease agreement of approx. 2,000 sq m in AFI Tech Park 1 with GAME WORLD GROUP. The excellent lease terms offered by AFI Tech Park, including a no VAT base rent, provided the grounds for the leading gaming company to relocate to the new class A office park.
As a unique service, AFI Tech Park is providing a 400 sq m conference hall to be shared by the tenants of the office building, and other additional benefits, such as: “AFI Club”, which offers discounts for lunch and other services, also the first car sharing service in Bucharest. The project is located in the vicinity of the Romanian Parliament.
Construction works on the first office building, AFI Tech Park 1, which offers 20,000 sq m GLA office spaces, will be completed in Q2 2018. In addition, the building offers a retail area of 2,000 sq m, which are already signed by World Class gym (1,500 sq m) and Quick Service Restaurant “1 Minute” (110 sq m), while currently remaining spaces are under negotiations with a canteen and service shops. AFI Tech Park 1 will offer to its future tenants 220 underground parking spaces. The investment in the first phase of the project is over EUR 30 million.
„We are proud to begin this year with announcing a new 2,000 sq m tenant for our future business campus. We are still in advanced negotiations with other companies from IT&C, pharma and FMCG, for additional spaces in the first office building and we are confident that companies will realize the benefits of relocating to AFI Tech Park which is a new Class A office park developed close to the City Center,” says David Hay, CEO AFI Europe Romania.
Knight Frank has advised throughout the entire lease process, namely commercial consultants Catalin Stan – Associate Director and Alexandru Bordianu – Consultant Office Division.
The entire AFI Tech Park project offers 56,000 sq m GLA of Class A offices, comprising of two office buildings with GF+8 and one office tower of 14 floors. AFI Tech Park is designed to obtain the highest recognition for green buildings and has already received the LEED Platinum pre-certification for the use of construction, design and operating techniques and technologies with a minimum impact on the environment.
With a floor plate of approximately 2,800 sq m, the project is designed to offer tailor made office spaces, modern and well equipped meeting rooms, relaxing areas, storage rooms, advanced building management systems.
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.