AFI Europe Romania achieved a net operating income of more than 34 million Euro after Q3
AFI Europe Romania published its Q3 and first nine months of 2016 financial results, generating a Net Operating Income (NOI) from its income producing assets in Romania of 12 million Euro in Q3 and more than 34 million Euro during the first nine months of the year. 2016-11-22 15:26:31
AFI Europe Romania commercial properties and projects under development were valued on September 30 reaching over 800 million Euro, representing an increase of 10 per cent compared to last year.
As of 30 September, AFI Cotroceni was valued at 467 million Euro, an increase of 7.6 per cent compared to last year. Currently the shopping mall is ongoing expansion works adding 6,500 sqm of GLA following which a new valuation process shall be performed.
AFI Properties, the parent company of AFI Europe, has published its Q3 and first nine months of 2016 financial reports, registering a NOI of 57 million Euro, similar to last year results though including the sale of several assets parallel to increased NOI performance from new and existing projects. AFI Properties registered a profit of 60 million Euro representing an increase of 30 per cent and an 8 per cent increase in income to 122 million Euro compared to first nine months of 2015.
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