Israeli group AFI Europe signed the acquisition of the Romanian office portfolio of NEPI Rockcastle for a sum of over EUR 300 million. The purchased portfolio consists of four Class A office projects in Bucharest and Timisoara, namely Floreasca Business Park (36.470 sqm GLA), The Lakeview (25.907 sqm GLA), Aviatorilor 8 (8.203 sqm GLA), and Timisoara City Business Center (47.936 sqm GLA), according to Romania-Insider.com.
This is the largest deal on Romania’s real estate market this year. Following this transaction, AFI Europe will become one of the largest office owners in Romania, with a total gross leasable area of 282,000 sqm of office space.
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