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Bucharest
February 25, 2021
BUSINESS

EUR 32 M financing for AFI Park 2 and AFI Park 3 in Bucharest

AFI Europe has signed a financing agreement totalling EUR 32 million with Banca Comerciala Romana (BCR), a member of Erste Group, for AFI Park 2 and AFI Park 3 office buildings in AFI Park in Bucharest, a press release informs. The financing includes an investment loan of EUR 17 million for AFI Park 2 office building and a development loan of EUR 15 million for the development of AFI Park 3 office building. “(…) Securing this financing will allow AFI Europe to retrieve all equity invested in AFI Park 2 which was financed by internal funds of AFI Europe, and to complete AFI Park 3 which is to be opened be the end of this year,” said David Hay, CEO AFI Europe Romania.

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