Whether you are an investor, shareholder, current or future resident, here you can find news about Impact Developer & Contractor and all its projects.
Whether you are an investor, shareholder, current or future resident, here you can find news about Impact Developer & Contractor and all its projects.
IMPACT Developer & Contractor S.A. ("Impact") (ticker symbol IMP), the first real estate developer listed on the Bucharest Stock Exchange, ends 2023 with a preliminary consolidated turnover of 169.4 million RON, a net profit of 34.9 million RON and a gross margin of 39%.
In 2023, IMPACT signed sale-purchase contracts for 157 units in the GREENFIELD Baneasa, LUXURIA Residence and BOREAL Plus compounds, which, together with related parking spaces, gardens and storage rooms, generated revenues of 119.5 million RON. The results were influenced by a number of factors: residential market conditions that recorded decreases of 7% and 19%, respectively, in real estate transactions in Constanta and Bucharest, the cities where the company operated, the delay in the approval procedures for the reception of 732 new apartments in the GREENFIELD Baneasa neighborhood, which generated a lower housing stock compared to 2022, on the most important market segment of the company.
At the end of the year, IMPACT had 377 pre-sold and reserved housing units, of which 320 for the new apartments in GREENFIELD Baneasa, to be delivered this year. In 2024 and early next year, 356 pre-sold units at the end of 2023 will generate revenues of about 206 million RON.
IMPACT Group's gross margin increased from 32% to 39% in 2023. Indebtedness held steady at 28%, while trade debt fell by 26%. At the same time, the company maintained its stable liquidity position, at 51.3 million RON.
"The low volume of mortgage loans, as a result of the major increase in interest rates, together with the postponement of the approval procedures for the reception of new apartments in GREENFIELD Baneasa, had a significant impact on the company's revenues, which are recorded only after receiving the amounts from the sale-purchase contracts. After a year dominated by high inflation and unpredictability, 2024 comes with good prospects: the delivery of 732 apartments in GREENFIELD Baneasa and the continuation of construction works at another 435 units in the neighborhood, the liquidation of the stock of units in LUXURIA Residence, for which an increased interest was maintained, as well as the planning of the GREENFIELD Copou (Iasi) and ARIA Verdi (Bucharest) projects.", stated Constantin Sebesanu, CEO IMPACT Developer & Contractor.
IMPACT owns a valuable land portfolio in Bucharest, Constanta and Iasi, of about 71 ha, with development potential for 5 more new sustainable, large-scale projects, with an estimated market value of over 7.4 billion RON. For one of these projects, GREENFIELD Copou - Iasi, a project with a market value estimated at over 870 million RON, the company obtained the construction permit in July 2023. At the same time, IMPACT has made important steps in the authorization process for ARIA Verdi, a project with a market value of over 1.7 billion RON, located in the Barbu Vacarescu area of Bucharest, obtaining the urbanism certificate.
As of December 31, 2023, IMPACT had construction permits for 2,693 units in Bucharest, Iasi and Constanta, with an estimated market value of 1.9 billion RON. Of these, 982 homes are in various stages of construction.
By the end of 2023, IMPACT leased over 90% of GREENFIELD Plaza, the first shopping center in its portfolio, BREEAM Excellent certified. With a market value of over 124 million RON, the mixed-use project has an area of 14,001 sqm, covering retail, wellness and office functions. A significant part of the energy needs for Wellness Club by Greenfield, the IMPACT office building and the buildings in the fourth phase of development of GREENFIELD Baneasa, including public lighting, will be provided by the 7,935 sqm photovoltaic park completed last year.
IMPACT Developer & Contractor (ticker symbol IMP) raised over one million euro in the first 72 hours of issuing the bond offer. The public offer for sale of bonds, intermediated by TradeVille, is ongoing until February 23, 2024.
"The offer is addressed to both current and potential retail investors, as a result of our strategy to broaden this segment of investors. The increased interest shown since the opening of the offer reconfirms the attractiveness of the company and of the financing instruments used. We are grateful to all investors for their trust and look forward to them joining us in the future.", stated Constantin Sebesanu, CEO IMPACT Developer & Contractor.
Over the 28 years of uninterrupted listing on BVB, IMPACT has used various market capitalization instruments, through which it has raised over EUR 130 million.
At the end of last year, analysts at Raiffeisen Bank initiated hedging for IMPACT shares with a buy recommendation and a target price of RON 0.3, which implies a potential return of 25% compared to the current trading price of the shares. The positive position is supported by a favourable outlook for interest rates, a robust pipeline of projects, an attractive commercial real estate portfolio and a more stable real estate climate.
IMPACT Developer & Contractor received for the fourth consecutive time the maximum score for communication with investors, according to the VEKTOR indicator for the regulated market. Conducted by ARIR – Romanian Investor Relations Association, the evaluation consists of analyzing 10 criteria of transparency, corporate governance and proactivity in communicating with investors.
"Achieving a score of 10 out of 10 in the VEKTOR evaluation, together with Best Managed Companies certification, demonstrates our commitment to continuously improve our corporate governance and communication with investors. In recent years, in addition to successfully carrying out several capital increase actions, we have managed to implement best practices, processes and procedures at internationally recognized standards, with benefits for all our shareholders.", stated Constantin Sebesanu, CEO IMPACT Developer & Contractor.
"ARIR's objective in terms of VEKTOR indicator is to support a constant increase in the quality of communication and transparency of listed companies. With a much improved methodology, we congratulate IMPACT for obtaining the maximum score, a company that is actively involved in the ARIR community alongside the largest listed companies and adopts best practices in communicating with investors", stated Daniela Maior (Serban), ARIR President.
IMPACT is the first real estate developer in Romania listed on the Bucharest Stock Exchange in 1996, and during its 28 years of uninterrupted listing, the company has distinguished itself through the diversity of market capitalization instruments used. Currently, IMP shares are listed on the Premium category of the Stock Exchange.
Bucharest, 19th of January 2024: IMPACT Developer & Contractor has obtained the Best Managed Companies Romania certification, a program present for 30 years globally, developed by Deloitte in partnership with EBRD - European Bank for Reconstruction and Development, BVB - Bucharest Stock Exchange and BT - Banca Transilvania.
IMPACT is one of the 21 companies that received Best Managed Companies certification in Romania. The certification recognizes the performance of the management team in implementing the best standards, processes and procedures at internationally recognized standards.
"Constant improvement of corporate governance is a strategic objective of IMPACT group, and the Best Managed Companies Romania program certifies the efforts of the management team and offers new perspectives for increasing performance and beneficial transformation of our organizational culture. This high recognition validates the good corporate governance practices implemented and joins the VEKTOR 10 certifications obtained in the last three consecutive years for transparency in investor communication.", stated Constantin Sebesanu, CEO IMPACT Developer & Contractor.
IMPACT Developer & Contractor is the first developer in Romania listed on the Bucharest Stock Exchange and also the first to set up an ESG department, sustainability being one of the pillars of the company's growth.
The GREENFIELD Plaza shopping center, developed by IMPACT Developer & Contractor in the GREENFIELD Baneasa neighborhood, obtained the BREEAM Excellent certification following the evaluation carried out by BuildGreen. Thus, the building covering retail and wellness functions meets the quality and sustainability standards required by this type of certification from the design phase in the categories management, health and well-being, energy, transport, water, materials used, waste, land use and ecology, pollution, innovation.
In the construction of the shopping center, developer IMPACT and general contractor RCTI used responsible practices, sustainable materials, as well as sustainable and intelligent systems and equipment, with the role of minimizing environmental impact, protecting the health and well-being of tenants and visitors, and ensuring thermal and visual comfort.
GREENFIELD Plaza has a high energy performance, due to the use of renewable energy, which translates into reduced pollution, protection of natural resources and reduced maintenance costs. The roof of the wellness club is equipped with solar panels, which cover about 70% of the energy needed to heat domestic water and swimming pools, while 25% of the electricity needed for the commercial gallery is provided by photovoltaic panels.
"Obtaining BREEAM Excellent certification for GREENFIELD Plaza proves our commitment to sustainability. As part of this, in 2021, with the establishment of the ESG department, we assumed that at least 80% of newly delivered projects have BREEAM certification. We started with Luxuria Residence, the first residential complex in Romania to obtain BREEAM Excellent certification, we continued with GREENFIELD Plaza, and next year will follow the apartment buildings in the fourth phase of development of the GREENFIELD Baneasa neighborhood. Our goal is to have a positive impact on both the environment and society by developing green buildings.", stated Constantin Sebesanu, CEO IMPACT Developer & Contractor.
GREENFIELD Plaza, the first shopping center developed by IMPACT, completes the set of community facilities needed for a neighborhood of the magnitude of GREENFIELD Baneasa, with over 6,500 inhabitants at present. With a market value of over 25 million euro, the mixed-use project has an area of 14,001 sqm, covering retail, wellness and office functions, occupied in a proportion of over 90%. In the shopping gallery there is a supermarket, pharmacy, beauty salon, cafes, restaurants and laundry for clothes. Wellness Club by Greenfield hosts extensive sports and spa areas for adults and children: semi-olympic indoor pool, children's pool, outdoor pool, fitness room, group classes (cycling, pilates, yoga, zumba, stretching, children's classes, dances, martial arts), squash court, relaxation area with sauna and emotional showers, massage rooms. In addition, GREENFIELD Plaza includes an office building, a car wash, 264 parking spaces, 4 charging stations for electric cars and bicycle racks.
Bucharest, 15th of November 2023: IMPACT Developer & Contractor S.A. ("Impact") (ticker symbol IMP), the first real estate developer listed on the Bucharest Stock Exchange, reports revenues of 21.5 million euro as of September 30, 2023 and a gross profit of 6.6 million euro, with a constant gross margin of 31%.
As a result of vertical integration, the group's revenues come from the activity of IMPACT, SPATZIOO and RCTI. Thus, 16.8 million euro are generated by the sale of 110 units, and 4.7 million euro from the rental of commercial spaces in GREENFIELD Plaza (Baneasa), the management and rental of properties developed by IMPACT, as well as from construction works.
Most units sold in the first nine months of the year, respectively units for which a sale-purchase contract was signed, were registered in LUXURIA Residence (47%), followed by BOREAL Plus (31%) and GREENFIELD Baneasa (22%). The average sales prices had an upward trend in the first three quarters, compared to the same period last year, increasing by 9% in GREENFIELD Baneasa, to EUR 1,341/sqm and by 5% in LUXURIA Residence, to EUR 1,822/sqm.
In addition to the units sold, as of September 30, 2023 IMPACT has another 381 pre-sold and reserved units, with a total value of 43.2 million euro. Of these, 85% are in GREENFIELD Baneasa, 8% in BOREAL Plus, 6% in GREENFIELD Copou and 1% in LUXURIA Residence. By the end of next year, 357 units with a value of 40.4 million euro will be converted into revenues.
