All buildings financed by this loan will achieve high sustainability standards, which is fully in line with the EBRD’s objectives to support the transition to a green economy. AFI Group has committed to developing a comprehensive plan to enable it to meet the requirements of the upcoming EU Directive on Corporate Sustainability Reporting. This will strengthen its long-term strategy focused on environmental protection, social responsibility and good governance.
“We are delighted to be working with the EBRD. This new financing confirms our commitment to sustainable development while strengthening our financial stability. Thanks to this cooperation, we can further expand our portfolio in Central and South-Eastern Europe, particularly in the office and rental housing sectors,” said Anat Dafna, AFI Group CFO.
“We are very pleased to support AFI in its further expansion. This financing underlines our commitment to supporting sustainable development, helping companies adapt to changing regulatory frameworks and promoting high environmental standards in the real estate sector. AFI Group has already built a strong position in the rental housing sector in the Czech Republic and Poland, has introduced this model in Serbia and now plans to expand it to Romania. The EBRD’s support will help AFI significantly expand its existing portfolio and consolidate its position as a regional leader in this segment,” said Vlaho Kojakovič, Head of Real Estate at the EBRD.
AFI is the largest provider of rental housing in the Czech Republic, operating almost 900 units in four residences in Prague under the AFI Home brand. These projects – AFI Home Kolbenova with 640 apartments, AFI Home Karlín with 171 apartments and AFI Home Třebešín with 61 apartments – are fully occupied, which confirms the high demand for modern rental housing with quality services in the metropolis. AFI is currently expanding its portfolio with two more projects, namely AFI Home Nová Elektra with 291 apartments under construction and AFI Home V Koryty, where a total of 519 apartments will be built.
Cooperation with the EBRD represents a significant impetus for the company's further growth and consolidation of its position as a leader in the field of residential real estate not only in the Czech Republic, but also in the entire Central and Eastern European region.
