AFI Europe, a unit of Israeli conglomerate Africa Israel Investments, will implement several large-scale real estate projects in Bulgaria in a bid for the market-leading position, the head of the local office said, Dnevnik a.m. reports. The company's pipeline features several residential projects in Sofia, including a scheme with 1,114 apartments of which 644 will be delivered within 18 months.

AFI Europe recently bought the owner of a plot of land and office buildings in Varna.

It has also acquired from an unnamed foreign investor a 75% stake in a logistics park scheme near the Plovdiv airport.

The facility will offer 160,000 sq m of contemporary storage space.