These are the best mid-year results of the company since 2008.
Impact built the first stage of Greenfield project between 2006 and 2010, and the 680 apartments and villas were 100% sold. The second stage of the project, developed between 2014 – 2016, covers a total area of 7 hectares and includes 35 blocks with 924 apartments.
Greenfield Baneasa residential compound is scheduled to be finalized in stages by 2022 and will include over 6,000 apartments built on 60 hectares of land.
Impact Developer was established in 1991 and is majority owned by businessman Gheorghe Iaciu – 49%, followed by Adrian Andrici – 11.7% and other shareholders.
Impact has developed so far 16 residential compounds in Bucharest, Constanta, Oradea, Ploiesti.
In the first quarter of 2016, Impact Bucuresti, one of the largest real estate developers on the Romanian market, reported a profit of RON5 million, versus RON2.5 million losses in January-March 2015.