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Grants worth 70,000 de lei for community projects: AFI Europe Romania and the Bucharest Community Foundation launch the community fund „Be a Good Neighbor”


Bucharest, November 8, 2017: AFI Europe Romania launches the community fund „Be a good Neighbor”,
the company’s first social responsibility program, developed together with the Bucharest Community Foundation. It addresses NGOs and initiative groups and provides a total grant of 70,000 lei for up to three projects. Applications can be submitted by December 11, 2017. Detailed information about the project are available at www.afitechpark.ro/afivecinbun.

 

The “Be a Good Neighbor” fund aims to finance between 1 and 3 projects to contribute to the urban revitalization of the community spirit in the areas near the newest business park that AFI Europe Romania is building in Bucharest, AFI Tech Park, a 56,000 sqm GLA Class A office park, which provides an IT&C campus style environment in an urban complex with ample green areas, with high technical specifications similar to all AFI projects. The areas of intervention to be targeted by the applicants are: 13 Septembrie, Tudor Vladimirescu, Uranus, Rahova, Ferentari districts and the vicinity of Carol Park.

 

“Be a Good Neighbor” initiative is aimed to make people of Bucharest rediscover the neighborhood and the area where they live and enjoy everything they can offer, but it also aims to set a good example for companies that through their projects are having a real impact in community.

“In other countries in Europe, companies that get involved in community life represent an indispensable activity and it is even regulated by law. In Romania, this is currently limited to voluntary individual initiatives by business representatives. We believe that community life must be a concern for any company. This is our vision and over time we have demonstrated that our role goes beyond business boundaries, by trying to be as close as possible to the people in the communities where we chose to develop our projects. Through our program «Be a Good Neighbor», we want also to be an example for other companies, even in the real estate field, maybe one that intersects most with the life of the community”, said David Hay, CEO AFI Europe Romania.

 

The applications within the “Be a Good Neighbor” fund can be projects that help places in the targeted areas to look better, become more developed and create more facilities to communities living there. Moreover, projects that stimulate and support the social life of the area in an inclusive way, by animating the public spaces and bringing communities together in neighborhoods are welcomed. Other project ideas may be those that generate a better quality of life or those involving in the implementation as many members of the neighborhood as possible.

 

The selection process will be carried out in two stages:

  1. Applications and preliminary assessment:

Projects may be submitted from November 8th to December 11th, 2017

  1. Top 5 and winners’ choice:

The top five teams will be invited to submit the projects with complete details, from January 17th to February 9th, 2018. The selection of the winning projects will be based on a score and after the interviews with the jury, held during February 12 – 28, 2018.

Afterwards, the winners will have nine months to implement the project.

For six years, the Bucharest Community Foundation supports groups that make positive changes in the areas where they live and do not give up. When we see how communities grow, how their members know and help each other and how they care about the city, we then know that the support we are giving is valuable. We are extremely happy to work with AFI Europe Romania on their first community fund and to grow together this community of people who do things for the city”, said Alina Kasprovschi, Executive Director, Bucharest Community Foundation.

The projects are selected with the help of an independent jury, consisting of people with experience in urban planning and regeneration, community, social and civic involvement: Oana Preda, CEO of CeRe, Ana-Maria Elian (Țoni), Urban Planner and Urban Regenerator at MKBT: Make Better, Andrei Mihail, Doctor of Anthropology, Associate Professor at the Faculty of Political Science, SNSPA, Catalin Iorgulescu, Member of the Romanian Business Services Leaders Association and Tal Roma, Business Development Manager at AFI Europe Romania.

“We want «Be a Good Neighbor» to represent the proof of a long-term investment that we bring to the neighboring communities with our new building. AFI Tech Park is more than just an office project, it represents our vision of the workplace of the future, which has to meet the increasingly frequent needs of the employees: a greater mix of facilities at their disposal, a better workspace, less time spent in traffic on the way to the office”, says Tal Roma, Business Development Manager, AFI Europe Romania.

Details about the application process, the calendar, selection and eligibility criteria are available on the program’s dedicated website: www.afitechpark.ro/afivecinbun.

 

About AFI Properties:

AFI Properties is a member of the AFI Group, an international holdings and investments conglomerate with subsidiaries that engage in real estate, construction, infrastructure, industry and hotels (www.afigroup-global.com).

The company is active in the income producing and development property market since 1971. AFI Properties has been listed on the Tel-Aviv stock exchange in 2004. The company has been active in Europe since 1997 through its subsidiary AFI Europe mainly in the CEE markets. AFI Properties is ranked “BBB+ positive” by S&P and “A3 stable” by Midroog (a subsidiary of Moody’s).

 

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.

About Bucharest Community Foundation:

The Bucharest Community Foundation brings together donors, NGOs or initiative groups to develop communities in which we feel at home. It develops donation mechanisms, grants or ideas incubators for the city. In 6 years the foundation has funded over 250 projects, from Bucharest and Ilfov, with almost 3 million lei.

The Bucharest Community Foundation is part of a national movement, together with 15 other community foundations in the country. For more details, please visit www.fundatiacomunitarabucuresti.ro.