72% of the total 954 homes completed in the last three years are contracted as of September 30. In GREENFIELD Baneasa, IMPACT's flagship project, the contracting rate of completed units is 98%. In LUXURIA Residence, the first residential complex in the country certified BREEAM Excellent, 83% of the apartments are contracted, while in BOREAL Plus, the residential complex in Constanta put into use in May, the dwellings are contracted in proportion of 32%.
"This year, LUXURIA Residence had the best performance of all our projects, being a mature project, on a market segment characterized by stability, resilient to external factors such as rising interest rates on mortgage loans or tax and legislative changes. As a result, sales in this compound showed a positive evolution from quarter to quarter, with sales in the third quarter increasing by 17% compared to the previous quarter. In addition to investors' appetite for this project, due to attractive investment returns and high potential for value appreciation over time, this year we noticed an increasing interest from end-users, especially for 4-room apartments, which represent 17% of total project sales in the first nine months. All signals point to a maintenance of this trend in the next period.", declared Constantin Sebesanu, CEO IMPACT Developer & Contractor.
IMPACT owns a valuable land portfolio in Bucharest, Constanta and Iasi, of about 71 ha, with development potential for 5 more new large-size sustainable projects, with a market value estimated at over 1.5 billion euro. For one of these projects, GREENFIELD Copou - Iasi, a project with a market value estimated at over 175 million euro, the company obtained the building permit in July. At the same time, IMPACT has made important steps in the authorization process for ARIA Verdi, a project with a market value of over EUR 350 million, located in the Barbu Vacarescu area of Bucharest, obtaining the urbanism certificate.
As of September 30, 2023, IMPACT has building permits for 2,693 units in Bucharest, Iasi and Constanta, with an estimated market value of 390 million euro. Of these, 982 dwellings are in various stages of construction, while for another 1,711 dwellings construction is to be started.
In the first three quarters of the year, the EBITDA margin increased to 65%, both due to revaluation gains recorded as of September 30, 2023 and due to optimization of expenses. At the same time, IMPACT maintained a constant liquidity position, with 9.7 million euro in cash and cash equivalents and debt to equity at 28%.
IMPACT Developer & Contractor, the first real estate developer listed on the Bucharest Stock Exchange, completes a photovoltaic park in the GREENFIELD Baneasa neighborhood in the north of Bucharest, an investment of over 2,750,000 euro. The new park consists of 1,297 panels and has a total capacity of 700 kWp.
The photovoltaic park covers an area of 7,935 sqm in GREENFIELD Baneasa and will provide 80% of the energy needed for the Wellness Club by Greenfield, 90% of the energy needed for the IMPACT office building and 30% of the energy needed for the buildings in the fourth phase of development of the neighborhood, including public lighting.
„We are glad to take another important step towards sustainability, one of the basic pillars of our company's development strategy. With the completion of the new photovoltaic park, the GREENFIELD Baneasa neighborhood becomes increasingly greener, with significant benefits for the environment, residents and visitors: reduction of carbon dioxide emission and implicitly pollution, reduced maintenance costs and saving natural resources. We believe that investing in renewable energy is the absolutely necessary step for a better future of the communities we develop and we include such green solutions in all our projects.”, declared Constantin Sebesanu, CEO IMPACT Developer & Contractor.
The photovoltaic park is to be connected to the grid by the end of the year and will annually produce about 785 MWh of renewable energy for the wellness club, the IMPACT office building and the apartments in the fourth phase of development of the neighborhood.
This is the third renewable energy solution developed by IMPACT in GREENFIELD Baneasa. Within the GREENFIELD Plaza shopping center, developed to BREEAM Excellent standards, there are solar panels, which cover about 70% of the energy needed for heating domestic water and swimming pools, as well as photovoltaic panels, which provide 25% of the electricity needed for the commercial gallery.
GREENFIELD Plaza is the first shopping center developed by IMPACT, located in the GREENFIELD Baneasa neighborhood. With a market value of over 25 million euros, the center has an area of 14,001 sqm, covering retail, wellness and office functions, 90% occupied. The shopping gallery contains supermarket, pharmacy, beauty salon, cafes, restaurants and laundry for clothes. Wellness Club by Greenfield hosts extensive sports and spa areas for adults and children: semi-olympic indoor pool, children's pool, outdoor pool, fitness room, group classes (cycling, pilates, yoga, zumba, stretching, children's classes, dances, martial arts), squash court, relaxation area with sauna and emotional showers, massage rooms. In addition, GREENFIELD Plaza includes a car wash and an office building. The 1,228 sqm of office are fully occupied by IMPACT.
GREENFIELD Baneasa is a large residential project with over 7,000 homes and over 17,000 inhabitants upon completion in 2028, located in District 1 of the Capital, built sustainably for a better urban future. The project is in the fourth phase of development out of six planned. Since 2007, the starting year of the works for the first phase of development, until now, GREENFIELD Baneasa has experienced a sustainable development, bringing to the community new infrastructure and new facilities: two private parks, numerous green spaces, playgrounds, convenience stores, GREENFIELD Plaza shopping center and Wellness Club by Greenfield sports center, public transport. As the project progresses and approaches maturity, other new facilities are added such as state school and kindergarten, nursery, church, infrastructure and new access ways.
The investment in apartments in the GREENFIELD Baneasa neighborhood generated for owners a total gross yield of 75% in the last 5 years, exceeding three of the most important international stock indices: Dow Jones, Nasdaq and S&P 500, according to an analysis by IMPACT Developer & Contractor.
The analysis shows that the average gross annual yield obtained by an owner during the analyzed period (2018 -2022) for apartments in GREENFIELD Baneasa is 35%, while the Nasdaq and Dow Jones stock indices have an average gross annual yield of 27% and the S&P 500 of 31%.
In terms of net yeld of residential properties, Romania has an advantage compared to Central and Eastern European (CEE) countries, having one of the lowest property tax levels in the region. Thus, in the last five years, owners' investments in GREENFIELD Baneasa apartments generated a net yield of 56%, above the ones generated by Bucharest (52%), Warsaw (51%), Budapest (43%), Vienna (24%), Madrid (22%) or Paris (10%).
”There are a number of factors that put the Romanian residential market on the map of specialized investors, including still low house prices, low property taxes and demand for rent. All these generate attractive yields for home buyers, which is why in recent years, we have seen an increase in demand from specialized investors for the purchase of apartment packages for rent. For over a year, we have met this demand with furnished and equipped units, already rented or available for rent in GREENFIELD Baneasa and Luxuria Residence in Bucharest, as well as in Boreal Plus, our compound in Constanta”, stated Constantin Sebeșanu, CEO IMPACT Developer & Contractor.
Another long-term investment is the purchase of properties for habitation and resale after 5-10 years. According to the calculations of the developer IMPACT, all types of apartments in GREENFIELD Baneasa have doubled their value in 10 years, turning them into a profitable investment for buyers.
GREENFIELD Baneasa is a large residential project with over 7,000 homes and over 17,000 inhabitants upon completion in 2028, located in Sector 1 of the Capital, built sustainably for a better urban future. The project is in the fourth phase of development out of the six planned. Since 2007, the starting year of the works for the first phase of development, until now, GREENFIELD Baneasa has experienced a sustainable development, bringing to the community new infrastructure and new facilities: two private parks, numerous green spaces, playgrounds, convenience stores, Avenor campus with kindergarten, school and high school, GREENFIELD Plaza shopping center and Wellness Club by Greenfield sports center, public transport. As the project progresses and approaches maturity, other new facilities are added such as public school and kindergarten, church, medical clinic, nursery, infrastructure and new access roads.
* In carrying out the analysis, IMPACT used both its own data on acquisition costs, rental income and taxes, as well as data from Global Property Guide and Eurostat.
The GREENFIELD Plaza shopping center, developed by IMPACT Developer & Contractor in the GREENFIELD Baneasa neighborhood, reached an occupancy rate of 89%. With a market value of over 25 million euro, the center has an area of 14,001 sqm, covering retail, wellness and office functions.
The main tenants of the newest shopping center in the capital are Mega Image supermarket chain, Help Net pharmacy, and Spatzioo company.
The shopping gallery contains supermarket, pharmacy, beauty salon, cafes, restaurants and laundry for clothes. Wellness Club by Greenfield hosts extensive sports and spa areas for adults and children: semi-olympic indoor pool, children's pool, outdoor pool, gym, group classes (cycling, pilates, yoga, zumba, stretching, children's classes, dances, martial arts), squash court, relaxation area with sauna and emotional showers, massage rooms. In addition, GREENFIELD Plaza includes a car wash and an office building. The 1,228 sqm of office are fully occupied by IMPACT, on the ground floor of the two-storey building being the GREENFIELD Baneasa sales office.
The shopping center developed by IMPACT belongs to the category of green buildings, with a low environmental impact, being built to BREEAM Excellent sustainability standards, in line with the company's ESG policy. An important part of the energy used to power commercial and wellness spaces comes from renewable sources. Thus, the roof of the wellness club is equipped with solar panels, which cover about 70% of the energy needed for heating domestic water and swimming pools, while 25% of the electricity needed for shopping galleries is provided by photovoltaic panels.
„GREENFIELD Plaza completes the range of facilities we have developed for the GREENFIELD Baneasa community, necessary for a modern lifestyle, built around the concept of wellbeing. We are delighted to see such interest in our first shopping center, which offers a diversity of services, represented by major brands. This is an important first step taken by the company in diversifying its portfolio and demonstrates our ability to develop and manage retail and wellness components in future residential compounds as well.”, declared Constantin Sebeșanu, CEO IMPACT Developer & Contractor.
Managed by Spatzioo, part of the IMPACT group, GREENFIELD Plaza offers both over 6,500 residents of the GREENFIELD neighborhood and nearby residents a new shopping and relaxation experience, right next to Baneasa forest. IMPACT encourages green mobility to and from the shopping center by providing bicycle racks and charging stations for electric cars, as well as micro-mobility solutions including bicycles, scooters and electric scooters.
IMPACT Developer & Contractor, the first real estate developer listed on the Bucharest Stock Exchange, will benefit, starting September 28, from Issuer Market Maker services offered by Raiffesen Bank International. IMPACT has been listed on the Bucharest Stock Exchange since 1996.
”We wish the partnership with Raiffeisen Bank International to increase access to IMPACT shares and, as such, their liquidity, in favor of current and future shareholders. Together, we will continue to increase the company's awareness among investors, as well as the investment potential and opportunity to invest in IMPACT shares.", said Constantin Sebeșanu, CEO IMPACT Developer & Contractor.
"We are delighted to be involved in the ongoing growth story of Impact Developer & Contractor S.A. on the Bucharest Stock Exchange. Facilitating liquidity as a market maker in one of the pioneer companies on the Romanian market makes us proud and we are sure to be adding value by providing market depth for all market participants. We highly value the trust that is placed in our company and our expertise.”, said Guenther Kornfellner, Equities & Derivatives Trader at Raiffesen Bank International.
