IMPACT reports 58.7 million euro in pre-sale and revenues in the first half of 2023
Petre Barac
Posted On September 1, 2023
IMPACT Developer & Contractor S.A. (Impact), the first real estate company listed on the Bucharest Stock Exchange, reports EUR 58.7 million pre-sales and revenues as of June 30, 2023. At the end of the first semester, the company contracted 70 percent of the completed housing stock, which cumulates 954 dwellings, with a market value of about EUR 155 million.
As of 30 June 2023, IMPACT had a balance of 403 pre-sale and reservation contracts in GREENFIELD Băneasa, LUXURIA Residence, GREENFIELD Copou and Boreal Plus, in total value of EUR 46.2 million. Those contracts will translate into sales, as apartments will be finalized in the following periods. In GREENFIELD Băneasa, IMPACT’s iconic project, the contracting rate was 98 percent, and in LUXURIA Residence, the first residential compound in the country with BREEAM Excellent certification, 80 percent of the units were contracted.
IMPACT owns a valuable land portfolio in Bucharest, Constanta and Iasi, of about 71 ha, with development potential for 5 more new sustainable large-scale projects, with a market value estimated at over EUR 1.5 billion. In April, the company obtained the urbanism certificate for the ARIA VERDI project in Barbu Vacarescu, a project with a market value of over EUR 350 million.
Also in the first semester, the company started the construction of a new phase in GREENFIELD Băneasa, with 250 apartments, reaching a total of 982 dwellings in different stages of construction. Another 649 dwellings are to be built in 2024.
GREENFIELD Plaza, the shopping center within the GREENFIELD Băneasa neighborhood, reached an occupancy rate of 89 percent as of June 30, 2023. The center is dedicated to the GREENFIELD community and includes the Wellness Club (fitness room, indoor and outdoor pools, saunas, massage, squash, group classes and classes for children), restaurants, supermarket, cafes, pharmacy, dry cleaning, beauty salon and car wash. GREENFIELD Plaza has a market value of over EUR 25 million.
