AFI Europe leases half of its rental apartments in Prague

03
Oct
2023
News - AFI Europe leases half of its rental apartments in Prague #Czech Republic #Prague #rent #rental #residential

by Property Forum | Residential

AFI Europe Czech Republic, a developer that has been focusing on the construction of rental housing in recent years, has already achieved 50% occupancy in its two newly completed buildings: the AFI Home Karlín at the corner of Thámova and Pernerova streets and the first phase of AFI Home Kolbenova in Vysočanská street.


"The interest in rental housing in the metropolis is enormous. At the present time of high-interest rates and tightened mortgage conditions, it is practically the only solution to secure quality housing in an interesting location with good amenities and connection to the public transport network. Moreover, with the possibility of immediate move-in and, in our case, with a flexible lease term," comments Doron Klein, AFI Europe's director for the Czech Republic.

Elena Pisotchi, Sales and Marketing Manager at AFI Europe adds: "The biggest demand is for fully furnished apartments in 2+kk size. Both AFI Europe residences have a reception with 24-hour security. The apartments are furnished up to 2+kk. In addition, there are underground garages and spacious cellars in the basement of the buildings.

The Karlín project was created by reconstructing two original buildings from the beginning of the 20th century, which was sensitively complemented by an extension reaching ten floors above ground. Altogether, it comprises 172 flats in layouts ranging from 1+kk to 4+kk. The city centre is within easy reach: just two metro stops or a five-minute drive. The surrounding area offers a wide range of shops and services, as well as social and cultural events. The Atlas cinema, the Kasárna Karlín complex and the Přístav 18600 centre are all close by.

The second residence is an apartment building in the rapidly developing multifunctional AFI City district in Vysočany, which includes a large park with a playground, promenade and seating area. In the near future, a kindergarten and a restaurant with outdoor seating will also be built here. The first of the two houses AFI HOME Kolbenova offers 313 units in sizes from 1+kk to 4+kk.




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  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.
  • Primark will launch its first retail location in Craiova in early June. The 3,185 sqm store will be situated within ElectroPutere Mall and marks the retailer’s fifth unit in Romania.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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