about us | newsletter | contact | archive | members area
Corina Popescu, Transelectrica
High need for quality improvement in the public tenders area»

AFI Europe Romania to receive 22 million Euro development loan for AFI Tech Park phase 1

AFI Europe Romania has signed a financing agreement of 22 million Euro with Bank Leumi Romania for the development of phase 1 of AFI Tech Park, the newest business park the company is currently developing in Bucharest.

2017-12-20 16:42:09

AFI Tech Park is a 56,000 sqm GLA of Class A offices, developed in 3 phases and targeting companies from the FMCG, Automotive, IT&C, BPO and shared services markets, seeking to upgrade their facilities to a new Class A offices. The first phase of the project will be delivered in Q2 2018, offering 20,000 sqm GLA office space and 2,000 sqm of retail area, including the already signed tenants World Class fitness club and 1 minute. The project is developed close to the city center, in proximity to the JW Marriott Hotel and the Romanian Parliament and will comprise of two office buildings with GF+8 floors and one office tower of 14 floors, all surrounded by over 5,000 sqm of green areas.

"AFI Europe has an excellent long term and strategic relationship with the banks for financing projects and we are glad to have, once again, Bank Leumi as our partner for phase 1 in AFI Tech Park, a project through which we plan to open a new zone for office development in Bucharest," said David Hay, CEO AFI Europe Romania. "The fact that the Park is located in downtown Bucharest and not in city outskirts provides the Park the unique advantage sought after by multinational companies in Romania. With our current development projects, AFI Tech Park office project in Bucharest, AFI Brasov mall and offices, and soon to start our first residential project in Bucharest AFI City, AFI Europe continues its expansion in Romania."

The total investment for AFI Tech Park 1 is of over 30 million Euro. Construction works for AFI Tech Park 1 are advancing on schedule, currently having already completed the skeleton structure.

There are 0 comments:

Validation Code

0 Comments  |  8541 Views
Daily Info
CTP appoints Andreea Odovinca as Chief Financial Officer for Romania

CTP has appointed Andreea Odovinca as Chief Financial Officer (CFO) for Romania. She will be responsible for ensuring the efficiency of financial functions, the quality of the...

AFI Europe Romania's CEO David Hay resigns

AFI Europe Romania announced a top management change. David Hay the CEO of the company for the last seven years announced his resignation and his intention to continue his pro...

Joint audits - an efficient alternative to avoid double taxation

Collaboration among tax authorities around the globe and transparency obligations are increasing. In addition to traditional information exchange under tax treaties and agreem...

Romania has the lowest cost for arable land in Europe, says Eurostat

Arable land was the cheapest in Romania out of all member states, with a hectare costing an average 1,958 Euro in 2016, according to Eurostat, the statistics office of the EU....

CFR Calatori appoints Leon Barbulescu as general manager

Leon Barbulescu has been appointed general director of CFR Calatori, replacing Iosif Szentes, according to the sources from the railway field.





More on News
President Iohannis meeting Juncker and Tusk in Brussels, modifications in Romanian justice among topics

President Klaus Iohannis is to meet on Wednesday, in Brussels, with President of the European Commission Jean-Claude Juncker and with President of the European Council Dona...

1 Comment

Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot ...

1 Comment

Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel ...

President Iohannis: The Romanian society is mature and active and needs a state to match it

President Klaus Iohannis stated, on the occasion of the annual meeting with the heads of diplomatic missions accredited in Bucharest, that the Romanian society is a mature ...


PM-designate Dancila: "It's important to implement governing programme"

Prime Minister-designate Viorica Dancila stated that it's important to put into practice the governing programme, but also 2018- the Centennial Year and prepare to take ove...

1 Comment

Iohannis: Romania's progress bound to stable legislation able to punish abuses

Romania's progress is inseparably bound to a coherent, stable legislation able to punish abuses and dishonesty, said President Klaus Iohannis, pointing out that the governm...


Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Ro...