AFI Europe Romania finalised the acquisition of a land plot in Bucharest, in the proximity of AFI Park 1-5 and AFI Cotroceni shopping mall, with a surface of approximately 43,000 sqm, in a transaction worth €23 million.
”The acquisition will allow us to develop our projects in Bucharest, part of our endeavors to further expand our business operations on the office, retail and residential markets. The first step post-acquisition will consist of identifying the best usage of the land plot, on which we can build up to 100,000 sqn”, declared Doron Klein, CEO AFI Europe Romania.
The land plot is situated near AFI Cotroceni and AFI Park, two of AFI Europe Romania’s most successful projects developed in Bucharest. With more than 56,000 visitors every day, AFI Cotroceni is considered one of the largest and most dominant shopping mall in Romania. AFI Park is one of the most advanced business centers in Bucharest, with 5 Class A office buildings, totaling 70,000 sqm of GLA, linked to AFI Cotroceni shopping mall.
AFI Europe Romania was represented by Bianca Stamatoiu and also by NNDKP Law Firms in purchasing the land plot from IMS Park Development.