AFI Europe to start first residential project in Romania

14
Feb
2018
News - AFI Europe to start first residential project in Romania #AFI Europe #Bucharest #development #residential #Romania

by Import Sys | Residential

AFI Europe Romania has received the building permit that allows for construction works to begin on AFI City, the first residential project developed by the company in Romania. The building process has been divided into phases, the first one being scheduled to begin in the next 2 months.


Situated in the North-West part of Bucharest, along the Bucurestii Noi Boulevard, in District 1, phase 1 of the project will consist of 190 apartments, served by 228 above ground parking spaces. Once all phases will be completed, the large scale planned residential project will rank amongst one of the largest residential projects in Bucharest.
 
AFI City is located on Bucurestii Noi Boulevard in one of the greenest areas of Bucharest, with quick access to the main traffic arteries of the city such as Bucurestii Noi Boulevard, Boulevard Ion Mihalache, Boulevard Poligrafiei and National Road 1 (DN1), as well as to Bazilescu Park and the Straulesti and Grivita lakes. There is also a metro station right in front of the project.
 
“We have extended our presence on the Romanian market by developing our first residential project in Bucharest. We are currently building 1,000 residential apartments in Belgrade, Krakow, Riga and Prague. These numbers stand as proof of the trust that people across the CEE have placed in us and that we have raised to their standards. Which is what we wish to replicate in Romania, and offer people the home they are looking for,” says David Hay, CEO of AFI Europe Romania.
 
The 190 apartments will vary in size and partitioning, offering double studios, 2 room and 3 room configurations. AFI City has been pre-certified by the green housing certificate from the Romanian Green Building Association.



New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • 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.

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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