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(photo credit: Courtesy Photo)
AFI Europe, a development and investment firm based in Yehud, announced Sunday that it has signed a letter of intent to acquire a 54-dunam property in Sofia, Bulgaria for Euro 70m.
AFI Europe, a member of Africa Israel Investments Group, has stepped up business activity in more European countries. AFI will have an equal share in the project with a foreign investment company.
The proposed development will include a commerce center and office space. The acquisition in Bulgaria follows five acquisitions in central Europe from BSR Europe as well as a large portfolio in Germany.