AFI Europe signed a new agreement with NEPI Rockcastle for the acquisition of four class A office projects in Romania, with a total leasable area of 118.500 square meters.
The value of the transaction amounts to 290 million euros, and the takeover of the portfolio is scheduled to be completed in the next four months.
What projects has AFI Europe acquired?
- Floreasca Business Park, Calea Floreasca no. 169, Bucharest, with a total area of 36,470 sqm;
- The Lakeview, Barbu Văcărescu St. no. 301-311, Bucharest, with a total area of 25,907 sqm;
- Aviatorilor 8, Bd. Aviatorilor no. 8A, Bucharest, with a total area of 8,203 sqm;
- Timișoara City Business Center, Coriolan Brediceanu Str. no. 10, Timișoara, with a total area of 47,936 sqm.
After the completion of this transaction and with the office projects under development (AFI Park Brașov and AFI Tech Park 2-3), AFI Europe will manage a portfolio of offices with a total leasable area of almost 300,000 sqm.
In the office segment, AFI Europe Romania has developed and manages AFI Park 1-5 and AFI Tech Park, both located in Bucharest, and AFI Park Brașov, in the center of Brașov, which will be opened this autumn.