Mall in southern Romania receives EUR 85.5 million refinancing agreement from Prime Kapital
In the heart of southern Romania, the city of Pitești is set to welcome a new retail and public amenities hub: Argeș Mall. This urban regeneration project, a collaboration between the local government and private investors, has breathed new life into a 13-hectare former industrial area.
The transformation of this vast site into a shopping centre, complete with a park, pedestrian and car connections, has contributed significantly to the city's infrastructure development. The mall, developed by Prime Kapital, is set to open its doors in April 2024.
Argeș Mall is more than just a shopping destination. With over 150 shops and restaurants, it offers a diverse tenant mix. The mall also boasts a food court with a panoramic terrace overlooking Prundu lake, providing visitors with a unique dining experience.
The park developed as part of the Argeș Mall project is easily accessible both by car and on foot. Car connections have been established between the Tudor Vladimirescu neighbourhood, where the mall is located, and the rest of the city. Pedestrian connections have also been developed, ensuring seamless movement for foot traffic.
The refinancing facility for Argeș Mall was provided by Erste Group Bank AG, securing a EUR 85.5 million investment. This significant funding has enabled the project to flourish, promising a vibrant and modern addition to Pitești's urban landscape.
Investment in public infrastructure has been a key aspect of the Argeș Mall project. Car connections between the Tudor Vladimirescu neighbourhood and the rest of the city have been improved, enhancing the city's overall transportation network.
As the opening date approaches, excitement builds in Pitești. Argeș Mall is poised to become a retail hub that offers more than just shopping. It's a place where people can gather, dine, and enjoy the city's vibrant atmosphere, all while supporting local businesses.
In conclusion, the Argeș Mall project is a testament to the power of urban regeneration and the positive impact it can have on a community. It's a shining example of how old industrial sites can be transformed into thriving, modern spaces that contribute to the city's growth and development.
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