ARTICLES LABELLED WITH TAG AFI Europe

26
Oct
2020

AFI Europe opens €148 million mixed-use project in Brașov

by Property Forum
AFI Europe Romania has inaugurated its AFI Brasov mixed-use project on 21 October. The project, located near the city’s historic centre, includes a modern shopping centre with 45,000 sqm GLA and 15,000 sqm GLA of office space rising above the retail floors.
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24
Sep
2020

AFI Europe secures €170 million loan from three banks

by Property Forum
AFI Europe Group contracted a €170 million loan from a consortium of banks consisting of Erste Bank Group, pbb Deutsche Pfandbriefbank, and Banca Comerciala Romana (BCR) to acquire NEPI Rockcastle’s office portfolio of in Romania.
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15
Sep
2020

AFI signs up two new tenants for Brașov office project

by Property Forum
AFI Park Brașov, an office project developed by AFI Europe Romania, announced two new tenants, Siemens Romania and NTT Data. The Class A office building has thus reached an occupancy rate of 55% before its official opening, with a total leased area of approximately 8,300 sqm.
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28
Aug
2020

NEPI Rockcastle and AFI Europe close €307 million transaction in Romania

by Property Forum
AFI Europe, the owner of among others the largest mall in Bucharest, has completed the takeover of the portfolio consisting of four office projects from NEPI Rockcastle, in the most important office transaction in Romanian history. With a value of €307 million, the transaction through which NEPI Rockcastle, advised by Colliers International, sold four office projects to AFI Europe represents a third of the real estate investment market estimated at about €1 billion in 2020. The acquisition places Romania on the map of large strategic investors and has the potential to become a catalyst for significant new transactions in the future, being an important benchmark for local market liquidity and contributing to increasing investor confidence, according to Colliers International specialists.
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10
Aug
2020

AFI Europe and NEPI Rockcastle ink new deal in Romania

by Property Forum
AFI Europe NV has concluded a new agreement with NEPI for the purchase of 4 Class A office projects in Romania, with a total GLA of 118,500 sqm. The transaction value is of €290 million and the portfolio’s takeover is scheduled to be finalised within the next four months.   
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23
Jul
2020

AFI Europe completes first resi project in Bucharest

by Property Forum
AFI Europe Romania has finalized and completely sold phase I of AFI City, the first residential project developed by the company in Romania. The first phase consists of 190 apartments and 228 parking lots, and is located in northern Bucharest, in the Bucurestii Noi neighborhood.
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09
Jul
2020

NEPI Rockcastle and AFI Europe start arbitrage over failed Romanian office deal

by Property Forum
NEPI Rockcastle and AFI Europe initiated arbitration proceedings in connection with the disputed matter of the sellers requesting the purchaser to pay the €15 million contractual guarantee and the purchaser contesting the validity of the sellers’ claim and requesting specific performance of the disposal, NEPI Rockcastle announced.
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06
Apr
2020

AFI Europe postpones Brasov opening due to COVID-19

by Property Forum
AFI Europe Romania announces the rescheduling of the opening date for AFI Brasov, the largest shopping centre project to be delivered in Romania in 2020. Initially planned for the spring of this year, the opening date is now scheduled for the autumn of 2020, should the overall social conditions allow it.
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02
Apr
2020

NEPI Rockcastle asks AFI Europe for €15 million compensation over uncompleted transaction

by Property Forum
As it was reported yesterday, the €300 million sale of NEPI Rockcastle’s Romanian office portfolio to AFI Europe has been suspended. In their separate announcements, the buyer claims that the completion of the transaction was impossible due to the COVID-19 related restrictions imposed by the authorities, while the seller insists that these restrictions did not prevent completion. The two companies have not reached a consensus on postponing the transaction’s deadline. NEPI Rockcastle has interpreted AFI Europe’s actions as a wish to cancel the acquisition and is now asking the company for a €15 million compensation.
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01
Apr
2020

Romania’s largest investment deal of 2019 suspended due to COVID-2019

by Property Forum
The €300 million sale of NEPI Rockcastle’s Romanian office portfolio to AFI Europe has been suspended due to the coronavirus crisis, Profit.ro reports.
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