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AFI Europe Romania posts increasing net operating income in H1 2017

AFI Europe Romania published its H1 2017 financial results, generating a Net Operating Income (NOI) from its income producing assets in Romania of 25 million Euro in H1, representing 11.5 per cent higher results compared to the same periods in 2016.

2017-08-21 13:35:12

The number of visitors in AFI Cotroceni, the dominant Shopping Mall in Romania, was increased in Q2 2017 by four per cent compared with the same period in 2016 and amounted to 50,000 shoppers daily in the mall.

AFI Ploiesti Shopping Mall results continue to increase in all parameters. Retailer's Sales (Turn-Over) rose by 19 per cent in Q2 and 16 per cent for the first six months of the year, compared to the same periods in 2016. In addition, the daily number of visitors to the mall resulted in over 15,000 shoppers per day. The occupancy rate of the shopping mall in Ploiesti remains steady at 99 per cent.

"The current growth of the Romanian economy and the good financial results registered by our company encourages us to continue and search for new opportunities and investments," commented David Hay, CEO AFI Europe Romania. "We are currently under construction of 170,000 sqm out of which 45,000 sqm shopping mall GLA and of 37,000 GLA offices and preparing to launch the AFI City residential project, all in parallel of AFI Cotroceni and AFI Ploiesti expansions and tenant mix changes."



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