AFI planning to buy NEPI’s Romanian office portfolio

AFI planning to buy NEPI’s Romanian office portfolio

Published at: 2019-07-18 09:00 | Author: CIJ Romania
AFI Europe is planning to buy NEPI Rockcastle’s Romanian office portfolio, which has an estimated worth of about €309m, according to local news reports. AFI has signed a letter of intent and will begin due diligence of the four office buildings before finalizing the sale, which would make AFi the second biggest office landlord in Romania behind Globalworth. The NEPI portfolio includes Floreasca Business Park, City Business Centre Timisoara, The Lakeview Bucharest and Victoriei Offices. A fifth property, The Office in Cluj-Napoca, was acquired by Dedeman for €120m. The asset was co-owned by Ovidiu Sandor.

Similar Stories:

Slovenian construction grows 14.4% in H1 2019
Slovenia's construction sector output rose 14.4 percent in the first half of 2019, co  »
Bulgarian companies are dominating at the real estate investment market
Bulgarian investors were responsible for 59 percent of the real estate investment transact  »
Bryan Wilson to lead Investment Panel at CEDEM 2019
Bryan Wilson (Wilsons) will be taking part in CEDEM 2019, which takes place on Sept 25 thi  »
Hungarian property prices top €3,100 per sqm in H1
The number of housing properties that sold for more than €3,100 per sqm during the first  »
Czech Republic  ♦  Hainc : Prague needs density
CIJ: In 2016, the Metropolitan plan was in chaos. The head of the plan had been fired and   »
And it’s not just shift workers to man the machines and assembly lines and to stack good   »
Czech Republic  ♦  It‘s Prague 4 vs. The World
Prague 4 appears to have done away with formalities and diplomatic language and made it cl   »
This reflected economic and political reality, as the country is being pulled in differing   »