BUSINESSCOMPANIESNEWS

AFI Europe – Dedeman transaction fails

By Anca Bernovici
0

Get real time updates directly on you device, subscribe now.

Israeli’s AFI Europe and Paval brothers, owners of Dedeman, Romania’s biggest DIY retailer, have agreed to cancel the sale transaction of the office buildings AFI Park 1-3, as a press release informs.

Following the announcement a few days from Dedeman of its intention not to advance with the purchase of office building AFI Park 4&5, which were actually not under a binding agreement, both parties have agreed to retreat and to cancel also the purchase agreement of AFI Parks 1-3, in order to enable AFI Europe to continue and operate all the buildings in the park as a complete office complex.

“Following the discussions that were conducted between the sides, it was mutually agreed for the annulment of the deal,” the release reads.

The transaction, initially estimated at EUR 164 million, exponentially decreases and loses the status of the largest sale in the Romanian market history.

AFI Park is a business park located adjacent to the successful shopping mall AFI Cotroceni and includes 5 office buildings with a total leasable area of 70,000 sqm GLA, which are fully leased.

AFI Park line-up of tenants includes: Microchip Technology, Electronic Arts, Endava Romania, Cameron US, SII Romania, ORTEC Central & Eastern Europe, FotoNation, Telus International, Veeam Software, SecureWorks and more. All AFI Park buildings are green buildings having LEED Gold Certification.

 

DONATE: Support our work
In an ever changing and challenging world, the media is constantly struggling to resist. Romania Journal makes no exception. We’ve been informing you, our readers, for almost 10 years, as extensively as we can, but, as we reject any state funding and private advertising is scarce, we need your help to keep on going.
So, if you enjoy our work, you can contribute to endorse the Romania Journal team. Any amount is welcome, no strings attached. Choose to join with one of the following options:
Donate with PayPal
Donate by Bank Wire
Black Zonure SRL
UniCredit Bank. Swift: BACXROBU
RON: RO84 BACX 0000 0022 3589 1000
EURO: RO57 BACX 0000 0022 3589 1001
USD: RO30 BACX 0000 0022 3589 1002

Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

You might also like More from author
Leave A Reply

Your email address will not be published.