12.20.2017

Property developer AFI Europe Romania has signed a loan agreement with Bank Leumi Romania for EUR22 million to develop the first stage of its AFI Tech Park office project in Bucharest, the company more

11.23.2017

Property developer AFI Europe Romania on Thursday said it registered a net operating income of over EUR37 million in the first nine months of 2017, 10.4% higher than in the same period last year. more

08.21.2017

Property developer AFI Europe Romania registered a net operating income of EUR24.7 million in the first six months, 11.5% higher than in the same period last year. more

08.16.2016

AFI Europe Romania registered a net operating income of EUR22.2 million in the first six months of 2016, up 13.1% from the year-earlier period, the company said in a statement. more

07.27.2016

AFI Europe Romania has rented out 3,000 square meters in office building AFI Park 4&5 to SecureWorks, which provides intelligence-driven security solutions for organizations to prevent, detect, more

11.23.2015

AFI Palace Cotroceni shopping mall in Bucharest, AFI Europe’s largest and most important asset, generated a net operating income of EUR7.7 million in the third quarter, up 3.3% on the year. more

08.17.2015

AFI Europe Romania registered net operating income of nearly EUR20 million in the first six months of 2015, up 8.4% on the year, the company said in a statement. more

07.27.2015

The higher sales and visitors of Romania’s retailers in AFI shopping malls on the local market during the first half of 2015 is a sign of economic revival, according to David Hay, CEO with the more

07.20.2015

Real estate developer AFI Europe has signed a financing agreement worth EUR39 million with Bank Leumi Romania, for completing the construction of office buildings AFI Park 4 and 5, the fourth stage of more

07.14.2015

AFI Europe has bought a plot of 40,000 square meters in the center of Brasov, where it plans to build a shopping center with a leasable area of 45,000 sqm and a class A office development of 11,000 more

06.16.2015

AFI Europe is going to expand the entertainment area of AFI Cotroceni shopping center by 1,000 square meters, as well as the spaces of fashion retailers and the parking area by another 7,000 sqm. more

06.16.2015

Bucharest’s mall market is not oversaturated, despite the openings in the last few years, says Israel Vizel, the manager of the shopping center division of AFI Europe, the owner of AFI Palace more

05.20.2015

AFI Europe Romania had net operating revenue of nearly EUR9 million in the first quarter, 8.1% higher than in the first quarter of 2014, mainly driven by its two new office buildings in Bucharest, AFI more

03.10.2015

AFI Europe registered net operating income of EUR37 million in 2014, up 20% on the year, from the renting of AFI Palace Cotroceni and Ploiesti shopping malls and the first two office buildings in AFI more

01.19.2015

AFI Europe started the expansion and reorganization of the spaces in AFI Palace Cotroceni shopping center, the company said in a statement. more

11.19.2014

AFI Palace Cotroceni and Ploiesti shopping malls and the first two office buildings in AFI Park in Bucharest generated net operating income of over EUR27 million in the first nine months of 2014, were more

09.09.2014

Romanian lender BCR has granted a EUR32 million loan to AFI Europe for the completion of works on a second and third office building in the developer's AFI Park office compound in Bucharest, the lend more

03.28.2014

The number of investors operating on the real estate market of offices, shopping malls, logistics and retail spaces is falling as a series of new projects are being delivered and the arrival of new more

03.12.2014

Real estate developer AFI Europe Wednesday reported net operating income of EUR28.7 million in 2013 from AFI Palace Cotroceni mall in Bucharest, up 6.5% on the year, while tenants’ sales rose 4.3% more

01.21.2014

Financing remains difficult even for good projects and experienced real estate developers, David Hay, Chief Executive Officer of the Romanian subsidiary of Israeli real estate developer AFI Europe, more

11.20.2013

Retailers in shopping center AFI Palace Cotroceni (Bucharest) registered sales of EUR145 million in the first nine months of 2013, up 5.3% on the year. more

11.11.2013

Israeli real estate developer AFI Europe Monday announced it rented 11,700 square meters to U.S. video game company Electronic Arts in AFI Park 2, the second building of office compound AFI Park in more

08.26.2013

Israeli real estate developer AFI Europe is in negotiations with several banks to refinance a loan worth EUR234 million taken out in 2007 from Hypo Real Estate Bank to develop shopping center AFI more

05.19.2013

Real estate developer AFI Europe has received its building permit for a second mall in Bucharest, for which works are slated to start this year or early 2014, and the developer also plans to build a more

03.13.2013

Real estate developer AFI Europe Wednesday reported net operating income from AFI Palace Cotroceni mall in Bucharest rose to EUR26.9 million in 2012, from EUR24.6 million a year before, fueled by a 9% more