Record refinancing signals strong market confidence

 

AFI, a leading real estate developer in Romania, has successfully secured a monumental €537 million refinancing package, marking the largest real estate refinancing transaction in the country's history. This significant financial backing, provided by a consortium of esteemed banks including Erste Bank, Banca Comercială Română SA, Raiffeisen Bank SA, Raiffeisen Bank International, and Unicredit Bank SA, highlights the profound confidence financial partners place in AFI's robust portfolio and the vibrant potential of the Romanian market. For businesses seeking stable and high-quality commercial spaces, this move by AFI underscores a powerful commitment to long-term development and operational excellence.

 

Premier Class A office spaces now available

 

This landmark refinancing specifically targets three major projects: AFI Cotroceni, AFI Brașov, and AFI Ploiești, which are set to redefine the standards of modern business environments. These projects offer unparalleled opportunities for companies looking to establish or expand their presence in strategic Romanian cities.

 

AFI Cotroceni & AFI Loft: Bucharest's newest gem

 

At the heart of Bucharest, AFI Cotroceni includes AFI Loft, a state-of-the-art Class A office project spanning 15,400 square meters. Notably, AFI Loft stands as the only new office building delivered in Bucharest in 2024, offering businesses access to prime, modern facilities in a highly sought-after location. Its completion signifies AFI’s dedication to meeting the evolving demands of the capital’s commercial landscape.

 

AFI Brașov & AFI Park Brașov: expanding in a key regional hub

 

Further enhancing Romania's regional business hubs, AFI Brașov features AFI Park Brașov, another expansive Class A office development covering 27,500 square meters. With its second phase currently under construction, AFI Park Brașov provides an excellent opportunity for businesses eyeing growth in a dynamic city known for its robust economy and skilled workforce. The ongoing expansion demonstrates AFI's commitment to fostering regional economic development.

 

Strategic expansion across Romania

 

Beyond these flagship projects, AFI's strategic reach extends across Romania. Earlier this year, the developer also secured an additional €173 million in refinancing for four other key office projects: AFI Park Timișoara, AFI Lakeview, AFI Park Floreasca, and AFI Victoriei Plaza, alongside a residential project. This comprehensive approach ensures that businesses across various regions can find modern, well-connected office solutions tailored to their needs.

 

Partner with a financially robust developer

 

As emphasized by Doron Klein, Deputy CEO of AFI Group and CEO of AFI România, the confidence shown by financial partners is a testament to AFI's strong market position and the promising outlook for the Romanian real estate sector. For businesses, partnering with a developer like AFI, backed by such substantial financial endorsements, means investing in stability, quality, and a future-proof commercial environment. This record refinancing not only secures AFI's position as a market leader but also opens up new avenues for businesses seeking premium office spaces in a thriving European market.

 

Source: economica.net