The contracts were concluded on December 29 and are construction contracts.
The residential complex consists of four blocks, in Bucharest’s district 1.
Established in 1991, Impact Developer & Contractor has built over 4,000 housing units, totaling 500,000 built square meters, and 13.000 sqm of office and retail space.
The company reported a net profit of RON13 million for the first nine months of 2020, down 28% on the year, and revenues from residential sales of RON135 million, up 35% on the year.
The developer sold 258 housing units in the first nine months, compared with 210 units in the same period last year. Of these, 40% were units in its Luxuria residential project and 60% in Greenfield. The average sale price for all Impact residential project grew by 12% on average, to an average EUR1,152/ sqm of built area.
Impact, with a market value of RON498 million, is 58% owned by Gheorghe Iaciu and 15% held by Andrici Adrian. Its shares have been trading up 27% since the beginning of 2020, amid deals worth RON25.5 million.