AFI Europe launches Bucharest residential project

19
Jun
2018
News - AFI Europe launches Bucharest residential project #AFI Europe #Bucharest #development #residential #Romania

by Property Forum | Residential

AFI Europe Romania broke ground this month on AFI City, the first large-scale residential project to be developed by the company in Romania. TGC was assigned as the general contractor for the first phase of the project.


The first phase of the construction commenced this June and it will deliver two buildings totaling 190 residential units, served by 228 above ground parking spaces. AFI City’s first construction phase is estimated to be completed in the summer of 2019. Once all phases will be completed, the residential project will feature a closed private community surrounded by green areas and sport facilities.
 
Situated in the North-West part of Bucharest, along the Bucurestii Noi Boulevard, in District 1, the project will include a mix of functional apartments, following an investment of approximately €16 million. The project is pre-certified by the Romanian Green Homes Association.



Latest news


New leases

  • The DigestMed medical centre, specialising in gastroenterology services, has opened a clinic spanning over 675 sqm within the Bucharest-based London Office Building, part of the EVO Properties multifunctional hub, following an investment of €1.5 million.
  • Focus Estate Fund has signed a new lease agreement with HalfPrice, the off-price retailer, for approximately 2,000 sqm of modern retail space at Sosnowiec Plaza in Sosnowiec, Poland.
  • Ford Polska has extended its lease agreement, until 2031, for nearly 1,200 sqm of office space in Warsaw's Diuna, part of the Syrena Real Estate portfolio. It is one of the first tenants of the Służewiec complex, having operated continuously at this location since February 2008.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


Latest news

News - Gránit Asset Management unifies Hungarian retail portfolio under Zone brand
02
Mar
2026

Gránit Asset Management unifies Hungarian retail portfolio under Zone brand

by Property Forum
Gránit Asset Management has completed the acquisition of the Park Center retail portfolio from Revetas Capital, creating one of Hungary's largest centrally managed retail park networks under the Zone Retail Park brand.
Read more >
News - Polish regional office markets hit record leasing despite supply drop in 2025
02
Mar
2026

Polish regional office markets hit record leasing despite supply drop in 2025

by Property Forum
Office markets outside Warsaw achieved record gross leasing volume of 773,000 sqm in 2025, despite developers delivering the lowest new supply in two decades. The dominance of lease renewals signals tenants' preference to stay in current locations rather than relocate.
Read more >
News - Prague flex office market surges 60% in five years
02
Mar
2026

Prague flex office market surges 60% in five years

by Property Forum
The flexible workspace sector in Prague has recorded its strongest five-year period in history, according to a report by Savills. As of December 2025, total flexible workspace stock reached 130,500 sqm, representing a 60% increase compared to 2019.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy