In January-September, AFI Palace Cotroceni reported a net operating income of EUR23 million, up 4% compared with the same period a year before.
On September 30, the shopping center was evaluated at EUR434 million, up 8.2% on the year, while occupancy rate stands at 99%.
AFI Palace Cotroceni retailer’s sales, excluding the hypermarket, increased by 7.3% in the third quarter and by 7.4% in the first nine months of 2015 compared to the same periods last year.
AFI Palace Ploiesti net operating income stood at EUR3.2 million in the first nine months, up 7% on the year. Retailers’ sales rose 28% in July-September and 23% in the first nine months, compared with the corresponding period a year earlier, while occupancy rate exceeds 99%.
On September 30, the shopping center was evaluated at EUR67.7 million, compared with EUR66 million last year.
AFI Europe Romania portfolio currently includes a rentable area of 150,000 square meters, with an average occupancy rate of over 98%, according to David Hay, CEO AFI Europe Romania.
AFI Europe Romania registered a net operating income of EUR10.2 million in the third quarter of 2015. In the first nine months, the company registered a net operating income of EUR30 million up 8.2% on the year, the company said in a statement.
The total value of AFI Europe Romania finalized projects – shopping centers AFI Palace Cotroceni and AFI Palace Ploiesti and the first three buildings of office building AFI Park – rose to nearly EUR600 million on September 30, 2015.