Impact Developer owns 99.9% in Bergamot Developments, which is building the Luxuria Domenii Residence project in Bucharest.
Bergamot Developments will reimburse the loan amount on a quarterly basis for a period of 36 months.
The development of Luxuria Domenii Residence started in 2018 and is scheduled in three stages. The first stage, which includes three buildings and totals 232 apartments, was delivered in May 2020. Works on the second stage includes four buildings with 268 apartments, ended in December 2020. The last stage, which consists of two buildings with 130 apartments, is scheduled for completion in April 2021.