02.24.2016

Israeli company Melisron could buy the Romanian assets of Africa Israel, which owns AFI Cotroceni Palace Mall, evaluated at NIS1.9 billion (EUR441 million), sources close to the matter told Israeli more

01.19.2016

Real estate developer AFI Europe has signed pre-lease contracts for 16,000 square meters of office buildings AFI Park 4 and 5, thus reaching a 50% occupancy rate at the beginning of this year, the 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

09.30.2015

Buildings 4 and 5 of the AFI Park office complex built by Israeli-held developer AFI Europe around the AFI Palace Cotroceni shopping center have been 20% pre-let, several months before inauguration. more

09.08.2015

Israeli-held AFI Europe, which owns two malls and several office buildings in Romania, has put Sorin Scintei, general manager of NEPI’s Mega Mall since the end of last year, in charge of the AFI 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

04.01.2015

Construction of the AFI Palace Arad retail park, which was originally supposed to start in 2008 and be completed in 2010, no longer has a timeline, according to company officials, who say the 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

02.15.2015

AFI Europe has signed a preliminary agreement to acquire the land owned by retailer Cora in Brasov, where it plans to build a retail center, as Auchan's real estate division Immochan is launching the 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

01.13.2015

Real estate developer AFI Europe Romania has completed the third of the five office buildings to be constructed within the AFI Park compound in the vicinity of Bucharest-based shopping mall AFI Palace more

12.02.2014

David Hay, the manager put in charge of the Romanian operations of Israeli group AFI Europe almost four years ago, is getting ready for the delivery of the third AFI Park office building and is 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

10.20.2014

Cotroceni Park SA, the operator of the AFI Palace Cotroceni mall, one of the key shopping destinations in Bucharest, posted EUR29.1 million net profit last year, five times higher than in 2012 and a 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

08.18.2014

Retailers hosted by AFI Palace Cotroceni in Bucharest registered sales of EUR92.3 million in the first half of 2014, down 3.1% on the year, while revenues from rents increased 4.2% to EUR14.6 million. more

08.12.2014

AFI Europe has reached a 100% occupancy rate in three out of five office buildings in its AFI Park office development in Bucharest, after leasing 6,000 square meters to Canada's Telus International more

07.24.2014

Retailers hosted by Bucharest’s shopping center AFI Palace Cotroceni, excluding hypermarket Auchan, registered a 10% rise in sales to over EUR100 million in the first half of 2014. more

06.19.2014

Israeli real estate developer AFI Europe has signed a financing agreement for EUR220 million with a consortium of banks to refinance a loan of EUR234 million taken out in 2007 from Hypo Real Estate more