10.02.2026
What are your company’s business targets and plans for 2026?
In 2026, we will continue to pursue an integrated development approach across our Office, Retail, and Residential divisions. A key priority will be the strategic expansion of our built-to-rent (BtR) segment, with the successful delivery of AFI Home North in 2025 and laying the groundwork for replicating this model even further.
Our objective remains to be a long-term partner and to deliver high-quality, community-centric urban ecosystems that integrate lifestyle, work, and sustainability under one vision.
What were the main business results for 2025?
The year 2025 marked a significant milestone for AFI Romania, as we successfully delivered the first phase of AFI Home North, our first Build to Rent project in Romania, finalized in April 2025 in the heart of Bucharest’s business district. Designed to meet the evolving expectations of urban living, the project offers fully furnished apartments alongside a well-integrated amenity, setting a new standard for modern, flexible housing.
Reinforcing our long-term commitment to the growth and development of our company’s projects in the country, we have secured a €537 million refinancing package for three major projects in our portfolio: AFI Cotroceni, AFI Brașov, and AFI Ploiești- marking the largest real estate refinancing transaction in Romania.
In 2025 we commenced or advanced construction on three important projects:
AFI Central Tower- the former Bancorex building, our goal being to transform this iconic property into a modern, A Class mixed use project that meets the highest standards of quality.
AFI Park Brasov 2- the 2nd phase of our office project which alongside AFI Brasov shopping center will offer a competitive mix and the best option for office spaces in Brasov.
AFI Home North A – the second building in AFI Home North project which will be delivered in Q2 2026 and will add 164 fully furnished, multiple type apartmens for rent in Bucharest’s most dynmic area.
What economic pressures or regulatory and fiscal changes do you anticipate impacting the market in 2026, and how is your company preparing for them?
Looking ahead to 2026, we expect a more balanced yet still demanding economic and regulatory environment, shaped by ongoing volatility, cost pressures, and fiscal adjustments. We are approaching this period with a strong balance sheet, market intelligence and flexibility and a focus on high-quality assets, which positions us well to manage short-term volatility while continuing to create long-term value.
What do you see as the main risks for the Romanian real estate market in 2026?
In 2026, the main risks for the Romanian real estate market relate to financing conditions, fiscal uncertainty, and continued pressure on development costs, which may affect investment activity and affordability. While these factors call for caution, we believe well-located, high-quality assets with strong fundamentals will continue to perform resiliently.
Where do you see the most attractive opportunities for growth in 2026?
We see built-to-rent as the most dynamic opportunity in 2026. With changing lifestyle patterns, increased urban migration, and a growing preference for flexibility, the Romanian market is beginning to mirror Western trends in BtR adoption. The success of AFI Home North affirms this direction, and we are actively evaluating similar developments.
Mixed-use concepts that combine residential, retail, and office functions will also continue to thrive, especially in cities that support smart urban growth.
