ARTICLES LABELLED WITH TAG AFI Europe

EPP has finalised the sale of its 70% stake in the Towarowa 22 mixed-use project in Warsaw to AFI Europe. It is historically one of the largest land transactions in Poland in terms of value, with the total plot value exceeding €180 million.

AFI Europe Romania has completed the refurbishment of all public areas within its AFI Lakeview office building in Bucharest following an investment of around €2 million. 

Property developer Plaza Centers is seeking €262.2 million in damages from the Romanian state, alleging that it recorded massive losses from the Casa Radio project in Bucharest. The company filed a complaint with the International Centre for Settlement of Investment Disputes (ICSID) in Washington. 

Irish fashion retailer Primark will open a new store in AFI Cotroceni, the shopping mall owned by AFI Europe in Bucharest. 

AFI Europe Romania says that all its office portfolio comprising seven projects has received the Well Health-Safety Certification.  

AFI Europe, an international investment group, is to buy shares in the Towarowa 22 project in Warsaw. AFI Europe and Echo Investment will jointly develop the commercial part of this complex. Echo Investment will independently be the investor of the residential part and the developer of the entire project.

AFI Europe has taken stock of the results for 2021, a year in which it has been fully committed to implementing its new corporate strategy focused exclusively on rental housing. The company is currently constructing four buildings in three residential projects in Prague. It plans to complete the larger part of them this year.

AFI Europe has completed the rough construction of an apartment building in the newly built AFI City district in Prague 9 - Vysočany. A total of 640 apartments are being built on a brownfield site near the Kolbenova metro station, exclusively for rental housing in two separate buildings, which will also include commercial space for shops, services and a restaurant. The construction of the first of them, with 313 units, has just moved towards completion and is successfully heading towards completion in Q4 2022.

Property developer AFI Europe has taken over two plots of land in northern Bucharest, in a deal worth €12 million, for the development of its first build-to-rent residential project. 

AFI Europe has completed the shell of the fifth and final phase of the Tulipa Třebešín residential project which is intended purely for rental housing and completes a large-scale development on a 5-hectare urban brownfield site in Prague 3 - Strašnice. The building will offer a total of 61 residential units with an expected completion date of Q3 2022. The general contractor is Imos Brno. AFI Europe's total investment in Phase 5 will exceed CZK 250 million.