05.22.2014

Bucharest-based shopping mall AFI Palace Cotroceni reported a 6.7% revenue increase in the first quarter, to EUR7.3 million, while its revenues are seen at over EUR29 million for the entire 2014. more

05.07.2014

Real estate developer AFI Europe, controlled by Israeli billionaire Lev Leviev, started works for buildings four and five of AFI Park office project, built around AFI Palace Cotroceni shopping center more

04.16.2014

Leonardo, Romania’s top footwear retailer by 2012 revenue, closed down the store in AFI Palace Cotroceni shopping center, one of Romania’s major shopping poles. The space is now occupied by more

03.28.2014

The number of investors operating on the real estate market of offices, shopping malls, logistics and retail spaces is falling as a series of new projects are being delivered and the arrival of new more

03.27.2014

Deutsche Pfandriefbank, Raiffeisen Bank International, Raiffeisen Bank Romania and Erste Group Bank AG will lend EUR220 million to help refinance debt obligations of AFI Europe’s shopping mall AFI more

03.12.2014

Real estate developer AFI Europe Wednesday reported net operating income of EUR28.7 million in 2013 from AFI Palace Cotroceni mall in Bucharest, up 6.5% on the year, while tenants’ sales rose 4.3% more

03.02.2014

The sales of retailers hosted by AFI Cotroceni shopping mall rose last year at the same pace as the retail market, namely between 5% and 6%, Israel Vizel, manager mall division AFI Europe, told more

01.21.2014

Financing remains difficult even for good projects and experienced real estate developers, David Hay, Chief Executive Officer of the Romanian subsidiary of Israeli real estate developer AFI Europe, more

01.20.2014

British IT services provider Endava plans to hire up to 100 people in Bucharest this year, so that in December, it would move from AFI Park 1 to AFI Park 3, in a bigger space. more

12.10.2013

He came in Romania when the crisis was in full swing, in early 2011, after having worked in the United States, Nigeria and Canada and managed to have EUR100 million worth of project built in less than more

11.20.2013

Retailers in shopping center AFI Palace Cotroceni (Bucharest) registered sales of EUR145 million in the first nine months of 2013, up 5.3% on the year. more

11.11.2013

Israeli real estate developer AFI Europe Monday announced it rented 11,700 square meters to U.S. video game company Electronic Arts in AFI Park 2, the second building of office compound AFI Park in more

10.03.2013

Israeli company AFI Europe Thursday inaugurated in Ploiesti, southern Romania, its second shopping center on the local market, following an investment worth over EUR50 million. more

10.02.2013

Sporting goods retailer Intersport is opening a new store Thursday in the AFI Palace shopping mall in Ploiesti, its second in the city and 23rd in the country. more

09.18.2013

Israeli company AFI Europe, owner of AFI Palace Cotroceni mall in Bucharest, is building a 800 square-meter extension of the H&M store. In the extension the retailer will sell both clothes and home more

08.26.2013

Israeli real estate developer AFI Europe is in negotiations with several banks to refinance a loan worth EUR234 million taken out in 2007 from Hypo Real Estate Bank to develop shopping center AFI more

08.14.2013

Retailers hosted by AFI Palace Cotroceni Bucharest registered sales of EUR95.5 million in the first half of the year, up 4.1%, while revenues from rents increased 7.6%, to EUR14.1 million. more

06.03.2013

Real estate developer AFI Europe Romania will open a 30,000-square meter shopping center in Ploiesti on October 3 and the mall is currently 90% rented. more

05.19.2013

Real estate developer AFI Europe has received its building permit for a second mall in Bucharest, for which works are slated to start this year or early 2014, and the developer also plans to build a more

05.16.2013

Retailers hosted by AFI Palace Cotroceni Bucharest registered sales of EUR47 million in the first quarter of the year, up 1.6% expressed in euros, while revenues from rents increased 10%, to EUR6.9 more

03.27.2013

Real estate developer AFI Europe wants to obtain green certification for its first two AFI Park office towers in Bucharest, and appointed real estate consultancy firm Colliers International to advise more

03.13.2013

Real estate developer AFI Europe Wednesday reported net operating income from AFI Palace Cotroceni mall in Bucharest rose to EUR26.9 million in 2012, from EUR24.6 million a year before, fueled by a 9% more

03.01.2013

AFI Park 1, the first office building finished by Israeli developer AFI Europe in Bucharest, has reached an 85% occupancy rate, after five new leasing contracts were signed. more

01.24.2013

Retailers hosted by AFI Palace Cotroceni Bucharest registered sales of EUR201.5 million last year, up 10.8% from EUR181.8 million in 2011, the shopping center said in a press release Thursday. more

01.15.2013

Shopping center developer AFI Europe said Tuesday it obtained financing of over EUR30 million from Raiffeisen Bank International Group to complete a shopping center project in Ploiesti, southern more