IMPACT Developer & Contractor is listed on the main segment of the Bucharest Stock Exchange, in the premium category. Over the past 5 years, the investment in IMPACT shares has brought double the earnings generated by the BET index; compared to the last 10 years, earnings are 20 times higher.
IMPACT Developer & Contractor, the first real estate developer listed on BVB, with 32 years of experience in developing large-scale sustainable projects, obtains the building permit for a new access road to the GREENFIELD Băneasa residential compound. With an estimated investment value of over 900,000 euro, the new road will connect Pădurea Pustnicu Road, a public road that delimits the residential complex to the south and Bulevardul Platanilor, an interior road.
The Sector 1 Municipal Hall of Bucharest issued the building permit for this new artery, which will have an area of 3,000 sqm, sidewalks and two lanes in each direction, separated by a median green space. Called the Prelungirea Bulevardul Platanilor, the road will facilitate the access of residents in the third phase of development, the Platanilor neighborhood and will streamline traffic in the neighborhood. The construction of the new road will be carried out by RCTI Company, part of the IMPACT group.
The initiative to build the new road complements the efforts of developer IMPACT Developer & Contractor to obtain the building permit for three other access roads in the GREENFIELD Băneasa neighborhood.
”We are constantly looking for solutions to increase the quality of life for the inhabitants of the communities we develop. In addition to the entire completed utility infrastructure, we also built 15 km of roads in the GREENFIELD Băneasa neighborhood. Although it does not fall within our attributions and obligations, we have come to support the administration in expanding the infrastructure outside the development with three new access roads in the neighborhood, for which we have been in the authorization process for a long time. For over a year we have been waiting for the Bucharest City Hall to approve the PUZ for 105-117 Teișani Alley, Sector 1, the road that connects with the Bucharest Ring Road under the hobanat bridge. In parallel, we are waiting for the Government Decision for the reopening of the Vadul Moldovei road, according to the decision of the General Council of Bucharest on July 28, 2023 and the IMPACT donation of a 6,000 sqm forest area, double than the road in Sector 1. Vadul Moldovei offers the inhabitants of GREENFIELD Băneasa the only direct access to Sector 1, to which they belong and where they pay taxes. We also support the extension of Teișani Alley to connect with Voluntari, as well as the creation of access and exit lanes in DN1 through CNAIR support, a solution for which we have also submitted a land donation to them. We are always close to the communities we develop and at authorities disposal for finding the best solutions.”, stated Constantin Sebeșanu, CEO IMPACT Developer & Contractor.
IMPACT Developer & Contractor continues to allocate considerable resources to find alternative solutions and facilitate access to the neighborhood, although these municipal works are the responsibility of local administrations. Bucharest City Hall issued the Urbanism Certificate for continuing the approval procedure in order to obtain the building permit for the elaboration of the PUZ for the the project "Arrangement of the intersection of Teișani Alley and DN1 leg and of the intersection of DN1 junction arm with Bucharest Ring Road".
At the same time, recently, in order to streamline the traffic on Teișani Alley, the developer submitted an address to CNAIR through which he sent them for analysis a plan for a new traffic regulation in the area of the DN1 junction arm intersection with Teișani Alley and with the Ring Road near Otopeni Bridge. Also, two other access ways are under analysis and documentation, one of them being the extension of the Teișani Alley road to Pipera Boulevard.
GREENFIELD Băneasa is a large residential project with over 7,000 homes and over 17,000 inhabitants upon completion in 2028, located in Sector 1 of the Capital, built sustainably for a better urban future. The project is in the fourth phase of development out of the six planned. Since 2007, the starting year of the works for the first phase of development, until now, GREENFIELD Băneasa has experienced a sustainable development, bringing to the community new infrastructure and new facilities: two private parks, numerous green spaces, playgrounds, convenience stores, Avenor campus with kindergarten, school and high school, GREENFIELD Plaza shopping center and Wellness Club by Greenfield sports center, public transport. As the project progresses and approaches maturity, other new facilities are added such as public school and kindergarten, church, medical clinic, nursery, infrastructure and new access roads.
IMPACT Developer & Contractor S.A. ("Impact") (stock symbol IMP), the first real estate developer established in Romania and also the first real estate company listed on the Bucharest Stock Exchange, reports EUR 58.7 million pre-sales and revenues as of June 30, 2023. At the end of the first semester, the company contracted 70% of the completed housing stock, which cumulates 954 dwellings, with a market value of about EUR 155 million.
As at 30 June 2023, IMPACT had a balance of 403 pre-sale and reservation contracts in GREENFIELD Băneasa, LUXURIA Residence, GREENFIELD Copou and Boreal Plus, in total value of EUR 46.2 million. Those contracts will translate into sales, as apartments will be finalized in the following periods. In GREENFIELD Băneasa, IMPACT’s iconic project, the contracting rate was 98%, and in LUXURIA Residence, the first residential compound in the country with BREEAM Excellent certification, 80% of the units were contracted.
IMPACT owns a valuable land portfolio in Bucharest, Constanta and Iasi, of about 71 ha, with development potential for 5 more new sustainable large-scale projects, with a market value estimated at over EUR 1.5 billion. In April, the company obtained the urbanism certificate for the ARIA VERDI project in Barbu Vacarescu, a project with a market value of over EUR 350 million.
Also in the first semester, the company started the construction of a new phase in GREENFIELD Băneasa, with 250 apartments, reaching a total of 982 dwellings in different stages of construction. Another 649 dwellings are to be built in 2024.
„We leave behind one of the most difficult semesters for both the industry and our company, with challenges generated by the macroeconomic situation to which were added the major increase in interest rates that affected the accessibility of mortgage loans, the impact of legislative changes regarding the VAT threshold for the purchase of housing, as well as measures regarding wages in the construction sector. Specifically for our company, a massive impact was also had by the temporary closure of the Vadul Moldovei road connecting the GREENFIELD Baneasa neighborhood to Sector 1, the legislative procedures necessary to solve this situation being initiated by the administration. Despite these challenges, we managed to maintain adequate liquidity and to continue at a sustained pace sales and pre-sales of the housing stock worth over EUR 155 million. In the next period, we intend to launch two large-scale sustainable projects: ARIA VERDI in Barbu Vacarescu Blvd., Bucharest – which will include over 850 premium homes, commercial galleries, kindergarten, green spaces and community services, with an estimated market value of over EUR 350 million, as well as GREENFIELD Copou in Iasi – one of the largest sustainable residential complounds in Moldova, which will include 1,062 apartments, community center with kindergarten, shopping galleries, gym & wellness center, restaurant, over 15,000 sqm of green spaces, bicycle lanes and charging stations for electric vehicles – a project with an estimated market value of EUR 175 million.
The replacement of the obsolete housing stock in Romania, which has largely exceeded its life cycle, must be a priority of both the central and local administrations, in order to contribute to raising the standard of living, as well as the level of safety and well-being of the population. IMPACT, as a leader on the affordable residential market and also a developer of sustainable communities, has contributed and contributes to this mission, with over 10,000 homes delivered in over 30 years of activity and will continue to deliver quality housing, at current nZEB and BREEAM standards”, declared Constantin Sebeșanu, CEO IMPACT Developer & Contractor.
GREENFIELD Plaza, the shopping center within the GREENFIELD Băneasa neighborhood, reached an occupancy rate of 89% as of June 30, 2023. The center is dedicated to the GREENFIELD community and includes the Wellness Club (fitness room, indoor and outdoor pools, saunas, massage, squash, group classes and classes for children), restaurants, supermarket, cafes, pharmacy, dry cleaning, beauty salon and car wash. GREENFIELD Plaza has a market value of over EUR 25 million.
IMPACT maintained a constant liquidity position in the first semester, with EUR 10.6 million in cash and cash equivalents and its debt-to-assets ratio at 29%. As of June 30, 2023, the total asset value adjusted in accordance with EPRA standards is EUR 364 million.
The GREENFIELD Copou residential complex will be located in a unique area of Iasi, with a strong cultural charge, Copou Hill, with panoramic views over the botanical garden and the city. Developed on an area of 50,263 square meters, the project will include 1,062 apartments located in 26 buildings having a low height regime, with a maximum of 5 floors and two basements, 1,083 underground and aboveground parking spaces, more than 15,000 square meters of parks and green spaces, kindergarten, after-school, 3,000 square meters of commercial spaces and services, a wellness center with fitness room, swimming pool and spa.
The GREENFIELD Copou project will renew the existing housing stock in Iasi and will set new quality standards for residential developments in the region, thus contributing to the development of an ecosystem with an important local economic impact.
Impact, a developer with 32 years of experience, builds sustainably and designs solutions that ensure the sustainable development of the communities they create. The city of Iasi, like most cities in the country, has a significant shortage of parking spaces, for which reason the local authorities decided for GREENFIELD Copou,through the newly issued authorization, that each housing unit may only be sold together with at least one parking space, which is a novelty in the real estate market and demonstrates that steps are being taken towards the sustainable development of cities. Although Impact has had this policy in place for more than 10 years, implemented in all projects, it is a novelty and a positive sign that a construction authorization includes such an obligation.
The entire development has been designed to nZEB and BREEAM Excellent quality and sustainability standards, which for future residents translates into increased energy efficiency of the building, reduced maintenance and operating costs and minimal environmental impact. In addition, GREENFIELD Copou buildings are characterized by maximum seismic resistance and durability.
GREENFIELD Copou recreates in Iasi the GREENFIELD housing concept, previously successfully tested by Impact in Bucharest through the GREENFIELD Băneasa project. The concept aims at the well-being of residents in all aspects and is based on several important principles: respect for the natural setting of the area and the local community, efficient and sustainable construction developed with minimal impact on the environment and facilities that support a balanced lifestyle.
Thus, GREENFIELD Copou will provide its future residents, in addition to the spectacular natural setting of the panoramic view that Copou Hill offers, with all the facilities necessary for a stress-free daily life through a community center that will include commercial spaces and a wellness center. The complex will also benefit from cycle paths and zero road traffic inside, as residents’ parking is exclusively underground.
Bucharest, 07/03/2023: IMPACT Developer & Contractor, the first real estate developer established in Romania and also the first real estate company listed on the Bucharest Stock Exchange (stock symbol IMP) has completed the first 209 apartments composing Phase I of the Boreal Plus residential compound in Constanta.
The 209 apartments are located in three blocks with P+8E and P+11E height regime and will be handed over to the new owners starting March. At the same time, the developer also completed a 6-level parking building (S+P+4E) that includes 290 parking spaces. The building is equipped with electric car charging stations, two high-capacity elevators, and individual underground storage boxes . Boreal Plus thus becomes the first residential compound in Constanta with a multi-storey parking building, available for purchase by the residents.
