AFI Europe signed a non-binding letter of intent for the acquisition of NEPI Rockcastle’s office portfolio in Romania, with a total built area of around 170,000 sqm. AFI Europe will have exclusivity to conduct a due diligence in respect of the Class A office buildings with a total value of about €310 million.
“The letter of intent for the purchase of NEPI’s portfolio is in line with our long-term strategy of development. Besides the real-estate projects that we have developed, we are also an investment company, always looking for new opportunities on the market,” said Doron Klein, CEO of AFI Europe in Romania and Czech Republic.
Upon the successful completion of the due diligence process and subject to other specific conditions, the two parties will decide upon the next steps.