Property developer AFI Europe plans expansion in Czech Republic.

By bne IntelliNews November 24, 2010
Israeli-owned real estate developer AFI Europe plans to boost investments on the local market, as part of its strategy to expand in the CEE region, the company said. AFI Europe seeks to raise EUR 100mn from its public offering on the Warsaw stock exchaneg in order to finance the expansion. AFI will invest in the construction of Classic 7 Business Park in Prague and AFI Karlin office building worth a total of EUR 22mn. The projects will be implemented by 2012.

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