“The first phase of Boreal Plus has reached the most beautiful point of the development process, where we are ready to hand over the keys of their homes to the new owners. The apartments in Boreal Plus are defined first of all by the safety and durability of the construction, but also by the comfort they offer inside. With large glazed areas, generous terraces, underfloor heating and a panoramic view of the Black Sea and Lake Siutghiol, the apartments in Boreal Plus are versatile and can be easily customized to meet the demands of different types of customers. We have also prepared for our clients some fully furnished apartments, which can be visited at any time and which can help them feel "at home" from the first viewing." said Ovidiu Grinici, Sales Director IMPACT Developer & Contractor.”
The second development phase of the Boreal Plus compound in the north of Constanta will include 132 apartments, the entire project totaling 673 units with an estimated market value of over 84 million euro. The entire project also includes the construction of a private kindergarten, a park with playgrounds dedicated exclusively to residents, but also several commercial spaces.
IMPACT develops sustainable large-scale residential compounds, getting involved in numerous social responsibility projects, for the benefit of the community. Thus, in December 2022, IMPACT completed the construction of a roundabout in Constanța city, located at the intersection between Tomis Boulevard and Amsterdam Street. The new roundabout improves road traffic both for the residents of the new Boreal Plus residential compound, as well as for those who live in the other neighborhoods located in the north of Constanta and for all those who transit the city towards Ovidiu and A2 highway, streamlining traffic and increasing safety on this section. The total investment in this public infrastructure project amounted to over 450,000 euro, the beneficiary being the National Road Infrastructure Administration Company (CNAIR) through the Constanta Regional Roads and Bridges Directorate.
IMPACT is the company that first introduced the concept of "residential compound" on the Romanian real estate market and the developer of the first private residential compound built in Constanta after 1989.
Impact Developer & Contractor received the maximum score of 10 points for the communication with the investors. This is the third year that IMPACT receives the maximum score. The evaluation takes place according to the VEKTOR methodology for the regulated market, which analyzes 12 criteria such as the transparency, accessibility and speed of information provided to investors, in the previous year, and is carried out by ARIR - the Romanian Investor Relations Association.
"We once again scored 10 points out of 10 for communication with the market, according to the VEKTOR by ARIR indicator, which confirms our openness and speed of response, the transparency and honesty that we present with everything we do. In the recent years, we have had capital increases that have attracted new shareholders and diversified the base of investors with whom we are in permanent dialogue,'' said Constantin Sebeșanu, CEO of IMPACT Developer & Contractor.
"This year, ARIR evaluated more than 100 companies listed on the Bucharest Stock Exchange, and we can see an increasing interest of the capital market in the announced results. I congratulate IMPACT for obtaining the maximum score and, in addition to being an excellent communicator with the investors, the company's team is also very active in the ARIR community, supporting the organization's efforts to develop the capital market", said Daniela Șerban, President of ARIR.
Obtaining the maximum score comes as a result of meeting objective criteria such as the periodic transmission of information and reports regarding the financial results or the evolution of price of IMP shares, the organization of teleconferences and events dedicated to investors, the constancy of press releases, as well as the allocation of dedicated human resources to IR projects and corporate governance. The VEKTOR score is available on the company’s page on the website of the Bucharest Stock Exchange.
IMPACT is the first real estate developer in Romania listed on the Bucharest Stock Exchange, in 1996, and during the 27 years of uninterrupted listing, the company stood out for the diversity of stock market capitalization instruments used. Currently, IMP shares are listed in the Premium category of the Stock Exchange.
IMPACT Developer & Contractor, the first real estate developer established in Romania and also the first real estate company listed on BVB, sued the Bucharest City Hall, the District 1 City Hall and the National Directorate of Forests - Romsilva, in order to determine these instituitions to respect their legal obligations assumed in the decisions of Bucharest General Council, District 1 City Hall Council and those mentioned in the acceptance document signed with IMPACT and to definitively grant public access between Privighetorilor Alley and Padurea Pustnicu road.
The decision to sue the above mentioned institutions was taken as a result of the authorities’ delay in implementing the procedure for the definitive reopening of the Vadul Moldovei road for public access, in accordance with the assumed legal obligations, and also considering the unfounded statements of some representatives of these institutions who had the task to solve, not hinder, this process.
„Considering the closure of a section of Vadul Moldovei road which served as the only access road to District 1 for the residents of the GREENFIELD Băneasa, as well as the latest public statements of the local authorities refusing to implement their own decisions, IMPACT has no other legal choice than to sue them. We do this with regret, as we hoped for a much better collaboration with the authorities, for the benefit of these more than 6,500 residents of District 1.”, stated Constantin Sebesanu, CEO IMPACT Developer & Contractor.
The information circulated in the public space according to which IMPACT had the obligation to create the access ways to the compound through signed and publicly assumed documents, is false. However, IMPACT has shown its willingness to support the authorities in this regard, proposing the construction of additional access solutions by its own investment. Although IMPACT started the process in 2017, the approval procedures have not yet been completed. IMPACT has demonstrated that it has the ability to carry out such infrastructure projects, as evidenced by the more than 8 km of internal roads in the GREENFIELD Băneasa compound built so far.
Moreover, the multiple public statements of the representatives of the mentioned authorities intentionally transfer responsibility for this situation to IMPACT. We emphasize that in order to support and speed up the definitive solution to the situation, IMPACT donated, six years ago, three plots of land with a total area of 6,000 sqm, located in the suburbs of District 1 of the Municipality of Bucharest, to the City Hall of the Municipality of Bucharest, with the aim of carrying out the formalities for transfering the road from the public domain of the Romanian State to the public domain of the Municipality of Bucharest. This was an essential condition in resolving the situation and should have facilitated and accelerated the whole process, the rest being formalities between the state authorities.
The obligations assumed unequivocally by the authorities clearly emerge from decisions no. 218/08.06.2017 and 608/19.12.2017 of the General Council of the Municipality of Bucharest, from decisions no. 236/31.07.2017, 278/01.09.2017, 345/31.10.2017, 1/31.01.2018 of the Local Council of District 1, as well as from the document of acceptance of the donation made by IMPACT.
"We have taken note of the full content of the Notice no. 11133/C.M.R./18.05.2018 issued by the National Directorate of Forests - Romsilva, which makes clear that all the premises are met to carry out the task imposed on us by the donor IMPACT DEVELOPER & CONTRACTOR S.A. through the Additional Act no. 1, act authenticated under no. 1696/25.10.2017. At the same time, by this act, we oblige ourselves to compensate the National Directorate of Forests - Romsilva, the lands that are the object of this act, according to art. 37 of the Forestry Code of Romania, in order to open public access between Privighetorilor Alley and Padurea Pustnicu road, (...)." it is mentioned in point 5 of the Act of Donation Acceptance, signed on 13.06.2018 by the General Mayor of the Municipality of Bucharest.
The entire history of Vadul Moldovei road can be read here.
Considering the recent car traffic restriction on the road located in Vadul Moldovei Street, District 1, Bucharest, by closing it with a barrier, as well as the procrastination by the Bucharest City Hall and the District 1 City Hall of the necessary procedures for its transfer from the public domain of the Romanian State, in the public domain of the Municipality of Bucharest, managed by Romsilva, IMPACT DEVELOPER & CONTRACTOR SA makes the following statements:
Over time, being aware of the disadvantages and the impact of closing public access to the Road, the Municipality of Bucharest and Romsilva, together with other authorities such as the Ministry of the Environment and the District 1 of the Municipality of Bucharest have tried to identify solutions to unblock this situation.
Thus, between 2017 - 2018, a series of decisions were taken by the General Council of the Municipality of Bucharest and also by the Local Council of the District 1 City Hall, with the purpose of unblocking the situation regarding the Road, meetings were held between the representatives of the authorities involved, permits were issued by Romsilva's board of directors for the transfer of forest roads and correlative lands from the public domain of the Romanian State and from Romsilva's administration into the public domain of the Municipality of Bucharest and also Romsilva and District 1 City Hall concluded a contract of use, having as object the public use with vehicles of two forest roads.
Further more, in support of this initiative, IMPACT donated three plots of land with a total area of 6,000 sq m and a value of 800,000 euro (VAT excluded), located in District 1 with the purpose of carrying out the formalities for the transfer of the Road from the public domain of the Romanian State – in the administration of Romsilva, in the public domain of the Municipality of Bucharest.
The General Council of the Municipality of Bucharest accepted the donation with obligations and approved the conclusion of the donation contract subject to obtaining Romsilva's consent.
On May 18, 2018, Romsilva issued the permit for the acceptance of the donation.
Bucharest City Hall accepted the offer on June 13, 2018.
By accepting the donation, the Municipality of Bucharest obliged itself to give Romsilva the lands received from IMPACT as compensation, in order to open public access to the Road, between Privighetorilor Avenue and Padurea Pustnicu Road.
Next, on September 20, 2019, Romsilva issued the notice for the definitive removal of the 3,009 sqm land from the forest fund under the public ownership of the Romanian State for the construction of the access road - the beneficiary being the Municipality of Bucharest, as well as for the introduction into the forestry circuit, in equivalent compensation, of the donated lands.
Despite the above mentioned facts, the authorities involved in this process, without any legal justification, stopped carrying out the necessary formalities to allow public access to the Road, respectively to complete the necessary procedures for the transfer of the Road from the public domain of the Romanian State (under the administration of Romsilva) into the public domain of the Municipality of Bucharest.
More specifically, the Municipality of Bucharest has not yet fulfilled its obligation to perform the task as assumed in the donation contract.
During the year 2022, IMPACT notified all the institutions involved in order to determine the Municipality of Bucharest through the General Mayor to complete these steps. The current situation is the result of the passivity of the General Mayor who refuses to complete the steps described above.
At this moment, the General Council of the Municipality of Bucharest must request the Romanian Government to issue a decision on the basis of which the transfer free of the Road from the public domain of the Romanian State, under the administration of Romsilva, to the public domain of the Municipality of Bucharest, under the administration of the General Council of the Municipality of Bucharest, and to pay the applicable fees, for the permanent removal of the land from the national forest fund.
Otherwise, IMPACT will have to initiate court actions in order to obtain the right of access to this road, for the benefit of the over 6,500 residents in the surrounding area.
Under these conditions, the only authorities able to restore a legal situation will be the courts. Although we cannot guarantee the result of our actions because the courts are sovereign in judging, we are confident that we will win the case.
Moreover, in recent years, IMPACT has taken all the necessary steps to build three other access roads to the Greenfield Baneasa compound. For this purpose, our company purchased land, invested in technical projects, drew up and submitted documentation, all three projects have been waiting for the approval of the authorities for four years, in each of the cases below there have been delays in their response.
The three projects are in various approval stages, as follows:
In more than 30 years of experience in the real estate market in Romania, IMPACT has provided the well-being of the residents of the built compounds, both through the high quality of the homes and through the positive impact on people's lives, developing communities with an emphasis on sustainability, efficiency and generating added value for all parties involved.
