Sorin Scintei attended the University of Haifa and worked in the hotel industry for Africa Israel group, the owner of AFI Palace Cotroceni. He returned to Romania at the beginning of 2009 to run City Park mall in Constanta, developed by Israel’s Neocity and acquired by NEPI for EUR81 million in 2013. He then became general manager of the still under construction Mega Mall, but kept his position with City Park, as well.
The appointment of Sorin Scintei to the helm of the AFI Palace Cotroceni comes after David Hay, chief executive officer of AFI Europe Romania became interim manager of AFI Palace mall division.
“When we appoint someone to run AFI Palace Cotroceni we will publicly announce it,” said David Hay, who took over as manager of the malls from Israel Vizel. Vizel had run the local mall division of AFI for eight years and supervised the development of AFI Palace Cotroceni.
AFI Palace Cotroceni is one of the largest malls in Romania by revenue, as sales of its tenants amount to about EUR200 million a year.
AFI Europe posted about EUR20 million net operating revenue in the first half and AFI Palace Cotroceni contributed three quarters of that, EUR15.2 million.
(English version by Loredana Fratila-Cristescu)