AFI Park 1
AFI Park 1 linked to AFI Palace Cotroceni Shopping Mall, is featuring the biggest mixed use complex of retail and offices in Romania and one of the biggest in Europe. The complex enables the most convenient business and personal lifestyle the IT generation (“Generation Y”) is looking for; a work environment which meets their lifestyle and needs, an all in one efficient, time saving immediate location. Tenants, clients and visitors enjoy the best international fashion chains, 3 full menu restaurants, Steak House, Italian, Lebanese, and 15 fast food restaurants such as: Nordsee, Pizza Hut, Wu Xing, McDonald’s, KFC, Gyros, Italian, Chopstix, 6 coffee shops such as: Starbucks, Gloria Jeans, Paul Bakery, Café Zodiac, SegaFredo, a 2,000sq/m gym, dry cleaning, 4 banks (Raiffeisen, BRD, Credit Europe open till 10pm every day and Leumi Bank Branch located in the office building) and the “Real” hypermarket that is open 24 hours a, 363 days a year.
Clients and visitors are welcomed to the Mall’s parking lot, which offers 2,500 parking places in addition to two levels of underground parking to serve each building.
AFI Palace Cotroceni Office
AFI has currently available another 360 sq. m office space situated in AFI Palace Cotroceni.
AFI Palace Cotroceni Office is a very elegant office space, located on the second floor (but with a seperate entrance) of AFI Palace Cotroceni Shopping Mall, which is the biggest mixed use complex of retail and offices in Romania and one of the biggest in Europe. The office space has luxury finishing: marble floor, glass partitions, reception desk, individual kitchen and private toilets and all the facilities. The visitors and employees can benefit of the undergroung parking of the mall which enclose 2,500 parking places.
AFI Park1 is easily accessible through a variety of public transportation. The project is served by 1 existing metro line M3 with a nearby Metro/Subway station of Politehnica which is located only 250 meters from the project. In 2 years time, the project will be served by the new M5 line, Drumul Taberi- Pantelimon metro line which is currently under construction with another metro station “Orizont” to be located 250 from the project.
In addition, 12 different bus and tram lines that are serving the park.
The recent opening of Basarab Bridge has improved the traffic flow connecting the park directly to the key points of Bucharest through the Piata Victoriei intersection.
AFI Park 1, part of the complex AFI Park 1-5, announces the renewal of the lease agreement with Microchip Technology and the extension of the rented office space with 1,200 sqm. Currently, AFI Park buildings 1-5 have an occupancy rate of 100%.
Two weeks before being delivered, AFI Park 4&5 reached a 50 percent occupancy rate, real estate developer AFI Europe Romania announced. This means that 16,000 sqm have been pre-leased of the total surface of the towers.
Israeli group AFI Europe, controlled by the businessman Lev Leviev, is analysing the selling of the office buildings developed near AFI Palace Cotroceni mall in Bucharest, but is expecting the institutional investors entry on the local market, which are able to pay higher prices compared to current opportunistic funds active in Romania.
Real estate developer AFI Europe, controlled by the Israeli billionaire Lev Leviev, started few weeks ago the works at the buildings four and five of the office project AFI Park, built in the vicinity of the commercial centre AFI Palace Cotroceni in Bucharest, buildings involving an investment f approx. EUR 50 million, according to ZF estimations.
Transactions involving office spaces in Romania’s capital city Bucharest exceeded 300,000 square meters in 2013, the highest volume reported in the last six years, with one third of the transactions closed by IT&C companies.
AFI Europe has signed the largest and most significant lease contract of this year in Romania. The entire AFI Park 2 office building, which is currently under construction, was leased to the leading IT company Electronic Arts. AFI Park 2, with built up area of 20,000 sqm and a gross leasable area of 12,200 sqm, is the second out of 5 office buildings of the AFI Park office development situated next to the prestigious AFI Palace Cotroceni shopping mall.
AFI Europe started the construction of the third building in Bucharest AFI Park complex, scheduled for delivery in November next year, accelerating the development as more and more international companies are aiming Romania for relocation of their It departments, according to David Hay, company’s head in Romania.
The eighth annual EuropaProperty SEE Real Estate Awards, which highlighted some of the best and most accomplished companies, projects and professionals for 2012, continued to give the SEE region reason to cheer by giving away an impressive 35 awards.
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