BR Exclusive. Concept competition for the real estate project developed by AFI Europe close to AFI Cotroceni mall in Bucharest

Newsroom 28/09/2018 | 10:48

AFI Europe has launched a concept competition involving two arhitectural companies for the development on the 43,000 sqm acquired close to AFI Cotroceni mall and AFI Park offices.

”We’ll see the concept and we will decide which one we are going to choose. Anyway, we’ll extend AFI Park office concept, the number of buildings (now at AFI Park 4&5) will grow. Probably we’ll have a residential component, it is a very good area, maybe some retail, ”Doron Klein, CEO AFI Europe Romania told BR.

AFI Europe Romania has completed, two months ago, the acquisition of a land plot of approximately 43,000 sqm in the vicinity of the AFI Park office complex and the AFI Cotroceni mall through a transaction worth EUR 23 million.

At present, AFI Europe Romania develops in the center of Brasov the AFI Brasov project, which includes a shopping center with 45,000 sqm of leasable area and two office buildings with a leasable area of 25,000 sqm. In the office segment, AFI Romania is developing AFI Tech Park, a class A business park with a leasable area of 56,000 sqm, located near the J.W. Marriott and the Romanian Parliament.

AFI Europe develops, as well, AFI City, a large residential project, which will be constructed on a 148,000 sqm plot of land in Bucurestii Noi (Sector 1 in Bucharest).