AFI Palace Ploiesti shopping center almost 70% leased before construction starts (RO)

AFI Europe Romania has signed leasing contracts for 70% of the total commercial area of AFI Palace Ploiesti shopping mall, 18 months before the grand opening. Among the new tenants already signed are important local and international retail brands such as Cora, Flanco, H&M, Reserved, New Look, Arsis Vodafone, Sensiblu, Samsonite, Maxbet, Musette, Splendor, McDonalds and Pizza Dominium.

AFI Palace Ploiesti_1

AFI Palace Ploiesti is the first project to be developed by AFI Europe Romania this year.

AFI Palace Ploiesti will be anchored by Cora, one of the most successful hypermarkets chains in Romania, with a total leased area of 13,000 m².

Among the leading fashion brands in AFI Palace Ploiesti is H&M, the well-known Swedish retailer which is going to open a 1,600 m² surface store on the ground and 1st floor of the mall. H&M thus continues the excellent collaboration started with AFI Europe one year ago with the opening of its first local unit in AFI Palace Cotroceni from Bucharest.

Flanco store will be located on the ground floor of AFI Palace Ploiesti and will have a 1,200 m² leased area, while Reserved and New Look stores are located on the first floor and will measure around 500 m², each. AFI Place Ploiesti will be a fashion dedicated mall combined with unique entertainment where the customers will receive the most enjoyable shopping experience.

McDonald's, the most important restaurant network in Romania, is the first of the partner restaurants to have signed for the opening of its third restaurant in Ploiesti within the AFI Palace Ploiesti.

"We have a long waiting list of potential tenants but our main priority now is building the right tenants mix which will contribute to the success of the only modern shopping mall to be developed in the City center of Ploiesti. We are in advanced negotiations with many other important local and international retailers and we estimate to achieve an occupancy rate of 75% by the end of April," stated David Hay, CEO of AFI Europe Romania.

AFI Palace Ploiesti is the first and the only modern mall to be developed inside the city of Ploiesti – in the very city center, one of the most dynamic and stable cities in Romania. The project will include a total of 28,000 m² of leasable area on two floors supported by almost 1,000 aboveground and underground parking places.

The first floor will be a top of the line fashion Mall which will be anchored by the best and most appreciated mid to up international fashion retailers present on the Romanian market. AFI Palace Ploiesti is estimated to be delivered in the second half of 2013, with the construction commencing in the next couple of days.

Ploiesti is ranked as the second best city in Southern Romania, following Bucharest, being a major administrative, commercial, trading and cultural center. AFI Palace Ploiesti is located at the city center, along the main entrance road to Ploiesti from the North East which. The Mall will strengthen the location as the main inner city retail destination.

AFI Palace Ploiesti is the first project to be developed by AFI Europe Romania this year, f

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