The building has 8,300 square meters of gross lettable area and is part of the AFI Brasov mixed-use project, the largest retail project to be delivered in Romania in 2020, with a gross lettable area of 45,000 square meters and two Class A office buildings.
The total investment in the retail and office space stands at some EUR148 million, the officials of the company said.
AFI Europe, the owner of AFI Cotroceni and of about 92,000 square meters of office space in AFI Park and AFI Tech Park in Bucharest, is currently expanding in Romania. It has recently acquired the office space portfolio of NEPI Rockcastle in the largest such deal in Romania ever, put at EUR307 million, which accounts for one third of the real estate investment market estimated at EUR1 billion in 2020.
(English version by Loredana Fratila-Cristescu)