About Us

AboutAFI Europe Romania

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

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

AFI Europe Romania opened in 2009, AFI Cotroceni, one of the biggest shopping centers not only in Romania, but also in the CEE, proving amazing experience to the visitors, besides shopping and food areas, like cinema, casino, relaxing areas, terraces, indoor ice-skating area. The mall spreads over a leasable area of 90,000 sqm GLA and offers its visitors a large entertainment area with multiple leisure options and a variety of over 300 shops of local and international brands, visited by 55,000 customers per day. The total investment in the shopping center is close to 360 Million Euro.

Adjacent to the shopping center is AFI Park 1-5 consisting of 5 Class A modern office building, totaling 70,000 sqm GLA office spaces, home to IT&C multinational companies. AFI Park 1-5 was the first modern office park developed in Romania together with a retail component.

AFI Cotroceni and AFI Park 1-5 became a flagship project of the company in Romania, a park which also contributed a lot to the development of the neighborhood around it.

AFI Ploiesti, the first and only modern shopping mall developed in the city center of Ploiesti, was the second shopping center of the company, inaugurated in October 2013, following an investment of over EUR 50 million. AFI Ploiesti 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 square meters of entertainment.

AFI BRASOV, the third shopping center developed by the company in Romania, after previously opened AFI Cotroceni, and AFI Ploiesti was inaugurated in October 2020.

AFI BRASOV is a mixed-use project that brings together the largest shopping center with a total leasable area of 45,000 sqm and rising above, integrated into the mall, 2 “Class A” office buildings, with a total leasable area of approx. 25,000 sqm developed in phases.

AFI Brasov offers its visitors over 150 internationally well-known brands but also local brands, known to Brasov residents, both creating together the favorite place for shopping and leisure. Playgrounds, fitness centre, entertainment, banks, pharmacies, casino and a hypermarket and a 3,500 sqm green terrace with unique view to the mountains.

AFI Brasov is targeted to obtain LEED Gold certification for “green” sustainable building.

AFI Europe Romania owns and manages approximately 180,000 sqm GLA of retail spaces and close to 300,000 sqm GLA of office spaces.

The second office park developed by the company in Romania is AFI TECH PARK, a 70,000 sqm GLA Class A business complex located in close proximity to the J.W. Marriott hotel and the Romanian Parliament. The business park will comprise of 3 office buildings with ample green areas, a high tech/campus style environment in an urban complex with a central plaza & gardens.

AFI Tech Park 1 was delivered in Q3 2018, while phase 2 is under construction and planned to be delivered in 2021 and phase 3 will start in 2021.

Other office projects owned by the company in Romania are AFI Victoriei Plaza, AFI Lakeview, AFI Park Floreasca and AFI Park Timisoara, all bought from another developer in a transaction of EURO 290 Million.

Besides these, future development plans of the company involve acquisition of Casa Radio project (currently under negotiation) and big expansion plans of AFI Cotroceni by adding both office and residential component.

AFI City Bucurestii Noi is the first residential project developed by AFI Europe Romania, phase 1 of the project, consisting in 190 apartments and 228 above ground parking seats, delivered at the beginning of year 2020. Future phases of the project will combine a retail anchor (currently under construction) and residential units.

AFI Europe Romania in figures:

NOI (retail& offices) 2019  57,400,000 Euro
Owned office spaces            300,000 sqm GLA
Owned retail spaces             170,000 sqm GLA

 

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 sqm GLA of office space occupied by multinational IT&C corporations. AFI Park is currently 98% leased. AFI Park tenant lineup includes: Electronic Arts, Microchip Technology, TELUS International, Endava Romania, Asentinel, Cameron US, BullGuard, SII Romania, ORTEC Central & Eastern Europe, FotoNation, Veeam Software, Dell SecureWorks, Hexaware Technologies.

AFI Europe Romania is currently developing „AFI Brasov” a Mixed–Use project that includes a 45,000 sqm GLA Shopping Mall and “AFI Park Brasov” Class A office Project a 25,000 sqm GLA office project.

In the office segment, AFI will develop AFI TECH PARK, a 56,000 sqm 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, a high tech/campus style environment in an urban complex with a central plaza & gardens.

AFI TECH PARK manages 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. The fact that the Business Park is located in Downtown Bucharest and not in City Outskirts provides the Park the unique advantage sought after by multinational companies in Romania.

AFI Europe Romania is planning to develop phase 1 of AFI City, a large scale residential project to be developed in Sector 1 of Bucharest, Romania.
The Mix Use Project is located in Bucurestii Noi, in the North West part of Bucharest, District 1, along Bucurestii Noi Boulevard. The project will include approximately 2,000 residential apartments and a commercial centre.

Currently as phase I, 2 residential buildings consisting of 190 apartments, 16,000 sqm of built up area are planned to be developed.
In addition, AFI Europe Romania will develop AFI Arad Retail Park will be 34,000 sqm GLA Retail Park to be developed in the city center of Arad, on a land plot of 80,000 sqm, creating an inner city retail park, including a hypermarket of approx. 10,000 sqm and additional retail boxes of approx. 1,000 – 2,000 sqm each including fashion, sport and electronics anchors.

LatestNews

AFI Europe Romania strengthens its position on the real estate market through new investments

Read more

AFI Tech Park 1 welcomes Romanian IT company certSIGN in the new Business Campus

Read more

AFI Europe Romania study: 1 out of 2 people in Bucharest prefer two-bedroom apartments with two bathrooms

Read more