IMPACT Developer & Contractor (stock symbol IMP), the first real estate developer in Romania and also the first real estate company listed on the Bucharest Stock Exchange, was designated the most sustainable real estate developer of the year at the Financial Intelligence Awards Gala.
IMPACT Developer & Contractor develops large residential sustainable communities. The group's efforts have been focusing in recent years on reducing carbon emissions through the design and execution of all developments to nZEB and BREEAM Excellent sustainability standards, alongside the exploitation of renewable energy sources such as the use of geothermal resources, geoexchange technologies, solar and photovoltaic panels and reducing the use of fossil fuels, as part of the implementation of the ESG framework. The direct effect of these measures felt by the residents is translated into the reduction of the property’s maintenance and management costs and the increase of the life quality.
"The recognition as the most sustainable real estate developer of the year honors us especially since it comes as a result of the company's firm commitment, assumed in the long-term strategy, to develop large scale sustainable communities. We are the developer of the first fully completed residential compound in Bucharest with BREEAM Excellent certification – LUXURIA Residence. We are constantly looking for innovative solutions to increase the life quality in the communities we develop", said Constantin Sebeșanu, CEO of IMPACT Developer & Contractor.
Currently, all IMPACT developments are designed to BREEAM Excellent standards, the most complex international certification process that recognizes the value of the project throughout its life cycle, analyzing the sustainability of the chosen solutions. BREEAM Excellent means more sustainable buildings that enhance the wellbeing of the people who live or work in them, while also helping to protect natural resources.
The developer’s portfolio also includes the projects GREENFIELD Băneasa from Capital and GREENFIELD Copou from Iași, both of which are based on the concept of home wellbeing, which implies, in addition to constructions made using materials and technical solutions of the highest standards of quality and durability, a mix of amenities inside the compounds that cover the most important daily needs of the residents in their immediate vicinity, thus reducing the pollution and stress caused by the time spent in traffic.
Thus, the GREENFIELD Baneasa compound, surrounded by over 900 ha of forest, benefits from a community center that includes: commercial spaces, wellness center with fitness room, swimming pools, spa and squash hall, as well as a school and state kindergarten for which the developer has already donated the land and the necessary technical project to the local authorities.
The GREENFIELD Copou project in Iasi, currently in the last stage of authorization, will become the "greenest" community in the entire region of Moldova and will include over 15,000 square meters of green spaces, 533 square meters of commercial spaces, kindergarten and afterschool, wellness center with fitness room and relaxation areas. GREENFIELD Copou is the first IMPACT project that also meets nZEB sustainability criteria.
IMPACT Developer & Contractor is the most experienced developer on the Romanian market, with over 30 years of activity, standing out throughout its history as the most innovative real estate company.
IMPACT Developer & Contractor (stock symbol IMP), the first real estate developer in Romania and also the first real estate company listed on the Bucharest Stock Exchange, continues the vertical integration process and establishes its own architecture and design firm - Impact Alliance Architecture (IAA).
The growth strategy of the IMPACT group is based on three pylons: sustainability, innovation and vertical integration, national expansion and portfolio diversification. The vertical integration process, started in the first part of this year, when IMPACT took over the majority shareholding of the constructor RCTI Company, continues with the acquisition of other specialized services, complementary to the real estate development activity.
The establishment of Impact Alliance Architecture comes as a result of the need to constantly adapt to the demands of a competitive, changing market. The new company, with attributions in the fields of architecture and habitat, urban planning and sustainable territorial development, aims to find those last-generation technical solutions compatible with the IMPACT vision, in order for the group's projects to become benchmarks in terms of sustainable developments.
Impact Alliance Architecture will design through innovation, technology and with responsibility towards the environment. Thus, in the coming months, the company will manage large-scale projects that will be developed by IMPACT, with a total value estimated at over 1.5 billion euro.
IMPACT Developer & Contractor (stock symbol IMP), the first real estate developer established in Romania and also the first real estate company listed on the Bucharest Stock Exchange, with an uninterrupted presence of over 25 years, reports in the first nine months of the year a 43% increase in turnover, an increase of 99% in net profit and a gross margin of 36%. The increases are mainly due to the optimization of processes at group level and to vertical integration, an example being the acquisition of the majority stake of the construction company RCTI.
In the first nine months, IMPACT sold 173 units, with a total value of 129.6 million lei, up by 19% compared to the same period of last year. 78% of the sold units are located in LUXURIA Residence, the greenest newly built neighborhood close to the city center, where the developer came out on the market with pre-leased apartment packages, which benefit from integrated administration services provided by the subsidiary company Spatzioo. The rest of the units are located in the GREENFIELD Băneasa compound in the north of Bucharest and in the Boreal Plus complex in Constanta, projects in which IMPACT continues to invest heavily.
“The third quarter results are on an upward trend as we complete successive developed phases of our projects. The vertical integration policy adopted in the first part of the year has started to yield results in terms of optimizing the production cycle and controlling costs. Within this strategy, we have already integrated the construction company RCTI and we are finalizing the establishment of our own architecture and design company, IMPACT ALLIANCE Architecture. We are confident in the next period, considering that we are recording income from the completed phases in GREENFIELD Băneasa in Bucharest and BOREAL PLUS in Constanța. We are also happy to announce the imminent opening of the GREENFIELD Plaza community center, which includes the shopping gallery and the wellness center that will serve the residents of the GREENFIELD Băneasa compound. In Iași, we are waiting for the release of the building permit to immediately start work on the GREENFIELD Copou project.”, stated Constantin Sebesanu, CEO IMPACT Developer & Contractor.
In the first nine months of the year, IMPACT attracted capital worth 77.7 million lei through actions of share capital increase.
IMPACT owns a valuable portfolio of land (approximately 73.50 ha) on which it will develop projects in Bucharest, Constanta and Iasi, with a gross development value estimated at 1.5 billion euro.
IMPACT Developer & Contractor, the first real estate developer in Romania and also the first real estate company listed on the Bucharest Stock Exchange (stock symbol IMP), completed in GREENFIELD Băneasa a new stage of development, Panoramic Apartments, with a total market value estimated at over 16 million euro. The total number of completed dwellings in GREENFIELD Baneasa thus exceeds 2,650 units.
The newest apartments completed in GREENFIELD Băneasa together with the assigned parking lots, mostly underground, are already 97% contracted. The owners can move in from the second half of October. The 97 apartments are situated in 2 buildings with a height regime of 9 and respectively 6 floors, with premium finishes and a panoramic view over Baneasa Forest.
"Started 15 years ago, GREENFIELD Băneasa remains a contemporary and competitive project, in the top searches and choices of Bucharest inhabitants. Thus, we are contracting more than 80% of the apartments from the construction phase. The opening this autumn of the two facilities, GREENFIELD Plaza and Wellness Club, will further increase the attractiveness of GREENFIELD Băneasa, an emblematic residential compound, not only for the IMPACT portfolio, but also for the entire northern area of the capital city", said Ovidiu Grinici, Sales Director at IMPACT Developer & Contractor.
GREENFIELD Băneasa residential complex is located in the northern area of Bucharest, in the immediate vicinity of the Băneasa and Tunari forests. The development of the complex began in 2007 and is scheduled to end in 2028, when the complex will comprise over 6,000 residential units and over 15,000 inhabitants.
GREENFIELD Baneasa is currently in the fourth phase of development. This month, IMPACT obtained from OTP Bank a financing of 40 million euro for the completion of 732 apartments in this phase, apartments that will be delivered next year.
IMPACT Developer & Contractor, the first real estate developer listed on the Bucharest Stock Exchange (stock symbol IMP), closes the first semester of 2022 with a 45% sales increase and a 64% gross profit increase compared to the same period of last year. Thus, the developer obtained 90.3 million lei by selling completed units and a 35.23 million lei gross profit, with a 39% gross margin.
The sales increase is due to having completely finished the LUXURIA Residence compound located in Expozitiei area in Bucharest. In the first semester, IMPACT pre-contracted and reserved 177 new units in the company’s projects located in Bucharest, Constanta and Iasi. Thus, as of June 30, 2022, IMPACT had a total of 618 pre-contracted and reserved units, with a 363.1 million lei value, which will be recorded as income starting the second semester of 2022.
“We have quickly adapted to the new geopolitical context and managed to maintain a good pace of sales and pre-sales. Real estate remained one of the safest investment options and clients who wanted to secure their capital chose our projects due to the quality and sustainability of the developments. The first half of the year was, therefore, an effervescent one, with an intensification of operational activity, through the expansion in Bucharest and in other big cities of the country, a vertical consolidation at group level, and on the capital market, through the conclusion of capital increases, with a cash contribution and by incorporating reserves in a total amount of 45.4 million euro. For the second half of the year, we plan to accelerate production and continue expanding nationally. We are convinced that the ambitious project development program, along with the increase in free-float, will lead to better liquidity of IMP shares”, said Constantin Sebeșanu, CEO IMPACT Developer & Contractor.
As of June 30, 2022, IMPACT owned 89.4 ha of land with an EPRA value estimated at 786.5 million lei, of which 73.5 ha with immediate development potential, on which can be built up to 15,000 apartments, infrastructure and spaces for community services (schools, kindergartens, church, parks) and shopping centers, with a cumulative development value of over 1.5 billion euro.
By the end of the year, IMPACT will open GREENFIELD Plaza, which includes the Wellness Club by Greenfield , and will deliverover 300 new apartments. In the next 12 months, IMPACT plans to complete another 750 apartments and will start new investments nationwide for another 850 apartments, thus creating the conditions for a positive business development in 2023.
IMPACT Developer & Contractor, the first real estate developer listed on the Bucharest Stock Exchange (stock symbol: IMP), announces a Capital Increase through Private Placement between August 18th and August 19th, through the issuance of a maximum of 125,000,000 shares.
The capital raised by IMPACT will be used to support the company’s development strategy. This operation is the second share capital increase through private placement in 2022, intermediated by Swiss Capital as licensed broker, after a successful first action finalized earlier this year.
"Despite the challenges generated by the economical global context, IMPACT has proven that it has the ability to adapt and continue to implement its mid-term growth development strategy. We are continuing our expansion both in Bucharest, where we are accelerating the development of GREENFIELD Baneasa, one of the largest residential projects in Bucharest, and nationally, with ongoing projects in Constanta and Iasi. In the coming months we will focus to launch the project in Iasi, the biggest masterplan project in Moldova, as Iasi is one of the fastest growing cities in the country with strong presence of various companies and with an increasing demand for residential.", says Constantin Sebeșanu, CEO of IMPACT Developer & Contractor.
