Bacau entrepreneur Ovidiu Budeanu has received city hall approval for the Zonal Urban Plan (PUZ), which involves doubling the size of the Arena Mall shopping center, constructing approximately 300 apartments, and a 4-star hotel in Bac\u0103u.<\/p>\n
On the additional land purchased by Budeanu from Fadesa, where the Diana Forest factory once operated, the mall’s expansion is planned with an additional 20,717 sqm.<\/p>\n
The plan anticipates the completion of the commercial expansion by the fourth quarter of 2023.<\/p>\n
Additionally, a residential complex with approximately 300 apartments will be developed, which is already authorized, plus a 4-star hotel with about 80 rooms.<\/p>\n
The investment in the mall expansion alone is estimated at approximately EUR 30 million, and Budeanu’s preferred financing option is a bank loan.<\/p>\n
Budeanu specified that he waited for the PUZ approval to take the step toward a stock market listing, an objective he is still analyzing.<\/p>\n
What does the Arena Mall Bac\u0103u expansion project include?<\/strong><\/p>\n The project includes doubling the mall’s commercial space by 20,717 sqm, building a residential complex with 300 apartments, and a 4-star hotel with 80 rooms.<\/p>\n What is the estimated investment for the mall’s expansion?<\/strong><\/p>\n The expansion of the shopping center alone is valued at approximately EUR 30 million, primarily funded through bank loans.<\/p>\n When is the commercial expansion expected to be completed?<\/strong><\/p>\n The commercial extension of Arena Mall is scheduled for completion by the fourth quarter of 2023.<\/p>\n","protected":false},"excerpt":{"rendered":" Bacau entrepreneur Ovidiu Budeanu has received city hall approval for the Zonal Urban Plan (PUZ), which involves doubling the size of the Arena Mall shopping center, constructing approximately 300 apartments, and a 4-star hotel in Bac\u0103u. On the additional land purchased by Budeanu from Fadesa, where the Diana Forest factory once operated, the mall’s expansion…<\/p>\n","protected":false},"author":0,"featured_media":69161,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2853],"tags":[2861,3068],"thb-sponsors":[],"class_list":["post-117129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","tag-hotel-en","tag-investments"],"article_style_override":"on","post-style":"style2","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/investitii-3.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/117129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=117129"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/117129\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/69161"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=117129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=117129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=117129"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=117129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}