The European Bank for Reconstruction and Development is providing a regional loan of up to EUR 120 million to AFI Europe to support its development pipeline across Serbia, Poland, Romania, and the Czech Republic.
The financing will enable AFI to expand its modern portfolio of residential and commercial properties across Central and Eastern Europe. All buildings financed under the loan will achieve high-level sustainability certifications, contributing to the EBRD’s Green Economy Transition approach. AFI has also committed, with the EBRD’s support, to implementing a comprehensive Corporate Climate Governance action plan, ensuring alignment with the upcoming EU Corporate Sustainability Reporting Directive and reinforcing its long-term environmental, social and governance strategy.
“We are pleased to support AFI Europe’s expansion across the CEE and WB regions, a move that aligns with the EBRD’s Real Estate Sector Strategy 2025-29,” commented EBRD Head of Real Estate Vlaho Kojakovic. “Our strategy prioritizes investments in the green transition, strengthening human capital resilience, and addressing housing and affordability challenges. This financing underscores our commitment to fostering sustainable development, equipping businesses for evolving regulatory frameworks, and promoting high environmental standards in real estate. By integrating robust climate governance and high-level green certifications, we are strengthening market resilience and accelerating the shift to a low-carbon economy. Addressing housing shortages is one of the key focuses of our strategy. AFI Europe has already established itself as a key player in the private-rented sector 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.”
“AFI is excited to begin a new partnership with the EBRD, which will enable the group to advance its strategy and continue expanding its portfolio in the region,” said Anat Dafna, AFI Group Chief Financial Officer. “This new financing enhances the Group’s liquidity position and demonstrates our commitment to sustainability. AFI is concentrating on growing its portfolio across Central and Eastern Europe, primarily in the office and residential rental segments.”
AFI is incorporated in the Netherlands and fully owned by AFI Properties Ltd, an Israeli real estate holding group listed on the Tel Aviv Stock Exchange.
The CMS law firm advised the EBRD on the deal.