At GREENFIELD Băneasa, work is underway to complete the last 435 apartments part of Phase 4, which totals 1,167 BREEAM Excellent certified apartments. The first three phases of GREENFIELD Băneasa – over 2,500 apartments – are completed and sold out. GREENFIELD Baneasa is IMPACT's flagship project, developed on more than 600,000 sqm of land in the northern part of the Capital, surrounded by 900 ha of forest, which will include more than 6,000 apartments at the end of its development in 2028, with an estimated total value of more than 800 million euro.
In GREENFIELD Copou, which aims to become the largest sustainable residential project in Moldova, complying with BREEAM Excellent sustainability criteria and nZEB construction standards, IMPACT will start the development for the first 292 apartments and the commercial area that will serve the entire complex. With a total value estimated at 163.6 million euro, the residential compound will have a total of 1,062 apartments and will benefit from a kindergarten and after-school, a sports and leisure club with indoor and outdoor swimming pool, commercial area and 15,000 sqm of green spaces.
At the moment, IMPACT owns 89.6 ha of land with an EPRA value (the EPRA values are determined in accordance with the standards of the European Public Real Estate Association) estimated at 799.2 million lei, of which 73.5 ha with immediate development potential, on which new large-scale projects with mixed functions and infrastructure projects will be developed: Greenfield Baneasa, Greenfield Plaza Baneasa, Greenfield West, Greenfield West Plaza, Luxuria City Center in Bucharest, Greenfield Copou and Greenfield Copou Plaza in Iasi and Boreal Plus in Constanta. The gross development value of these projects between 2022 and 2027 amounts to 1.3 billion euro.
This autumn, IMPACT delivers the community center and the health and relaxation club from the GREENFIELD Baneasa compund, the first phase of the Boreal Plus project in Constanta and estimates that it will complete over 450 apartments in various ongoing projects.
In its more than 25 years of uninterrupted listing on the BVB, IMPACT has attracted financing of 128.5 million euro for the development of its projects, through a series of financial instruments, including investment loans and the issuance of new shares and bonds.
IMPACT Developer & Contractor (IMP), the first real estate developer established in Romania and also the first real estate company listed on the Bucharest Stock Exchange (BVB), announced a transaction of 3.5 million euro: a 21 apartments package, located in LUXURIA Residence compound.
The buyer is a top Romanian company which actively invests in the residential market, offering premium apartments for rent, both long-term and short-term rental accommodation. By choosing LUXURIA Residence, the investor appreciated the quality/price ratio to be very good, and another important asset was that half of the apartments were already rented, thus the investor being able to assess the accurate yields.
“For an increasing number of investors, the principles of sustainable development are an important criteria in the selection of the properties in which they choose to invest. They understand the post-purchase benefits, which mean lower maintenance costs and a better quality of life. And this is what LUXURIA offers: buildings developed at BREEAM Excellent standards, almost 10,000 square meters of green spaces within the complex, a large number of facilities right in the compound - lounge, reception, fitness center, playgrounds, underground parking, secured access, but also a very good connectivity with many points of interest in the city.” said Constantin Sebeșanu, CEO IMPACT Developer & Contractor.
LUXURIA compound is located in the Expozitiei area of the Capital and is the first residential compound completed in Bucharest with BREEAM Excellent certification. BREEAM Excellent is the most complex process of certification at international level, which recognizes the value of the project throughout the built life cycle, analyzing the sustainability of the project solutions.
In July 2022 IMPACT sold the most expensive apartment in LUXURIA Residence, a duplex worth 734,000 Euro. The whole condominium comprises 9 residential buildings with 630 apartments with 2, 3, 4 rooms and duplexes.
IMPACT Developer & Contractor, the first real estate developer established in Romania and also the first real estate company listed on the Bucharest Stock Exchange (BVB), sold the most expensive apartment in LUXURIA Residence compound, worth 734,000 Euro. The transaction was carried out by the developer's internal sales team.
The recently traded apartment from LUXURIA Residence is a 5-room duplex with an area of 300 square meters and a generous terrace of 36 square meters. The package also included two underground parking spaces.
Located in the northern area of the Capital City, LUXURIA Residence is the first residential compound with BREEAM Excellent certification in Bucharest, completely finished at this moment, its total estimated current value being 150 million Euro. The whole condominium comprises 9 residential buildings with 630 apartments and benefits of 9,650 sqm of green spaces, two parks with urban furniture and an artesian fountain, playgrounds, a fitness center equipped with state-of-the-art equipment, an elegant lounge and underground parkings. LUXURIA residential complex brings together a unique mix of features: sustainable dwellings built at BREEAM Excellent standards, easy access to a large numebr of city attractions, as well as many indoor recreational spaces.
“IMPACT already has a solid reputation in the main segment of the residential market, in the housing sector adressed to middle-income customers, where we deliver to the highest standards at affordable prices. By closing this transaction in LUXURIA Residence we have taken the first step into a higher market segment, the premium housing sector. Worth mentioning is that one of our main arguments is the quality of services and facilities offered to our customers, similar to those offered on the premium segment of the market”, stated Ovidiu Grinici, Sales Director of IMPACT Developer & Contractor.
Currently, IMPACT owns 89.6 ha of land with an EPRA value (EPRA values are determined in accordance with the standards of the European Public Real Estate Association) estimated at 799.2 million Lei, of which 73.5 ha with immediate development potential, on which new large projects, with mixed functions and infrastructure, will be built, such as: Greenfield Băneasa, Greenfield Plaza Băneasa, Greenfield West, Greenfield West Plaza, Luxuria City Center in Bucharest, Greenfield Copou and Greenfield Copou Plaza in Iasi and Boreal Plus in Constanta. The gross development value of these projects, in the period 2022 - 2027, amounts up to 1.3 billion Euro.
IMPACT Developer & Contractor is one of the first 3 companies listed on the Bucharest Stock Exchange (BVB) and at the same time the first listed real estate developer, in 1996. In over 25 years of uninterrupted listing, IMPACT has stood out as an innovative company and for the diversity of stock market financing tools it has used.
Since March 2022, IMPACT shares have been included in the FTSE Global Micro Cap Index, part of the FTSE Global Equity Index Series (GEIS) dedicated to Emerging Markets.
Bucharest, 13.07.2022: IMPACT Developer & Contractor, the first real estate developer established in Romania and the first real estate company listed on the Bucharest Stock Exchange (BVB), acquires the majority shareholding of RCTI Company.
IMPACT Developer & Contractor has concluded an agreement with RCTI Company to take over 51% of the company's shares. Following the transaction, RCTI Company will be better capitalized in order to adapt to the increasing volume of construction works in partnership with IMPACT Developer & Contractor. The completion of the transaction is conditioned by the Competition Council’s approval.
“Taking over the majority shareholding of RCTI Company aims to increase the company's specialization and focus on Impact projects. Our main objective is to increase the construction capacity through a better control over the quality of construction works and execution deadlines, but also through the centralization of procurement at group level for cost control, so as to achieve the targets set in the development strategy for 2022 – 2027. RCTI is a company with outstanding human potential, with a healthy organizational culture, a vital foundation to reach its great growth potential, and the integration with IMPACT creates these premises. In the next period, we will focus on process optimization and organizational harmonization, so that the entry of RCTI Company into the IMPACT group large family will bring additional benefits to our customers while improving the profitability of companies”, has stated Constantin Sebesanu, CEO IMPACT Developer & Contractor.
RCTI Company is an important player on the construction market in Romania, the company registering in 2021 approximately 95.3 million lei turnover and a profit of over 3 million lei.
Currently, IMPACT Developer & Contractor and RCTI Company have ongoing general undertaking contracts of over 50 million euros, for the construction of buildings in Greenfield Băneasa compound, located in the North of Bucharest.
IMPACT Developer & Contractor is one of the largest Romanian real estate developers, with a market presence of over 30 years. The group’s portfolio includes companies that develop large residential projects in major cities in the country and that offer integrated services to their clients: property and facility management services, loan brokerage, interior design, real estate rental and sale services.
Impact Developer & Contractor, the first real estate developer listed on the Bucharest Stock Exchange (IMP stock symbol), registered, on June 30, in the Trade Register the share capital increase operated by granting each shareholder 2 free shares for every 5 shares owned.
IMPACT’s share capital increases up to 580,730,953.25 lei, by the partial incorporation of the undistributed reported result in the previous financial years. The 663,692,518 newly issued shares have a value of 165,923,129.50 lei and will not change the shareholdings.
“The purpose of this operation is, on the one hand, to provide additional remuneration to our shareholders and, on the other hand, to strengthen our financial position and support the company's development plan. The year 2022 came with challenges difficult to anticipate. Beyond the geopolitical context, price increases accompanied by uncertainty followed, but IMPACT proved to have an adaptable business model by finding new resources and using a diversified range of financing instruments. Our ultimate goal is to develop sustainable communities for our customers and create added value for the company's shareholders” said Constantin Sebeșanu, CEO IMPACT Developer & Contractor.
The increase of the share capital by issuing and granting 2 free shares for every 5 shares held was decided at IMPACT’s General Meeting of Shareholders on June 9, 2022. The registration of the new shares will take place on July 22 for all shareholders registered with the Central Depository on July 21, 2022.
Currently, IMPACT owns 89.6 ha of land with an EPRA value (EPRA values are determined in accordance with the standards of the European Public Real Estate Association) estimated at 799.2 million lei, of which 73.5 ha with immediate development potential, on which new large projects, with mixed functions and infrastructure, will be built, such as: Greenfield Băneasa, Greenfield Plaza Băneasa, Greenfield West, Greenfield West Plaza, Luxuria City Center in Bucharest, Greenfield Copou and Greenfield Copou Plaza in Iasi and Boreal Plus in Constanta. The gross development value of these projects, in the period 2022 - 2027, amounts up to 1.3 billion euros. The company’s portfolio also includes Luxuria Residence compound located in Expozitiei area in Bucharest, one of the few projects fully completed at the moment in Bucharest.
IMPACT Developer & Contractor is one of the first 3 companies listed on the Bucharest Stock Exchange (BVB) and at the same time the first listed real estate developer, in 1996. In over 25 years of uninterrupted listing, IMPACT has stood out as an innovative company and for the diversity of stock market financing tools it has used.
Since March 2022, IMPACT shares have been included in the FTSE Global Micro Cap Index, part of the FTSE Global Equity Index Series (GEIS) dedicated to Emerging Markets.
IMPACT Developer & Contractor closes the first quarter of 2022 with a 16.96 million lei gross profit, up 49% compared to the same period last year, despite of a difficult start of the year, marked by the last wave of the Covid-19 pandemic and the conflict in Ukraine.
“The beginning of the year was a positive one for IMPACT, with a successful share capital increase action and increasing sales amid the entry into force of the new law on housing VAT. Unfortunately, the war in Ukraine had a negative impact on all markets, industrial and especially on the middle segment of residential developments, where most customers buy on loans and where an attitude of expectation was observed, as a direct effect of the increasing interest rates. On the other hand, we noticed a very large increase in demand from small investors for completed medium-high projects and we are glad that we were able to respond to this request with the Luxuria Residence project ", said Constantin Sebesanu, CEO Impact Developer & Contractor.”
