AFI Europe is a real estate investment and development company operating in Central Eastern Europe (CEE) and South Eastern Europe (SEE), with a focus on the development of large scale commercial and residential real estate projects. Since commencing operations in 1997 as a division of the Africa Israel Group, AFI Europe has established a track record of developing and managing real estate projects and properties in these regions, and its activities include the identification and evaluation of opportunities, preparation of designs, securing permits, purchase of land, and construction management, followed by the operation of commercial properties, or sale of apartments in the residential projects.
AFI Europe’s portfolio presently consists of 32 projects and properties:
10 commercial projects which are yielding and under management. These projects include shopping malls and commercial centres, office complexes, business parks and a logistics facility.
7 developed residential projects with apartments for sale and adjacent plots for commercial development.
15 land bank properties, as well as additional land plots adjacent to some of the commercial and residential projects mentioned above. These properties are designated for future development.
In addition, AFI Europe manages and holds a stake in a portfolio of 34 properties located in various cities in Germany.
AFI Europe’s local operations benefit from a combination of experienced senior management working together with local directors and professional teams, who have in-depth knowledge of the local real estate market. This cooperation results in highly tailored projects designed specifically for unique local preferences. Having won numerous awards for the quality of its property development, AFI Europe’s projects are well regarded among the various industry stakeholders, including high caliber office tenants and recognized multinational retailers.
AFI Europe is part of the AFI Group – one of Israel’s largest real estate, construction and infrastructure corporations, which has been engaged in real estate development since 1934 and is a developer of large scale properties in Russia and the CIS, the United States and Israel. This allows AFI Europe to benefit from the substantial know how, methodology and human capital of the group.