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AFI Europe Romania scores another point in residential field: AFI City enters the Green Building Pre-Certification phase

Bucharest, April XX, 2018: AFI Europe Romania enters ROGBC’s Pre-Certification phase as Green Building for AFI City, the first residential project developed by the company in Romania.

Recently developed real estate projects have been imprinting their mark upon the environment. AFI Europe Romania endorses sustainability and high quality standards. Increased awareness of energy efficiency and its importance in the construction sector have turned public attention to more efficient, “green” buildings.

The certification process for green homes measures six distinct components of sustainability: sustainable sites, water efficiency, materials and resources, indoor environmental quality, innovation, as well as energy performance. Achieving the pre-certification phase gets AFI City the opportunity to aspire in enrolling in the Green Mortgage program, awarding a whole new series of benefits to future householders.

The Green Home Pre-certification phase converts AFI City in one of the residential compounds of which value will rise over the years. We are talking about immediate and very tangible benefits in terms of the savings generated by improved insulation, reduced water consumption, minimizing total energy consumption with up to 30%, more efficient heating, better air conditions or natural ventilation. These lead, additionally, to lower medical costs due to significantly healthier living environment and an overall improved life experience for the whole family.

The Green Home Certification demands a highly disciplined development approach that is aimed towards delivering an environmentally sustainable project. One needs to factor in the added appreciation value – ten years from now, green homes will have the highest resale value on the residential property market. We are one step closer into becoming the best deal for AFI City’s future residents“, declares Tal Roma, Business Development Manager, AFI Europe Romania.

To get ROGBC’s certification, the developer of a residential project needs to meet certain mandatory requirements and obtain a certain amount of ‘green’ credits. Projects can qualify for pre-certification once the developer in question has incorporated ROGBC’s requirements in the project’s design and submitted the relevant documents to our organization. The final ROGBC certification is awarded once the project is complete“, adds Elena Rastei, XXXX, Romanian Green Building Council.

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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.

AFI CITY primul proiect rezidential certificat Green