The buildings will have height regime GF + 4 and 5S and will be located in the first district of capital city Bucharest, according to an announcement published on the website of the Bucharest Stock Exchange.
Impact Developer & Contractor (IMP) reported a profit of RON28 million in January-September 2016, up 3.72-fold against the same period of 2015. The company posted 51% higher sales, of RON111.3 million, and a profit from the sale of residential properties of RON34.5 million, higher by nearly RON15 million compared with the previous year.
By September 30, the company had sold 353 houses and apartments, 30% more than in the first nine months of 2015.
The company is 49.5% controlled by businessman Gheorghe Iaciu, other shareholders own 35%, while Andrici Adrian holds a stake of 15.2%. The company is listed on the main segment of the Bucharest Stock Exchange.