AFI Europe has officially started the development of its first Romanian retail park in Arad. The project will have a leasable area of 29,400 sqm and has already reached an occupancy rate of 70%.
The new project will join AFI Europe’s retail portfolio which already includes three large scale shopping centres in Bucharest, Brașov and Ploiești.
AFI Arad will open in the second half of 2023 and has already attracted mix of tenants that includes hypermarkets, electronics and fashion retailers.
“Before long, we will invite the city's residents to take part in a modern shopping experience in a retail park that brings top brands and the most attractive leisure spaces,” said Doron Klein, CEO of AFI Europe Romania and the Czech Republic.
AFI Europe’s portfolio in Romania includes offices and retail spaces spanning 300,000 sqm and 170,000 sqm, respectively. The company is also working on a residential project and plans to launch residential for rent investments in the next years.
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