The value of the facility is EUR4.5 million. Thus, the amount borrowed via the loan agreement signed on November 29, 2021 increases to RON8.1 million. The loan is due on June 30, 2024.
Bergamot Developments and Impact guarantee the fulfilment of the obligations assumed under the loan agreement by concluding the guarantees specific to this type of financing.
Through Bergamot Development, Impact developed the Luxuria Residence complex in Bucharest.
The company posted RON37 million revenue from property sales in the first quarter of 2022, 5% lower than in the year-ago period and RON6 million net profit compared with RON1.3 million losses, its quarterly financial report says.
(English version by Loredana Fratila-Cristescu)