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EUR 22 M loan from Bank Leumi for AFI Tech Park phase 1 financing

AFI Europe Romania has signed a financing agreement of EUR 22 million with Bank Leumi Romania for the development of phase 1 of AFI Tech Park, the newest business park the company is currently developing in Bucharest, a press release informs.

AFI Tech Park is a 56,000 sqm GLA of Class A offices, developed in 3 phases and targeting companies from the FMCG, Automotive, IT&C, BPO and shared services markets, seeking to upgrade their facilities to a new Class A offices.

The first phase of the project will be delivered in Q2 2018, offering 20,000 sqm GLA office space and 2,000 sqm of retail area, including the already signed tenants World Class fitness club and 1 minute.

The project is developed close to the city center, in proximity to the JW Marriott Hotel and the Romanian Parliament and will comprise of two office buildings with GF+8 floors and one office tower of 14 floors, all surrounded by over 5,000 sqm of green areas. 

The total investment for AFI Tech Park 1 is of over EUR 30 million. Construction works for AFI Tech Park 1 are advancing on schedule, currently having already completed the skeleton structure.

 

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