AFI Europe Romania plans to expand the AFI Cotroceni mixed-use project in Bucharest with new retail, office, residential and hotel components. According to Ziarul Financiar estimates, the expansion would see the project’s total value increase from €700 million to €1-1.2 billion.
“On the new 50,000 sqm plot purchased a year and a half ago next to AFI Cotroceni, we will be able to develop a 150,000 - 200,000 sqm project. We will implement a residential component for rental, offices, additional retail and a hotel," commented Doron Klein, CEO of AFI Europe Romania.
AFI Europe Romania has heavily expanded in Romania last year. It acquired NEPI Rockcastle’s Romanian office portfolio for 300 million and signed an agreement to take over the Casa Radio project in Bucharest.
