Saturday, October 4, 2008

AFI Europe to Invest EU300 Million in Romania Mall, Bursa Says

By Adam Brown

Oct. 3 (Bloomberg) -- AFI Europe NV, an Israeli real- estate developer that specializes in eastern Europe, plans to spend 300 million euros ($415 million) building Romania's largest shopping mall by the end of next year, Bursa reported.

The 210,000 square-meter mall, in central Bucharest, will contain movie theaters and restaurants, as well as shops, the newspaper reported, citing Reuven Havar, the director of AFI Europe Romania.

The company, which also has properties in Hungary, Poland, the Czech Republic and elsewhere, said investments in Romania will total 2 billion euros over the next 14 years, Bursa added.

To contact the reporter on this story: Adam Brown in Bucharest at abrown23@bloomberg.net

No comments: