AFI Europe invests EUR 30 million in AFI Palace Ploiesti

AFI Europe takes EUR 30 million from Raiffeisen Bank International Group for its project AFI Palace Ploiesti

AFI Palace Ploiesti is set for opening in October 2013 and by the time it is completed, the commercial center will deliver over 100 international brands and a rentable area of 28,000 sqm. The mall will be also provided with over 1,000 parkins spaces  and underground.


According to David Hay, CEO AFI Europe Romania, „AFI Europe runs a long partnership with Raiffeisen Group in CEE region” and underlined the comittment to open the mall in October 2013. Also, Cristian Sporis, VP Corporate Banking of Raiffeisen Bank stated that the partnership between the bank and the mall developer reaches over 6 years.


The construction at the mall started in May this year, according to the developer. In Romania, AFI Europe develops also the office compound linked to the Bucharest-based mall AFIPalace Cotroceni. For this year, the company also plans to deliver the retail park AFI Palace Arad and the mall AFI Palace B.NOI.