AFI Development
AFI Development is a Moscow-based full-cycle real estate developer listed on the LSE, delivering residential, Class A office, retail, and light industrial projects across Russia with a 3.6 million sq.m portfolio.
- Company typePrivate
- Founded2001
- HeadquartersMoscow, Russia
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What AFI Development does
AFI Development (АФИ Девелопмент) is a Moscow-headquartered, full-cycle multi-format real estate developer founded in 2001 and listed on the London Stock Exchange (LSE:AFID), operating through its Russian operating entity OOO "AFI Rus" (ООО "АФИ Рус") and Cyprus-registered holding AFI Development Plc. The company develops residential, office (Class A), retail-entertainment, industrial, hotel, and sanatorium projects across Moscow, Moscow Oblast, and Stavropol Krai, with a portfolio of 35+ projects totaling more than 3.6 million sq.m (2 million sq.m realized, 1.6 million sq.m under construction or design). Its product mix spans business-class and premium apartments (Sirenevy Park, Odinburg, Architects' Residences, AFI Tower, AFI Park Vorontsovsky, Composers' Residences), mixed-use complexes (AFI Gallery MFC, AFI2V Tagilskaya), Class A business centers (AFI PARK), flexible serviced offices (AFI Flex), and the AFI PROM Altufievo light industrial park — Russia's first multi-story industrial complex with automotive ramps enabling truck access to every floor.
Revenue is generated primarily through one-time sales of residential apartments (priced from ~8.56 million rubles), commercial premises (from ~15.3 million rubles), and industrial properties (from ~206 million rubles), supplemented by parking and storage unit sales and ancillary mortgage facilitation, trade-in, and installment services. Distribution is direct-to-consumer through on-site sales offices at each project, a centralized Moscow headquarters, and regional offices in Norilsk, Krasnodar, Khabarovsk, and Krasnoyarsk, complemented by a broker partnership network and mortgage co-marketing arrangements with Sberbank, Alfa-Bank, MKB, Bank Dom.RF, and others. Customer segments include individual residential buyers (families seeking apartments in Moscow business-class and premium tiers near metro and parks), commercial real estate investors and owner-occupiers of Class A offices, manufacturers requiring urban light-industrial space, and existing property owners using trade-in programs. Notable commercial tenants include Eurospar (SPAR network), Charuel, Lichi, IDOL, Scandale Maniere, Calzedonia, Intimissimi, Iuman, L'Occitane, and MIUZ Diamonds within AFI Gallery.
AFI Development ranks among Moscow's top 10 developers by housing delivery volume (8th in 2024 with 160,824 sq.m delivered) and top 10 commercial real estate developers by sales volume (over 14% of total Russian commercial real estate sales in 2025 per RBC research). It has been rated the 2nd most reliable developer in Russia by Vseostroyke.rf in May 2026 and received recognition including Best Office Awards 2026 (AFI Flex), CRE AWARDS 2026 (AFI Gallery), and Leaders of Tourism 2026 (Plaza SPA Kislovodsk).
AFI Development firmographics
Firmographics- Name
- AFI Development
- Legal name
- OOO "AFI Rus" (ООО "АФИ Рус")
- Website
- https://afi-development.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- AFI Development is a Moscow-based full-cycle real estate developer listed on the LSE, delivering residential, Class A office, retail, and light industrial projects across Russia with a 3.6 million sq.m portfolio.
- Ownership category
- akta.pro rank
AFI Development industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Land Subdivision (23721), Commercial and Institutional Building Construction (23622)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Investors, Nec (6799)
- akta.pro primary industry
- Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)
- akta.pro secondary industries
- Retail & Mixed-Use Commercial Construction (IMAFACAB), Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
Keywords
Where AFI Development is headquartered
LocationHeadquarters
- HQ city
- Moscow
- HQ country
- Russia
- HQ region
- Europe
Offices11 records
Markets served
AFI Development business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Residential Property Sales: Sale of apartments, studios, and residential units in multi-family residential complexes across Moscow region
- Commercial Property Sales and Rent: Sale and rental of office spaces (Class A), retail premises, and industrial production facilities
- Mortgage Services: Partnership with banks (Sberbank, MKB, Alfa-Bank, Dom.RF, etc.) to provide mortgage financing to buyers, facilitating property transactions
- Trade-in Services: Program allowing customers to exchange old apartments for new ones, including direct buyout of existing properties
- Parking and Storage Sales: Sale of underground and surface parking spaces and storage units (kellars) to residential complex residents
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Residential units from 8.56 million rubles in Odinburgh project |
| Subscription | Monthly | Family mortgage program at 3.5% interest rate |
| Other | Pay-as-you-go | 100,000 ruble gift certificates for apartment purchases |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
AFI Development product offering
Product offeringCore offering
AFI Development is a full-cycle multi-format real estate developer that creates, sells, and rents residential apartments, Class A office spaces, retail premises, and light industrial production facilities across Moscow, Moscow Oblast, and Stavropol Krai. The company delivers integrated mixed-use complexes combining housing, commerce, and flexible offices, and supports buyers through bank mortgage partnerships, trade-in programs, and broker distribution channels.
