AFI Europe completes first resi project in Bucharest

23
Jul
2020
News - AFI Europe completes first resi project in Bucharest #AFI Europe #Bucharest #development #green #residential #Romania #sustainability

by Property Forum | Residential

AFI Europe Romania has finalized and completely sold phase I of AFI City, the first residential project developed by the company in Romania. The first phase consists of 190 apartments and 228 parking lots, and is located in northern Bucharest, in the Bucurestii Noi neighborhood.


AFI Europe Romania has finalized the development for the first phase of AFI City, the company’s first residential project on the Romanian market.  The project’s first phase consists of 190 apartments and 228 parking spaces above ground, located in Bucurestii Noi.

Upon the completion of this first phase, AFI City received the Green Homes Certification, based on a thorough examination from the Romania Green Building Council (RoGBC). Following the certification, AFI City became one of the few residential projects in Romania to be recognized accordingly, due to its high standards dedicated to reducing its impact on the environment. Previously, the project had been pre-certified by RoGBC.  

As per the certification, apartments in AFI City are eco-friendly, the construction materials used are sustainable and with a low environmental footprint. The buildings have enhanced energy efficiency, translated into lower utility bills for those who live in AFI City. The complex has also made available parking lots designed for electric vehicles, so residents can charge their cars while at home. 

The development of AFI City began in the second part of 2018, following an overall investment of €16 million for the first phase. The new residential complex provides several facilities to residents, including immediate proximity to public transportation, including the Laminorului subway station in front of the project, a playground and generous green recreational areas.




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New leases

  • E-commerce player 4M Pro&Invest has leased nearly 4,100 sqm of warehouse space in Panattoni Park Poznań XIV. This agreement marks the completion of the leasing of the two completed phases of the development.
  • Panattoni has commenced construction on the latest phase of Panattoni Park Gorzów II, developing a bespoke BTS warehouse for DPD Polska. The facility will encompass 5,300 sqm tailored to the courier company’s operational requirements. DPD Polska is scheduled to begin operations at the new site in August 2026.
  • Romanian strategic advisory firm Infinexa Restructuring has relocated its HQ to GTC’s City Gate South Tower in Bucharest. The move supports their integrated approach to delivering complex debt restructuring, insolvency mandates, and preventive procedures for distressed companies.

New appointments

  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.


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