AFI Europe sets the cornerstone of AFI Brasov

12
Sep
2017
News - AFI Europe sets the cornerstone of AFI Brasov #Afi Europe #Brasov #Construction #Development #Retail #Romania

by Ákos Budai | Retail

AFI Europe set the cornerstone of AFI Brasov, the company’s third shopping mall in Romania and announced the advancement of construction works. AFI Brasov will include 200 shops and retail units with 80% of total space already leased. The first stage of construction includes a shopping center with a total gross leasable area of 45,000 sqm and one of the two Class A office towers that stretch over an area of 25,000 sqm GLA. The investment at this stage is of over €120 million. The company estimates that the delivery date of the project is Q1 2019.


French retailer Carrefour was the first anchor of the shopping center with an area of 6,500 sqm. AFI Brasov shopping center will enjoy an attractive mix of tenants. Inditex Group will bring to AFI Brasov on an area of 7,000 sqm its main brands such as Zara, Bershka, Stradivarius, Pull and Bear, Oysho and Zara Home. Other international brands at the shopping mall will include Sephora, Tommy Hilfiger, Swarovski, Teilor, Kultho, Meli Melo, Optiplaza, Lee Cooper, Kenvelo, Tom Tailor, Intersport, Carturesti and MAC.
 
The new investment will create over 2,000 jobs and aims to become the new city center of interest and the preferred destination for shoppers, tourists, the business community and multinational IT&C companies.

The new shopping center will provide its guests with over 1,700 parking spaces and will have a 3,500 square meter green terrace, a cinema area with 10 VIP rooms, a 600 square meter casino, 1,200 square meters of entertainment, playgrounds and other attractions for children, restaurants and coffee shops.
 
AFI Brasov is the third AFI Europe commercial center developed in Romania, after AFI Cotroceni, the biggest mall in Romania (90,000 sqm GLA) and AFI Ploiesti (34,000 sqm GLA).



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New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


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