“The construction of the first building has already begun this year and will be completed in July 2012. The building will provide 11,000 sqm GLA (gross lettable area), divided on 10 floors. (…) The first phase comes with 173 underground parking places for the employees, while the clients and visitors are welcomed to also use the large mall’s parking lot, which offers 2,500 parking places,” the company said Tuesday in a news release.
AFI Business Park is developed near the AFI Palace Cotroceni mall, AFI Europe’s sole complete project in Romania, which was launched at the end of 2009 following an investment of EUR300 million.
The office project will have a total surface of 70,000 sqm, while AFI Business 1 is the first of five buildings AFI Europe Romania intends to develop over the next five years.
AFI Europe is part of the Africa Israel group, active in realty development and investment since 1997.