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

  • A new KIKO MILANO store has opened at the Nový Smíchov shopping centre in Prague, as part of a lease transaction brokered by Cushman & Wakefield.
  • Kenneth Cole New York has launched its European debut with a 200 sqm store in Prague’s Westfield Chodov shopping centre.
  • Galeria Askana in Gorzów Wielkopolski has significantly bolstered its retail mix by signing a lease agreement with HalfPrice for a unit exceeding 2,000 sqm. The off-price retailer, part of Grupa Modivo, is scheduled to open its doors at the end of August 2026. The project features a large-format layout with the potential to expand the footprint to nearly 2,700 sqm.

New appointments

  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.


Latest news

News - One United Properties enters US market with Nashville land buy
12
Mar
2026

One United Properties enters US market with Nashville land buy

by Property Forum
Romanian developer One United Properties has announced its Board of Directors approved a strategic framework for phased entry into the US residential real estate market, by completing its first land acquisition in the Nashville metropolitan area.
Read more >
News - Bids for Polish commercial assets already higher in 2026 than in 2025
12
Mar
2026

Bids for Polish commercial assets already higher in 2026 than in 2025

by Property Forum
International capital is once again showing a stronger interest in Polish commercial real estate. Recent transactions completed by Echo Investment highlight how investors are reassessing pricing, income stability and long-term growth prospects in the market. In this interview, Judyta Sawicka, Head of Investment at Echo Investment, discusses what is driving buyer demand today, how the company decides when to monetise mature assets and why capital recycling into living and mixed-use developments is becoming central to Echo Group’s strategy.
Read more >
News - Echo Investment sells Brain Park A offices in Kraków
11
Mar
2026

Echo Investment sells Brain Park A offices in Kraków

by Property Forum
Echo Investment has signed a final agreement for the sale of the Brain Park A office building, spanning 14,000 sqm, in Kraków to the SCPI Transitions Europe fund, managed by Arkéa Real Estate Investment Management. 
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