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AFI Europe Poland Announces Dynamic Growth and Future Plans
AFI Europe Poland is developing sustainable, long-term investments that benefit both investors and local communities. Long-Term Investment Strategy focuses on three main areas: rental apartments (PRS), offices, and mixed-use projects.
Between 2022 and 2024, AFI launched five Private Rented Sector (PRS) projects, adding 746 apartments in Warsaw and Kraków. By the end of the year, they aim to have nearly 1,700 units, including a new market in Wrocław.
The company manages nearly 70,000 sqm of office space in Kraków and Warsaw. They are modernizing existing buildings and introducing new amenities to enhance employee comfort. A significant new office project, the Office House, is set to open in Warsaw by spring 2025.
AFI is actively involved in large-scale, multi-use developments. Key projects include the Towarowa 22 in Warsaw, and the Bohema project, which revitalizes a historic site in Warsaw’s Praga district. Both projects aim to blend residential, commercial, and public spaces while preserving historical and cultural elements.
Immofinanz sells office project in northern Bucharest
Austrian real estate group Immofinanz, part of CPI Property Group, has sold its office complex Iride Park in northern Bucharest for around €45 million. The deal comes less than one week after AFI Europe Romania announced the purchase of another office building in central Bucharest from Immofinanz for around €27 million.
The buyer is a group owned by Romanian entrepreneur Alin Niculae, the founder of Alfa Group, which includes the fuel distribution company Oscar and real estate companies Akcent Development and Exigent Development.
Logicor makes large land purchase in Eastern Bucharest
Logistics developer Logicor has purchased a land plot spanning 4.6 hectares from toy retailer Jumbo for an undisclosed sum. The land is located in Eastern Bucharest.
“With this investment, we are strengthening our presence within the Bucharest ring road and are committed to meeting the evolving needs of the market,” says Mihai Diaconescu Director of Asset Management & Development at Logicor Romania.
The land has the permits for the development of warehouses spanning 25,000 sqm, according to Colliers Romania, which brokered the land transaction.
