According to previous company statements, the construction should have started in the fall of 2011, and the investment is estimated at EUR35 million.
The unit will have a total surface of 28,000, and it is already 70% rented out, to companies such as Cora, Flanco, H&M, Reserved, New Look and McDonald’s, AFI Europe said in a statement Thursday.
AFI Palace Ploiesti is the first project started by AFI Europe in Romania this year.
AFI Europe is part of the Africa Israel group, which is active in real estate development since 1997.