AFI Cotroceni Retailers' Sales Exceed EUR200M In 2013

The sales of retailers hosted by AFI Cotroceni shopping mall rose last year at the same pace as the retail market, namely between 5% and 6%, Israel Vizel, manager mall division AFI Europe, told Mediafax.

Thus, according to Mediafax calculations, the sales of retailers hosted by the shopping mall exceeded EUR200 million in 2013.

Vizel added that the shopping mall also forecasts a sales growth in 2014, given this year’s plans.

AFI Cotroceni has a lettable area of 80,000 square meters and was opened in November 2009, following an investment of over EUR300 million.

In 2012, the shopping mall’s sales rose by 14% in lei (9% in euros) to EUR196 million.

AFI Cotroceni was the first project of Israeli real estate developer AFI Europe in Romania.

The company opened a shopping center in Ploiesti city last year, with a lettable area of 33,000 square meters, following EUR50 million investments and might start the works at its third shopping mall, in the capital city Bucharest, in 2014.

AFI Europe develops and manages retail and realty projects in Romania, the Czech Republic, Serbia, Poland, Bulgaria, Germany and Latvia.