IMPACT Developer & Contractor posts sales of 90 million RON, up by 45 percent in first half of 2022

IMPACT Developer & Contractor closed the first semester of 2022 with a 45 percent sales increase and a 64 percent gross profit increase compared to the same period of last year. Thus, the developer obtained 90.3 million RON by selling completed units and a 35.23 million RON gross profit, with a 39 percent gross margin.

The sales increase is due to having completely finished the LUXURIA Residence compound located in Expozitiei area in Bucharest. In the first semester, IMPACT pre-contracted and reserved 177 new units in the company’s projects located in Bucharest, Constanta and Iasi. Thus, as of June 30, 2022, IMPACT had a total of 618 pre-contracted and reserved units, with a 363.1 million RON value, which will be recorded as income starting the second semester of 2022.

As of June 30, 2022, IMPACT owned 89.4 ha of land with an EPRA value estimated at 786.5 million RON, of which 73.5 ha with immediate development potential, on which can be built up to 15,000 apartments, infrastructure and spaces for community services (schools, kindergartens, church, parks) and shopping centers, with a cumulative development value of over 1.5 billion euro.

By the end of the year, IMPACT will open GREENFIELD Plaza, which includes the Wellness Club by Greenfield, and will deliver over 300 new apartments. In the next 12 months, IMPACT plans to complete another 750 apartments and will start new investments nationwide for another 850 apartments.