The company seeks to replicate in Iasi the model of the Greenfield residential compound in capital Bucharest, a project included in the category of green buildings.
In 2020, Impact has started works on the Boreal Plus district in the city of Constanta (south-eastern Romania), as part of its strategy to expand to Romania’s big cities, a project that will consist of 18 villas and 673 apartments in extension to the Boreal compound developed previously.
In January-June 2020, the company reported revenue of RON65.8 million from the sale of properties owned, down 17% on the year, and its net profit halved on the year to RON8.6 million, from RON16.4 million in the first half of 2019.
At the end of June 2020, the company owned 76.8 hectares of land available for new developments, with a book value of RON504.7 million, land intended for sale and the development of new projects.
The company is currently developing two residential projects in Bucharest, namely, Greenfield Residence Baneasa and Luxuria Domenii Residence, as well as the first phase of the Boreal Plus project in Constanta.
The company has a market value of RON381 million and is 58.8% owned by Gheorghe Iaciu and 15.9% held by Andrici Adrian. Its shares have been trading down 3.36% since the start of 2002, amid deals worth RON17.6 million.