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Bucharest’s largest office transaction now off

Alex Hayes 07 August 2017

Alex Hayes

Journalist

+48 22 356 25 20
alex.hayes@eurobuildcee.com

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

Bucharest’s largest office transaction now off
Five buildings with a total of 70,000 sqm gla will not change hands
ROMANIA AFI Europe and Dedeman have agreed to cancel the sale transaction of the office buildings AFI Park 1-3.

After Dedeman announced its intention not to advance with the purchase of office building AFI Park 4&5, which were not under a binding agreement, both parties have agreed to also cancel the purchase agreement of AFI Parks 1-3, in order to enable AFI Europe to continue to operate all the buildings in the park as a complete office complex. AFI Park is a business park located adjacent to the successful shopping mall AFI Cotroceni and includes 5 office buildings with a total leasable area of 70,000 sqm gla, which are fully leased. The original deal for all five buildings was valued at EUR 164 mln.


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