AFI Europe to expand PRS segment with new EBRD loan

Business Forum
The European Bank for Reconstruction and Development (EBRD) is providing a regional loan of up to €120 million to AFI Europe to support its development pipeline in Serbia, Poland, Romania, and Czechia. 

This financing aims to facilitate AFI's expansion of its modern portfolio of residential and commercial properties across CEE.

A key focus of this initiative is sustainability, with all buildings financed under the loan required to achieve high-level sustainability certifications, aligning with the EBRD's Green Economy Transition approach. 

Furthermore, AFI has committed to implementing a comprehensive Corporate Climate Governance action plan, with the support of the EBRD, ensuring alignment with the upcoming EU Corporate Sustainability Reporting Directive.

Vlaho Kojakovic, EBRD Head of Real Estate, said: “AFI Europe has already established itself as a key player in the private rented sector (PRS) in Poland and the Czech Republic and has introduced the PRS model to Serbia and will establish it in Romania. The EBRD's support will help expand AFI's PRS portfolio in our countries of operations and solidify its position as a regional leader in this important sub-sector.”

Anat Dafna, AFI Group CFO, added that the financing is designed to boost the liquidity of the developer. 

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