Impact Developer will be developing a residential compound of nearly 63,000 square meters, on a land plot of 22,000 sqm, in capital Bucharest, for which it already paid EUR1.1 million. The acquisition process is due for completion in the last part of July, Impact Developer said in a statement.
Impact owns 99% of the share capital of the two companies.
Impact Developer is 49.5% owned by businessman Gheorghe Iaciu and has a market capitalization of RON207.8 million.