In the second of a 3-year production cycle, IMPACT had signed as of March 31, 2022 pre-sale and reservation contracts for 509 apartments, with a 288.83 million lei value, which is expected to turn into revenue from the second quarter of 2022 until 2024.
The first quarter of the year also brought the inclusion of IMP shares in the Global Micro Cap FTSE Russell indices, part of the FTSE Global Equity Index Series (GEIS) for Emerging Markets. IMPACT’s inclusion in the index series came as a result of meeting the capitalization and liquidity criteria. At the time, only 5 other Romanian companies had been included in the FTSE Russell indices, and the increase of the Romanian companies share brought an increase of visibility and opportunities to attract capital not only for the company, but for the entire local business environment.
In January 2022, IMPACT successfully carried out the first share capital increase action of the year, concluded by registering at the Central Depository the 84,231,295 new shares totaling 58,961,906.50 lei, subscribed through Private Placement. IMPACT’s share capital was thus increased from 393,750,000 lei to 414,807,823.75 lei, with 16 investors participating, 6 of which were institutional investors.
The Company plans to continue implementing the 6-year investment strategy, approved last year, aimed at developing new projects both in Bucharest and in other important cities of the country.
As of March 31, 2021, IMPACT owned 89.4 ha of land with an EPRA value estimated at 799.2 million lei, of which 73.5 ha with immediate development potential, on which new large-scale projects with mixed functions and infrastructure projects will be erected. In addition to the expansion process at national level, the Company has diversified its current portfolio of projects, getting involved in the development of the largest community center in a private residential complex, which will include wellness club, shopping center, office building, public school and kindergarten.
The year 2021 represented for Impact Developer & Contractor the first year of a new production cycle, the capitalization and consolidation of the company, but also the start of sales.
Last year a total of 430 units, worth of 250 million lei were pre-sold, in increase with 37% compared to 2020, etimated to be capitalized as the projects are being completed. A total of 183 units, with a value of 138 million lei, were sold. 77% of the sold units are located in LUXURIA Residence in Bucharest, where the last development phase was completed in December 2021.
The operating profit of the group totaled 98.5 million lei, with a slight increase compared to 2020, in the context of lower sales revenues and a low level of completed units in GREENFIELD Baneasa, the group's main project. In 2021 the gross margin was 36%, up from 31% last year. Starting with 2022, the previously signed pre-sales will be capitalized, as the projects will be completed, being fully reflected in revenues, while maintaining the trend for the gross margin.
IMPACT also started an extensive internal consolidating process, the group’s preliminary financial results indicating an increase in equity since the launching of the financing program of the 6 year strategy announced in the summer of 2021.
“The year 2021 marked the beginning of the construction for the extension of some projects or the development of new ones, operations that on the residential market usually last for 3 years. It was also a year in which we optimized processes, we invested heavily, purchased land and took concrete actions for expansion in the most important cities of the country. As a result, we have seen a growing interest from the customers, a fact visible in the increasing number pre-sales, but also from the investors, who decided to join us by subscribing to the share capital increase that took place in January 2022.We aim to enhance our free-float and the liquidity of IMP shares on BVB, in order to sustain our financing program through new issues of green bonds and shares”, stated Constantin Sebeșanu, CEO Impact Developer & Contractor.
In 2021, IMPACT continued to expand nationwide by acquiring a 2.6 hectares of land in Iasi, in addition to the one purchased in 2020. The entire land has a total area of 5 hectares and will be used for the development of Greenfield Copou compound, one of the largest projects in Moldova area, which will include 1,062 apartments with an estimated value of 830 million lei.Thus, on December 31, 2021, IMPACT owned 89.4 ha of land with a market value of 798 million lei, on which new large projects with mixed functions will be developed, along with infrastructure projects.
In addition to the nationwide expansion process, the company has diversified its current project portfolio. IMPACT is building the largest community center in a residential neighborhood, in the Greenfield Baneasa compound, which will include a Wellness Club, an office building, a shopping center, public school and kindergarten.
IMPACT’s strategy
The company's strategy for the next 6 years aims at the development of 1.25 million sqm residential units, with an estimated market value of over 1.5 billion lei. The new projects will be developed on large areas of land, in unique and remarkable locations, with green neighborhoods, built to nZEB and BREEAM Excellent standards, using sustainable principles and technologies, respectively using alternative energy sources, "smart city" solutions and electric mobility solutions.
Capital market
Recently, the company received the maximum score of 10 points for communication with investors in 2021, according to the Association for Investor Relations on the Romanian Stock Exchange (ARIR), based on the evaluation of VEKTOR index. On the 18th of February 2022, IMP shares were included in the FTSE Global Micro Cap index, following the fulfillment of the capitalization and liquidity criteria on December 31, 2021.
Impact Developer & Contractor received the maximum rating from the Romanian Investors Relations Association (ARIR) based on the evaluation of the VEKTOR index. This indicator of communication performance for 2021 was awarded based on a strict methodology that analyzes 15 criteria of transparency, accessibility and information swiftness provided to investors.
"The VEKTOR index assesses transparency in communication, an intrinsic value that we have assumed and which is the foundation of the trust that investors have in our company. We appreciate the efforts and involvement of ARIR and BVB for developing an environment for the growth of Romanian capital market.'' said Constantin Sebeșanu, CEO of Impact Developer & Contractor during the ARIR results presentation ceremony.
”Impact Developer & Contractor has an excellent communication with investors according to VEKTOR methodology, thus making the management team’s efforts visible. The new strategy announced last year, along with a proactive communication, sets the conditions for success on the capital market. In ARIR we build an active community in adopting the best standards in investor communication and corporate governance.”, stated Daniela Șerban, President of ARIR.
IMPACT, the first Romanian real estate development company listed on BVB, with over 30 years of activity, received, based on the evaluation of the communication actions carried out during 2021, the maximum rank. For validating this performance, objective criteria such as the existence of a communication team dedicated to investors, the frequency with which the financial results or those related to the share price were transmitted, the consistency of press releases or information on corporate governance were analyzed.
IMPACT Developer & Contractor has fully completed the LUXURIA Residence compound, the first BREEAM Excellent residential certified project in Bucharest, with a total current value estimated at 150 million Euros.
The entire condominium, contracted in proportion of over 50%, totals nine buildings with 630 apartments, 728 underground parking spaces, 9,650 square meters of green spaces, fitness center, two lounges, reception and playgrounds for children.
IMPACT made the reception of the last phase of LUXURIA Residence, which therefore becomes the first entirely completed residential compound in Expoziției area, an area that, due to its extremely attractive positioning in the Capital, is currently going through an urban revival process, with a multitude of projects in course of development or announced for the coming years.
"LUXURIA Residence is a green compound in the city, close to the city center, a park between parks. A neighbourhood with a mix of unique features that are hard to find in the city, even taken individually, LUXURIA was designed to provide a high life quality standard in the newest development pole of the city, a goal that we have fulfilled despite the challenges posed by the pandemic context. We are very happy to shape a new and growing community inExpozitiei area. The last two buildings of the ensemble, for which we made the reception with the authorities at the end of the last year, perfectly complete the harmonious setting we designed for the residents, adding playgrounds for children, both outside and inside", said Constantin Sebeşanu, CEO Impact Developer & Contractor SA.
In the development of LUXURIA Residence IMPACT gave a special importance to the sustainability of the buildings and the wellbeing of the residents, LUXURIA being the first residential compound in Bucharest that meets the BREEAM Excellent certification criteria. BREEAM Excellent is the most complex certification process at international level, which recognizes the value of the project throughout the built life cycle, analysing the sustainability of project solutions
Impact Developer & Contractor, the first real estate developer listed at Bucharest Stock Exchange (stock symbol IMP) announces the development between 04.01.2022 – 21.01.2022 of a capital increase of maximum 245 million lei by issuing up to 350 million shares, at the price of 0.70 lei/share, through Private Placement.
The new issue of share capital increase aims to support the development strategy for the next 6 years, a strategy that aims the development of 1.25 million sqm of residential constructions, with an estimated market value of approximately 1.4 billion EUR. The new residential projects will be developed on large areas of land, in unique and remarkable locations, with green neighborhoods, built to nZEB and BREEAM Excellent standards, using sustainable principles and technologies, respectively using alternative energy sources, "smart city" solutions, electric mobility solutions.
„We start 2022 in full force and we intend to capitalize on the excellent moment we are in after the shareholders have approved the ambitious development strategy that we proposed, focused on large and sustainable projects.”, says Constantin Sebeșanu, CEO of Impact Developer & Contractor.
Currently, the company owns over 73 hectares of land in Bucharest, Constanta and Iasi, on which it develops 6 projects: GREENFIELD Baneasa, GREENFIELD West, LUXURIA Expozitiei and LUXURIA Verdi Parc, in Bucharest, BOREAL Plus in Constanta and GREENFIELD Copou in Iasi.
In addition, the company aims to increase the free-float and liquidity of the share on the Bucharest Stock Exchange. IMP shares closed the last trading day of the year at the price of 0.7 lei/share, after an advance of 123% in 2021, on increasing volumes.
The start of the capital increase through a private placement is based on the decision of the Extraordinary General Meeting of Shareholders on 20.08.2021, which approved the increase of the company's share capital, by cash contribution, through one or more issues of new ordinary shares, with a maximum number of 775 million new shares. The final number of new shares by which the share capital will be increased within the new private placement will be established following its development and completion, by the decision of the Board of Directors which will ascertain the number of shares subscribed and which will approve the amendment of the articles of incorporation of the Company accordingly.
Bucharest, 12 November, 2021: Impact Developer & Contractor (stock symbol IMP), the first real estate developer listed on the Bucharest Stock Exchange, recorded a 51% increase in the number of contracted housing units in the first 9 months of the year, compared to the same period last year. Thus, pre-sales and reservations were concluded for 379 housing units, with a total value of EUR 40.9 million.
The increase in operational activity is a positive signal for the shareholders and investors of Impact Developer & Contractor (Impact), the company being at the beginning of a new production cycle, registering on September 30, 2021 a large number of housing units under development at national level. Thus, at the end of the first 9 months of the year, Impact had building permits for 1,264 apartments in Greenfield Baneasa in Bucharest and 359 housing units in Boreal Plus in Constanta. At the same time, the company is in an advanced stage of receiving building permits for an additional 2,655 units, thus forecasting a doubling of the volume of construction in the near future.
As part of the expansion strategy in other major cities of the country, the company owns approximately 73.5 hectares of land in Bucharest, Constanta, Iasi and Oradea, on which it develops 6 projects: Greenfield Baneasa (expansion, Bucharest), Boreal Plus (Constanta), Greenfield Copou (Iasi), Luxuria City Center (Bucharest), Greenfield West (Bucharest) and Lotus (Oradea). The projects total about 12,404 apartments, which have an approximate market value of 1.8 billion EUR, of which 906 million EUR are estimated in the period 2022-2027.
