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.



Latest news


New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


Latest news

News - Big Poland acquires Power Park Kielce retail centre
30
Apr
2026

Big Poland acquires Power Park Kielce retail centre

by Property Forum
Big Poland has acquired Power Park Kielce, one of the city's retail destinations, strengthening its position in the Polish retail park market and expanding its presence to the capital of the Świętokrzyskie region.
Read more >
News - GTC rental revenue up 8% in 2025
30
Apr
2026

GTC rental revenue up 8% in 2025

by Property Forum
GTC reported rental revenues of €202 million for 2025, up 8% from the previous year, while maintaining an 87% occupancy rate across its commercial portfolio.
Read more >
News - Bucharest hotels see strongest CEE revenue growth in 2025
30
Apr
2026

Bucharest hotels see strongest CEE revenue growth in 2025

by Property Forum
Bucharest's hotel market recorded the strongest performance in CEE in 2025, with revenue per available room (RevPAR) increasing by 12% year-on-year, according to analysis by Cushman & Wakefield.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy