Established in 2001, AFI Development is one of the leading developers in the Russian real estate market. The company focuses on developing and redeveloping high-quality commercial and residential real estate assets across the country, with Moscow its main market. The company’s existing portfolio includes commercial projects focused on offices, shopping centers, hotels, residential projects and mixed-use properties. AFI Development’s strategy is to sell the residential properties it develops and to either lease the commercial properties or sell them for a favorable return.
AFI Development’s portfolio comprises nearly 325,000 m2 of completed commercial properties and nearly 750,000 m2 in the pipeline, including nearly 500,000 m2 of sellable space in residential projects in the Moscow metropolitan area. Some key properties developed by AFI Development include the AFIMALL shopping mall, the Four Winds office complex and the Aquamarine mixed-use development.
In 2007, AFI Development was successfully admitted to the Main Market of the London Stock Exchange, and its shares have been trading on a premium listing of the London Stock Exchange since 2010.