Product overview
AFI Development is a full-cycle multi-format real estate developer offering residential, commercial, office, and industrial properties. The portfolio includes residential complexes (Сиреневый парк, Одинбург, Резиденции архитекторов, AFI Tower, AFI Park Воронцовский, Резиденции композиторов), mixed-use complexes (МФК АФИ Галерея, АФИ2В Тагильская), flexible office services (AFI Flex), Class A business centers (AFI PARK), and industrial parks (AFI ПРОМ Алтуфьево). The company also offers complementary services including mortgage assistance, trade-in programs, and property management. The portfolio spans residential apartments and апартаменты (apartments with non-residential status), commercial premises, parking spaces, and storage units (клaдовые).
Differentiator
Problem solved
Functional benefit
Brands
- AFI FLEX: Flexible office spaces within AFI Gallery multifunctional complex offering adaptable workspace solutions for businesses.
- AFI PROM (АФИ ПРОМ)
Products and services
- Sirenevy Park (Сиреневый парк)
Quantifiable outcome
- TOP 2 ranking among most reliable developers in Russia (May 2026)
- +3 more outcomes
Companies that use AFI Development
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
AFI Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
AFI Development partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor.
- Eurospar (SPAR network)minorOpened 1,210 sq.m supermarket on minus-first floor of AFI Gallery multifunctional complex. Strong recognizable brand with high-quality product selection.
- Leman PROminorGift certificates worth 100,000-300,000 rubles given to apartment buyers for home improvement store.
- SawatzkyminorFacility management company providing technical maintenance for AFI Flex flexible offices.
- NF GROUPminorCommercial real estate consultancy that arranged Eurospar tenant placement in AFI Gallery.
Scale indicators16 records
Recent moves5 records
Expansion highlights6 records
AFI Development competitors and assessment
Company assessmentDirect peers
- LSR Group: LSR is one of Russia's largest diversified real estate developers, active in residential, commercial, and industrial real estate in Moscow and St. Petersburg. Comparable scale and multi-format approach mirror AFI's strategy.
- Samolet Group: Samolet is a major Russian residential developer focused on the Moscow region with multi-format full-cycle operations. Comparable target market and product positioning in Moscow business-class housing.
- Capital Group: Capital Group is one of Moscow's largest developers of premium residential and commercial real estate, including high-rise towers. Comparable premium segment positioning and Moscow-centric operations.
- PIK Group: PIK is Russia's largest residential developer, operating a multi-format full-cycle model in Moscow and other regions. It is the closest comparable to AFI in scale, business model, and target customer segments.
- MR Group: MR Group is a Moscow-focused real estate developer active in residential, commercial, and mixed-use complexes. Its Moscow-centric multi-format portfolio makes it a strong direct competitor to AFI's core geography.
- Donstroy: Donstroy is a major Moscow residential developer known for premium and business-class apartment complexes. Comparable product positioning to AFI Tower and AFI Park Vorontsovsky.
- Etalon Group: Etalon is a London-listed Russian residential and commercial real estate developer. Its multi-region Russian focus and LSE listing make it a direct comparable to AFI in capital structure and operating geography.
Broad incumbents
- YIT: YIT is a Nordic full-cycle developer operating across residential and commercial real estate. While geographically distant, it represents a comparable full-cycle developer model with similar end-to-end project execution.
Regional players
- Ingrad: Ingrad is a Moscow-focused residential and commercial real estate developer. Comparable Moscow-centric residential model though smaller in scale than AFI.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
AFI Development social profiles
Digital presenceAFI Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
AFI Development leadership team
Management profileNumber of profiles
Profiles6 records
AFI Development subsidiaries and ownership
Company hierarchySubsidiaries9 records
AFI Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AFI Development M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AFI Development
What does AFI Development do?
AFI Development is a full-cycle multi-format real estate developer that creates, sells, and rents residential apartments, Class A office spaces, retail premises, and light industrial production facilities across Moscow, Moscow Oblast, and Stavropol Krai. The company delivers integrated mixed-use complexes combining housing, commerce, and flexible offices, and supports buyers through bank mortgage partnerships, trade-in programs, and broker distribution channels.
Is AFI Development a public or private company?
AFI Development is a private company. It is classified as unknown and is currently operating.
When was AFI Development founded?
AFI Development was founded in 2001. It employs 251 to 500 people.
Where is AFI Development based?
AFI Development is headquartered in Moscow, Russia, in the Europe region.
How does AFI Development make money?
Five revenue lines are on record. Residential Property Sales are the primary driver. The others are commercial Property Sales and Rent, mortgage Services, trade-in Services and parking and Storage Sales.
Who are AFI Development's main competitors?
Direct peers on record are LSR Group, Samolet Group, Capital Group, PIK Group, MR Group, Donstroy and Etalon Group. YIT is listed as a broad incumbent. Ingrad is listed as a regional player.
Does AFI Development have an API?
No public API is recorded for AFI Development.
What industry is AFI Development in?
AFI Development's product category is Real Estate Development. Its primary akta.pro industry code is IMAFABAB, Multi-Family Residential Construction (Apartments, Condos, Townhomes), with a secondary code of IMAFACAB, Retail & Mixed-Use Commercial Construction. Its NAICS code is 23721 and its SIC code is 6552.