AFI Europe secures €120m loan from EBRD for real estate projects

Real estate developer and operator AFI Europe secured a €120 mln loan from the European Bank for Reconstruction and Development (EBRD) to boost its real estate development projects in Serbia, Poland, Romania, and Czech Republic. 

This funding will help AFI expand its sustainable residential and commercial property portfolio in Central and Eastern Europe.
Buildings funded by this loan will meet top sustainability standards, advancing the EBRD's green initiatives. AFI, backed by the EBRD, will also enact a thorough climate governance plan to comply with future EU sustainability reporting rules and strengthen its overall ESG strategy.
Vlaho Kojakovic, EBRD head of Real Estate, said: “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. Our strategy prioritises 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.”
Anat Dafna, AFI Group CFO, said: “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. 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.”