Dedeman owners, brothers Dragos and Adrian Paval, will no longer purchase the five buildings included in the AFI Park project. Instead, they will only buy the first three buildings, Africa Israel announced.
AFI Europe announced the potential buyer of AFI park 4-5 was no longer interested in carrying out the agreement laid out in the letter of intention. “The process of transaction of AFI Park 1-3 buildings is ongoing,” Africa Israel representatives said.
The AFI office complex spans 70,000 square meters and comes with a price tag of EUR 164 million.
The deal as announced in June. “We have concluded that this acquisition is the most robust and confident step that we can take today in the field of commercial real estate, a sector that we want to invest in. Furthermore, we believe that this investment will solidify our group and our core business of DIY retail together with the trust of our existing and future business partners,” Dedeman CEO Dragos Paval said at the time.