Under Hay’s management, AFI Europe Romania became one of the leading players on the Romanian real estate market. The company doubled its net operating income to EUR50 million and new projects were developed and completed, among which shopping mall AFI Ploiesti and the five AFI Park office buildings.

Three projects currently are under different stages of development, such as the mixed-use projectt AFI Brasov, which includes office spaces and a shopping mall, the first building of the AFI Tech Park project in Bucharest and the first 200 apartments of residential compound AFI City.