AFI Romania, controlled by Israeli investors Roni and Yehuda Naftali through Big Shopping Center, is advancing the authorization process for AFI Home Cotroceni, a mixed-use project located behind the AFI Cotroceni shopping center. The first phase of development focuses on the residential segment exclusively for rent, a niche the group is expanding locally, in the context of a forecast of an 18.5% increase in housing deliveries in Bucharest and Ilfov for 2026.<\/p>\n
The first phase of the investment will be carried out on a 9,517-square-meter plot of land, acquired in 2020 from BCR for EUR 7.4 million. The project involves the construction of a building with a height of up to 13 recessed floors, which will house 284 apartments for rent and 382 parking spaces. Commercial spaces, co-working areas, and three loft-type apartments with their own gardens will be set up on the ground floor of the building. Additionally, the structure includes two civil defense shelters in the basement, with a total capacity of 900 people.<\/p>\n
This stage is part of an extensive master plan on an adjacent plot of approximately 4 hectares, purchased in 2018 for EUR 23 million from Broadhurst Investments. On this area, which belonged to the former UMEB factory, four other commercial buildings (offices and a hotel) and two residential buildings are planned. The total investment in land in this area exceeds EUR 109 million, adding to the EUR 78.8 million initially paid for the site of the mall and AFI Park.<\/p>\n
AFI Romania, with total assets of over EUR 1.66 billion, is consolidating its position as the third-largest office owner in the country. The company is simultaneously developing projects such as AFI Home Pipera (442 apartments for rent) and the renovation of the former Bancorex headquarters, an investment of over EUR 100 million estimated to generate annual revenues of EUR 9.3 million starting in 2028. Billionaires Roni and Yehuda Naftali, the indirect owners of the group, have an estimated fortune of approximately EUR 956 million.<\/p>\n
What is AFI Home Cotroceni?<\/strong><\/p>\n AFI Home Cotroceni is a mixed-use development in Bucharest featuring residential units for rent, office spaces, and a hotel on the former UMEB factory site.<\/p>\n How many apartments will the first phase include?<\/strong><\/p>\n The first phase of the project will consist of 284 apartments specifically designed for the rental market, along with commercial and co-working spaces.<\/p>\n Who are the investors behind AFI Romania?<\/strong><\/p>\n AFI Romania is controlled by Israeli investors Roni and Yehuda Naftali through the Big Shopping Center group.<\/p>\n","protected":false},"excerpt":{"rendered":" AFI Romania, controlled by Israeli investors Roni and Yehuda Naftali through Big Shopping Center, is advancing the authorization process for AFI Home Cotroceni, a mixed-use project located behind the AFI Cotroceni shopping center. The first phase of development focuses on the residential segment exclusively for rent, a niche the group is expanding locally, in the…<\/p>\n","protected":false},"author":0,"featured_media":119307,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2853],"tags":[5372],"thb-sponsors":[],"class_list":["post-119334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","tag-afi-romania"],"article_style_override":"on","post-style":"style2","post_via":[{"title":"profit.ro | 16.03","post_source_url":"https:\/\/www.profit.ro"}],"post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/investitii-3.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/119334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=119334"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/119334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/119307"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=119334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=119334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=119334"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=119334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}