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AFI borrows from Leumi

05 January 2018

AFI borrows from Leumi
Around 20,000 sqm is to be developed in AFI Tech Park
ROMANIA AFI Europe has signed a financing agreement of EUR 22 mln with Bank Leumi Romania for the development of phase 1 of AFI Tech Park in Bucharest.
AFI Tech Park is a 56,000 sqm gla class ‘A’ office development, which is to be developed in three stages. The first 20,000 sqm stage will be delivered in Q2 2018 and will include 2,000 sqm of retail. Eventually the project will comprise two nine-storey buildings and an office tower with 14 floors, surrounded by over 5,000 sqm of green space. “AFI Europe has an excellent long term and strategic relationship with the banks for financing projects and we are glad to have, once again, Bank Leumi as our partner for phase 1 in AFI Tech Park, a project through which we plan to open a new zone for office development in Bucharest. The fact that the Park is located in downtown Bucharest and not in city outskirts provides the park the unique advantage sought after by multinational companies in Romania,” said David Hay, CEO AFI Europe Romania. The total investment for AFI Tech Park 1 is over EUR 30 million and the project is LEED pre-certified with a rating of ‘Platinum’.

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