Holiday shopping season brings Afi Palace Cotroceni EUR 26 million December sales

Newsroom 25/01/2013 | 11:54

The Afi Palace Cotroceni shopping mall in Bucharest owned real estate development company Afi Europe, had over 2 million visitors in December who spent EUR 26 million on shopping, the company has announced.

In 2012 the shopping mall had total sales of EUR 201.5 million, up 10.8 percent, according to Mediafax. In the fist 9 months of last year, the company’s rent revenues amounted to some EUR 19 million, up 10 percent y-o-y.

Afi Palace Cotroceni was the only mall in Bucharest which was opened on December 25 and January 1.


Expanding outside Bucharest

Afi Europe Romania has recently secured a EUR 30 million loan from Raiffeisen Bank International Group to complete the construction of the Afi Palace Ploiesti shopping mall.

The 28,000 sqm project should be officially opened on October 3 this year. AFI Palace Ploiesti is being built on the Gheorghe Doja Street and will host some 100 shops. The project is so far 70 percent leased and future clients will include Cora, Flanco, H&M, New Look, Reserved, Mussete, Timeout, Collins, Nike, Aldo, Motivi, Otter, Lee Cooper, Il Passo, B&B, Jolidon, KFC, McDonald’s, El Bacha Restaurant, Quasi Pronti, Pizza Dominium, Thang Long and Pizza Bonita.

Simona Bazavan

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