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AFI Europe Romania reached 46 million Euro net operating income in 2016, 15.5 per cent up compared to 2015

The Romanian subsidiary of real estate company AFI Europe announced a 46 million Euro net operating income in 2016, up 15.5 per cent against the previous year, according to company data.

2017-03-15 15:26:01

The company's flagship property on the local market, the AFI Cotroceni shopping mall, has reported a 33.8 million Euro net operating income, up by ten per cent compared to 2015.
AFI Ploiesti, the developer's second mall on the local market posted a six per cent NOI increase last year, while AFI Park, the office project near AFI Cotroceni reached a 99 per cent occupancy.

At the end of last year, AFI Europe Romania started the construction of its second office project in Bucharest. AFI Tech Park will be a 50,000 sqm gross leasable area (GLA) business park located close to the J.W. Marriott Hotel and the Romanian Parliament. The first phase of the project, comprising 20,000 sqm GLA, will be delivered in the first quarter of next year.



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