Saturday, 15 March 2025
AFI Europe has entered into a long-term partnership with Czech real estate company FINEP to expand rental housing in Prague. Under the new framework agreement, AFI Europe plans to purchase up to 1,728 apartments across five key locations in the city: Barrandov, Opatov, Západní Město, Harfa, and Poděbradská. This collaboration builds on the companies’ previous successful projects and aims to address the high demand for affordable rental housing in the Czech capital.
“Rental housing is essential for housing affordability in Prague,” said Tomáš Pardubický, CEO of FINEP. “Although selling properties for ownership may be more lucrative right now, the development of a strong rental stock is crucial for long-term market stability.”
Doron Klein, Deputy CEO of AFI Europe Group, emphasized the strategic importance of the agreement. “This partnership with FINEP is a key step in expanding our rental housing portfolio, not just in Prague but across the Central and Eastern Europe (CEE) region. We’re committed to delivering quality, accessible housing in fast-developing areas like Barrandov and Harfa.”
Construction of the first units is set to begin between 2025 and 2026, with homes expected to hit the market by 2027 and 2028. The apartments will vary in size, averaging 55.3 square meters, and range from smaller 50-unit buildings to larger developments exceeding 500 units.
Both companies stressed that their collaboration is built on mutual trust and respect, which they see as critical to meeting Prague’s housing challenges.
