The 25,930-sqm surface complements the plot of land bought by the company in October 2020. Following the acquisition, Greenfield Copou Residence owns approximately 46,000 sqm in the area.
The project targets the “medium” market segment and combines modern architecture with natural landscape. GREENFIELD Copou project will be built to nZEB standards, as well as to international sustainability standards, aiming at BREEAM Excellent certification, having integrated important sustainability elements specific to green projects, and having strong social grades, the company said in a statement.
The acquisition of the land was financially backed by Impact, based on a loan contract with Greenfield Copou Residence, per a stock market report. Thus, the two companies signed an addendum to a loan contract concluded in September 2020. Greenfield Copou Residence received RON5.5 million, at an interest rate of 7.5% per year for the acquisition of the land in Iasi. Overall, the combined value of the loan contract signed by the two companies reaches RON33 million.
Impact Developer & Contractor, a real estate developer held by entrepreneur Gheorghe Iaciu, reported revenue of RON39.3 million from home sales, in the first quarter of 2021, up 71% from the same period in 2020. The company ended the first quarter of 2021 with net loss of RON1.3 million, versus a net result of RON627 million in the same period in 2020, while its EBITDA dropped 8% to RON4.4 million.
Impact is 59.4% held by Gheorghe Iaciu and 16% owned by Andrici Adrian.
The company’s shares have grown by 70% since the beginning of 2021, amid deals worth RON37 million, with the company reaching a stock market capitalization of RON842 million, per stock market data.