The Boreal Plus compound will be developed on a four-hectare land located in northern Constanta, in Palazu Mare, and will be built in three stages, over a three-year period (2020 – 2023).
Boreal Plus is an extension of the Boreal district, the first residential project the developer had delivered in Constanta (2010). The compound will include four individual villas, 14 blind-wall villas and nine 11-floor blocks.
The nine blocks will be developed in three stages: the first three blocks with 210 apartments are due to be delivered in 2021, two blocks with 133 apartments in 2022 and the last four blocks with 332 apartments in 2023.
The compound will also have 811 parking lots.
Gheorghe Iaciu holds a 56.8% stake in Impact Developer&Contractor and Adrian Andrici has a 15.4% ownership. The company ended 2019 with a net profit of RON165 million, eight times higher than the net profit recorded in 2018, and total sales of RON318 million, up 60% on the year.