AFI Europe, which is a wholly owned subsidiary of the Company, is a leading real estate development and investment company operating in Central and Eastern Europe and focusing on the development of large-scale commercial and residential projects.
Its diversified portfolio consists of shopping malls and retail properties, business parks and office complexes, and large-scale residential and mixed-use developments.
These projects and properties are located in Bulgaria, Czech Republic, Germany, Hungary, Latvia, Poland, Romania and Serbia.
AFI Europe benefits from the combination of its income-generating properties and the potential for further growth through the development of additional projects on its already owned land-bank.
In addition, the on-the-ground presence of its multidisciplinary teams of highly-skilled professionals, and its ability to attract and retain high caliber tenants, including reputable multinational corporations and retailers, are major pillars of AFI Europe’s continuous success.
AFI Europe’s in-depth knowledge of the real estate market, and its comprehensive acquaintance with the local business environments, enable AFI Europe to diligently manage all aspects of the project development process from inception to completion: identification and evaluation of opportunities, land acquisition, full project planning, budgeting and phasing, obtaining regulatory permits, attracting bank financing for project development, construction management, in-house marketing and sales operations, professional project management, and value-added asset management. To AFI Europe website.