The company’s projects and plots of land are evaluated at EUR670 million, AFI Europe representatives said.
AFI Palace Cotroceni shopping mall in Bucharest, the company’s largest and most important asset, generated total revenue of EUR37.5 million.
The shopping mall was valued at EUR401 million in September, up 7% compared with September last year.
AFI’s retailer’s sales, excluding the hypermarket increased by 5% in 2014 and by 9% during the last quarter of 2014 compared to the same periods last year.
In 2013, the company announced that sales of retailers in the shopping mall totaled EUR204,4 million, thus, last year, sales reached almost EUR215 million.
AFI Palace Cotroceni also showed stable results in shoppers’ footfall (visitors to the mall), with an average of 52,000 visitors per day. Current occupancy rate is over 98%.
AFI Palace Ploiesti net operating income exceeded EUR4 million in 2014. AFI Palace Ploiesti was valued at EUR66 million in September 2014. The mall’s shoppers’ footfall remains stable at 15,000 visitors per day, while current occupancy rate is 99%.
On the office segment, AFI Park 3 was completed and handed over to its tenants in December 2014 while AFI Park 1 and AFI Park 2 generated net operating income of over EUR3.5 million. AFI 4&5 buildings are planned to be completed in the fourth quarter of 2015.