AFI Europe Romania concluded a new lease agreement for AFI Tech Park Business Campus. The new tenant is LS Travel with their concept store “1 Minute”, which leased a space located on the ground floor of AFI Tech Park 1. This is the second tenant secured for AFI Tech Park, after World Class.
1 Minute is a fresh food convenience store concept, part of the French group Lagardère Travel Retail. The store will offer to its customers products prepared in its own locations (sandwiches, salads and pastries), but also complementary products – coffee, soft drinks, sweets, newspapers and tobacco. With the new store in AFI Tech Park, 1 Minute will reach to 30 units in Romania.
A service AFI is providing to the tenants in Tech Park is a 400 sqm conference hall to be shared by the tenants in the park.
Construction works for AFI Tech Park 1, the first phase of the complex, are advancing on schedule, currently having completed the skeleton structure. The first office building, consisting of 22,000 sqm GLA spread over 8 above ground floors, will open in Q2 2018, offering both office space and retail area.The investment for this stage of the project is of over EUR 30 million.
The entire AFI Tech Park project will offer 56,000 sqm GLA of Class A offices, comprising of two office buildings with GF+8 and one office tower of 14 floors, all surrounded by over 5,000 sqm of green areas.
AFI Properties is a member of the AFI Group, an international holdings and investments conglomerate with subsidiaries that engage in real estate, construction, infrastructure, industry and hotels (www.afigroup-global.com).
The company is active in the income producing and development property market since 1971. AFI Properties has been listed on the Tel-Aviv stock exchange in 2004. The company has been active in Europe since 1997 through its subsidiary AFI Europe mainly in the CEE markets.
AFI Europe, a subsidiary of AFI Properties, is one of the leading real estate development, management and investment companies, which is operating in Central and Eastern Europe since 1997.
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