Real estate developer Impact post revenues of 70 million RON in first half of 2021

Impact Developer & Contractor, Romania’s first real estate developer listed on the Bucharest Stock Exchange, recorded revenues of 68.9 million RON from the sales of homes, up by 5 percent in the first half of 2021. Thus, 94 apartments were sold, of which 80 percent are units in the Luxuria Residence residential complex, while 20 percent are units in the Greenfield Băneasa complex, where the completed apartments were almost entirely sold.

As of June 30th 2021, pre-contracts and reservations were concluded for 280 apartments in the projects Greenfield Băneasa (Bucharest), Luxuria Residence (Bucharest), Boreal Plus (Constanța) and Greenfield Copou (Iași), with a total value of 150.39 million RON.

The evolution in the number of sold units is attributed to the lack of a built apartments stock available for sale in Greenfield Baneasa. Within this complex, the company will increase its stock with another 1,305 units, for which it has building permits, while 544 units are already under construction. Due to the high demand for apartments in the neighbourhood, accelerated by the start of Greenfield Plaza in December 2021, this September Impact will launch the construction and sale of the remaining 761 apartments. The 1,305 units under construction will position Greenfield Băneasa as the largest active construction site of apartments nationwide. As part of the project, another 598 units are in advanced authorization stages.   

In Constanța, within the Boreal Plus residential complex, Impact has 341 apartments under construction and another 332 apartments in advanced authorization stages.

Another of Impact’s large residential developments, Greenfield Copou Residence, located in Iași, is in the advanced stages of approval for 1,062 apartments. The company plans to start construction at the end of September for 472 units.