AFI Palace Cotroceni rents totalled €23.85m

Last year, AFI Europe received €23.85m in rental income from its scheme AFI Cotroceni Palace, which is quite close to 2010 figures, which came in at €23.7m.
The information was published in AFI Europe’s annual report for 2011.
AFI Cotroceni Palace, which offers 76,000 sqm of leasable area, was opened in late 2009 following an investment of €300m.
The company’s portfolio was valued at the end of 2011 at €1.1 bn, €535.3m of which is stored in assets held in Romania.
AFI Europe owns 226,000 sqm of land in plots located in Bucharest, Ploiesti and Arad, where it hopes to build retail, office and residential schemes both this year and next.