Lev Leviev’s development business: 25 years on the real estate market

November 23 06:38 2021

AFI Development, Lev Leviev’s company, also known as AFI Group, is a prominent and promising player in the global real estate market. Lev Leviev’s business, previously operating only in Israel, has expanded into new commercial niches in the US, Europe, and Russia.

AFI Development celebrated its 20th anniversary as one of the vital Russian developers in 2021. And in 2020, a government commission included the company in the list of backbone organizations of the Russian construction industry – the list included 54 significant players in the domestic real estate market.

Let us find out how Mr. Leviev managed to reach such heights in the development business and find out how AFI Group is developing today.

The road to development business: Lev Leviev in the past and now

Lev Leviev’s entrepreneurial career started with a diamond business and quickly became a significant player in the diamond industry. This experience gave him the necessary knowledge and resources to take over Africa Israel Investments in 1996. Since then, Lev Leviev’s commercial interests have manifested themselves in various sectors.

Gradually Lev Leviev’s leading company became AFI Group. The holding developed in several directions at once: retail, industry, entertainment, and tourism. However, the main profile of Lev Leviev’s business is real estate development, investments in real estate, construction, and infrastructure.

The Group operates in these markets through its subsidiaries:

• AFI Development – the leading real estate development company in the Russian Federation, which carries out large-scale construction projects in metropolitan areas.

• AFI USA – engaged in exclusive residential properties and investment real estate in New York, Miami, Los Angeles, Phoenix, and Las Vegas.

• AFI Europe is a developer of residential and commercial properties in Germany, Latvia, Hungary, Poland, Bulgaria, Romania, Serbia, and the Czech Republic;

• Africa Israel Residences – works with significant projects in Israel: construction of shopping centers, schools, parks, cultural and sports facilities;

• AFI Properties – constructs office and commercial buildings all over the world;

• Danya Cebus – specializes in construction and the supply of building materials.

The entrepreneur invests his own money in business and charity, which has brought him worldwide recognition. Mr. Leviev is active in the Federations of Jewish Communities of Russia and the CIS, setting up educational institutions, kindergartens, free canteens, and other socially significant facilities. And the holding company’s work is paying off: Lev Leviev’s net worth as of 2018 is $1 billion (Forbes data).

AFI Group is an international business

AFI Israel Investments was founded in 1934 by Jewish investors, initially involved in real estate and infrastructure development in Yishuv and later in Israel (since the creation of the State). It was one of the first companies to float on the Tel Aviv Stock Exchange.

Mr. Leviev took the holding company to an international level and started the real estate business in Israel and worldwide.

During the 25 years under Lev Leviev’s leadership, the company has achieved notable results:

• Large-scale projects such as AFI Cotroceni shopping center in Bucharest, Airport City commercial district in Belgrade, Atrium Flora shopping center in Prague, numerous residential and hotel projects.

• It became a socially beneficial business providing hundreds of thousands of jobs around the world.

AFI Development achievements and plans

AFI Development is one of the most successful holding companies, widely known in Russia and recognized as significant at the federal level. Its portfolio includes modern residential developments with infrastructure, hotels, sanatoriums, businesses, and shopping centers. Among the latter is Afimall City, which has become one of the most attractive investment projects in Europe in recent years. The total area of the completed projects as of 2021 was 1.2 million m², with another 1.5 million m² under construction.

Lev Leviev and AFI Development plan to build the city of the Future. This large-scale complex will include:

• AFI Park Vorontsovsky – a residential complex with comfortable flats, security systems, and social infrastructure.

• AFI Tower – a co-living house with restaurants, SPA-zones, co-working rooms, laundry, and cleaning services.

• Lilac Park is a partially completed complex with residential facilities, three kindergartens, a school, and an office and retail center for 1,500 workplaces. Soon, there will be boulevards, green areas, playgrounds, and sports grounds.

Thus, there is every reason to believe that such a large-scale and socially beneficial Lev Leviev’s business will continue to flourish and develop in Russia and elsewhere.

Media Contact
Company Name: AFI Development
Contact Person: Ekaterina
Email: Send Email
Phone: 84957969988
Country: Russian Federation
Website: www.Afi-development.ru