AFI Europe has started the development of its first Romanian retail park in Arad. The scheme will comprise 29,400m² and has already reached an occupancy rate of 70%. The new project will join AFI Europe’s retail portfolio which already includes three large scale shopping centres in Bucharest, Brasov and Ploiesti. AFI Arad will open in the second half of 2023 and has already attracted a mix of tenants that includes hypermarkets, electronics and fashion retailers.
“Before long, we will invite the city’s residents to take part in a modern shopping experience in a retail park that brings top brands and the most attractive leisure spaces,” commented Doron Klein, CEO of AFI Europe.
