AFI Europe, a real estate investment and development company operating in Central Eastern and South Eastern Europe, has sold its Tulipa Vokovice project in Prague in the Czech Republic to the Daramis Group.

AFI Europe, a real estate investment and development company operating in Central Eastern and South Eastern Europe, has sold its Tulipa Vokovice project in Prague in the Czech Republic to the Daramis Group.

The sale concerned a plot of land designed for residential usage. AFI Europe is part of the Africa Israel Group (AFI Group) - one of Israel’s largest real estate, construction and infrastructure corporations. AFI Europe is looking to expand its portfolio mainly by developing its existing land bank for commercial and residential purposes.

International law firm Salans advised AFI Europe on the sale.