AFI Europe Romania acquired in 2021 two land plots in Northern part of Bucharest city, aiming to develop a new business segment: Residential to Rent.
The two land plots have an approximated surface of 10,200 sqm, positioned in Dimitrie Pompeiu Blvd. and Pipera Road, Northern part of Bucharest, considered one of the most dynamic areas in Romania’s capital city.
The lands worth 12 Million Euro, have previously obtained all needed Building Permits for the construction of approximately 450 apartments, collocated in three distinctive buildings.
Ready to be developed, AFI Europe plans to built on its newly acquired land plots its’ first BtR project (Built to Rent) in Romania, a business segment the company is already developing in other countries in the region (Serbia, Poland, Czech Republic) under “AFI Home” brand.
The project will be designed for young individuals and families in search of more mobility and flexibility when it comes to selecting a place to live in, choosing wisely the landlord able to provide, in the same place, a set of distinguishable and attractive services to its tenants (access to retail facilities: shops, pharmacy, fitness etc., building management).