”We are approaching the achievement of another objective in our medium-term development plan, which has certainly increased the attractiveness of the Greenfield Baneasa compound: the completion of the largest community center in a residential neighborhood. The community center includes an extensive network of stores that will cover the immediate needs of the community, an impressive wellness space equipped with a gym of 1,114 sqm, SPA elements, tennis courts, squash, spinning room, semi-Olympic pool and outdoor pool. In September it was also issued the building permit for the first public school and kindergarten which will be built in a new residential compound and which are estimated to serve the entire community starting with the 2023-2024 school year. These new educational units will be built at European standards and will accommodate 780 children in the gymnasium cycle and 150 children in kindergarten. Thus, the large number of pre-sales is a confirmation of the growing interest among buyers for large, sustainable communities and sustainable projects. The results obtained motivate us to continue implementing sustainable and technological solutions that considerably improve the quality of life.” declared Constantin Sebesanu, CEO Impact Developer & Contractor.
Between January and September 2021, Impact sold 145 apartments, of which 121 apartments in the Luxuria Residence compound in Expozitiei, 21 units in Greenfield Baneasa and 3 apartments in other projects developed by Impact in the past. On September 30, 2021, the apartments completed in the northern district of the capital, Greenfield Baneasa, were 99% sold. The company is at the beginning of a new development strategy, which aims to develop in parallel in at least six locations at the country level, in various areas with potential. Through its vast geographical coverage Impact will continuously deliver apartments at BREEAM Excellent and nZEB (for projects authorized from 1 January 2021) sustainability standards, which offer a high level of housing quality while protecting the environment. Although at the beginning of the production cycle for most of the projects under development, thus having a low stock of completed housing units, the company recorded revenues of 22.29 million EUR in the first 9 months of the year and a profit of 7.33 million EUR.
In order to consolidate its activity according to the development strategy, Impact increased its share capital to the amount of 393.75 million lei in June, by incorporating capital premiums and part of the retained earnings. By the end of the year, Impact will increase the number of units under development to 2,500, thus building the foundations for the implementation of the 6-year development strategy published on the company's website.
Bucharest, 4th of November 2021: Impact Developer & Contractor, the first real-estate developer listed at the Bucharest Stock Exchange (BVB), reveals its new brand identity. Under the statement “Developing sustainable communities”, the new branding reflects the company’s vision of developing large residential communities using sustainable technologies and solutions, with a low environmental impact.
Impact Developer & Contractor’s mission is to have a positive impact on the lives of residents by developing large communities with focus on sustainability, efficiency, and wellness. The new visual identity represents both the company’s mission and its Commitment for “Green”, repositioning the Impact brand in the current context, where the care for the environment is a priority.
„The new brand identity stands perfectly for who we are and what we offer. The respect for the environment, the responsibility and integrity are among the core values that guide our entire activity. We aim for a „green” future for the communities that we are developing in the main cities of Romania and our 30 years of experience help us to always be one step ahead.” has stated Constantin Sebeșanu, CEO of Impact Developer & Contractor.
The new logo keeps its simple and authentic look, the differentiator being the colour palette. Thus, red becomes green, which symbolises the care for the environment and sustainable development and the grey colour in the text font reflects the large-scale housing development. The brand signature emphasises the company’s mission of creating sustainable communities.
In the latest years, the company has transitioned towards “green” housing by developing Luxuria Residence, the first completed residential project in Romania with a BREEAM Excellent certification. The same commitment to the “green” values will guide the company’s activity in the following years as the next project where Impact will implement the BREEAM Excellent certification is Greenfield Copou in Iasi. All the company’s new residential developments will be designed both in accordance with this international standard but also with the European nZEB standard. Recently, the company has made another major step towards sustainability by creating an ESG (Environmental, Social and Governance) department and by switching to electric automobiles for its own car fleet.
Bucharest, 27 October 2021: Greenfield Baneasa, the compound developed by Impact Developer & Contractor in the north of Bucharest, was designated Residential Project of the Year within SEE Property Forum. The neighbourhood surrounded by forest was awarded for uniqueness and its positive impact on the market.
At its first edition, the awards gala organised by Property Forum reunited personalities from the real estate sector in Romania. The jury of 22 members, including top players in the industry, designated the Greenfield Baneasa residential compound the winner from a selection of 6 projects completed in the last 12 months.
”We are honoured and glad that our landmark project has received the recognition of real estate professionals! Greenfield Baneasa brings together all the features we wish to implement within our projects in the country: large-scale residential development, which hosts a quality community, in a green neighbourhood, with facilities for an active and healthy lifestyle. These unique features of Greenfield Baneasa neighbourhood are very appreciated by its residents and desired by people living in Bucharest, according to a study we have recently conducted.”, declared Constantin Sebesanu, CEO Impact Developer & Contractor.
The Greenfield Baneasa community, currently of over 6,000 residents, is to be extended, Impact Developer & Contractor already holding building permits for 1,305 new units within the residential compound.
95% of Bucharest residents have changed their lifestyle and perspectives on housing quality in the last year and a half, as a result of the pandemic, according to a study commissioned by Impact Developer & Contractor. For the inhabitants of the capital, peace, outdoor green space and air quality are the most important aspects for the harmony of the home during the pandemic.
Conducted on a sample of 619 Bucharest residents, divided into inhabitants of various neighborhoods and Greenfield Baneasa residents, the district developed by Impact Developer & Contractor in the north of the capital, the study follows the perspectives on the quality of life during the pandemic and the aspects that contribute to the well-being of the inhabitants.
One of the conclusions of the study is that the pandemic has affected the lifestyle and housing preferences among Bucharest residents. In the last year and a half 47% of the Bucharest residents who do not live in Greenfield Baneasa would have opted to live in a reasidential area near a forest in order to benefit from peace, green spaces and fresh air. Just 3 out of 10 Bucharest residents would have chosen to live in the same habitation. For a higher level of comfort, 9 out of 10 Bucharest residents would have wanted a larger home, preferably a house or an apartment with private garden.
During the pandemic, Greenfield Baneasa residents considered as main advantages of the neigborhood the possibility to get outside to fresh air, the quietness, the lifestyle and the communication with neighbors. Due to the district’s location, the residents have felt less exposed to the COVID-19 risks, less limited in terms of options to get outside to fresh air, and less bored. Alongside these benefits, the quality of the house, together with the outdoor green space, including the view from the home, represented the most important housing criterion for a third of Greenfield Baneasa residents.
The pandemic has also affected the professional life of the Bucharest inhabitants. From the beginning of the pandemic to date, about 54% of Greenfield Baneasa residents have worked and continue to work mainly from home, while 37% of Greenfield non-residents have worked from home. The living conditions within Greenfield Baneasa facilitated this kind of working, 66% of its residents appreciating the possibility to work undisturbed.
The pandemic emphasised the need to be a part of a community. Thus the most important criterion Bucharest residents take into consideration for a future home is the quality of neighbors, residents of the district. The next criterion is the level of pollution, as Bucharest residents wish to live in an unpolluted area. At this moment, 61% of the Bucharest residents who do not live in Greenfield Baneasa are dissatisfied with the air quality.
In the following 2 years, about 3 out of 10 Bucharest inhabitants, Greenfield Baneasa non-residents intent to move in a new home. Green space (yard/balcony/proximity) and a larger surface are the main housing criteria for the new living place. Most of the Bucharest residents would opt for a 3-room apartment in a(n) area/district with easy access by car and available parking places.
The entire study is available on Impact SA.
Conducted during September 2021 on a representative of 619 Bucharest residents divided into residents of various districts and Greenfield Baneasa residents, the study was commissioned by IMPACT Developer & Contractor and carried out by QUANTIX Marketing Consulting.
Impact Developer & Contractor (IMP) takes another major step in its development strategy and establishes the ESG (Environmental, Social and Corporate Governance) department within the organizational structure. With the establishment of the department, Impact will make available to investors, in addition to regular financial reporting, non-financial reports according to the obligations assumed by the company in the Green Bond Framework.
The new department will have the task of drawing and implementing the principles and objectives of environment, social and corporate governance, in line with the values assumed by the company in its real estate development activity – integrity, transparency, innovation and guidance, respect for the environment and sustainable construction, responsibility and motivation. The department is coordinated by Teodora Danila, who has over 22 years of experience in terms of external audit, compliance, improvement of processes, as well as of internal control systems.
„I am pleased to join a company that has already taken important steps towards sustainability and good corporate governance. Now, more than ever, we need sustainable, environmentally conscious developments. At IMPACT, we build communities that benefit from sustainable environments and a higher level of quality of life, while protecting natural resources. We already have the first residential project in Romania built at BREEAM Excellent standards and we have proposed that all our future projects meet the criteria of this renowned and internationally appreciated certification.” declared Teodora Danila, Chief Compliance Officer at Impact Developer & Contractor.
The ESG department manages the application of the Green Bond Framework, developed by the company, on the basis of which IMPACT intends to issue green bonds to finance and refinance existing projects, built using green, sustainable technologies and contributing to the environmental objective of climate change mitigation and to the achievement of the United Nations Sustainable Development Goals. The Framework defines eligibility criteria in four areas: green buildings, sustainable water and wastewater management, renewable energy and clean transportation.
By integrating ESG practices into operations, Impact aims to improve long-term performance and an efficient risk management, which ultimately contribute to increasing investor and customer confidence in the company's future prospects.
Given its strong commitment to reducing the impact on the environment, Impact took the decision to replace the current fleet of 'traditional' automobiles (internal combustion engines) with one of electric cars. The company is also installing charging stations for electric vehicles in Greenfield Plaza, a project to be completed by the end of the year. The specialists of the ESG department have calculated that just by replacing the current fleet of cars Impact contributes to reducing carbon emissions by about 125 tons in the next 5 years.
Impact Developer & Contractor (IMP) has published its medium-term development plan on the impactsa.ro website as part of good practices of corporate governance, transparency, accountability and investor communications. The company aims to develop 1.25 million square meters by 2027, respectively over 10,000 homes in the medium - affordable segment, with an estimated market value of 1.4 billion Euros without VAT.
The company's development plan for the next 6 years includes the completion of the projects under execution and the start of 8 new projects, mainly on the land currently existing in the portfolio. In line with previous developments, the new residential projects will be developed on large areas of land, in outstanding locations, with green neighborhoods, built to nZEB and BREEAM Excellent standards using sustainable principles and technologies, respectively using alternative energy sources, smart city solutions, electric mobility solutions. The projects will provide essential services integrated within community centers, including digitized property management services.
The 6-year development plan is focused on affordable housing, which integrate elements that favor both a healthy lifestyle in green areas and an active social and cultural life for community members.
To support the medium-term development plan, the company plans to use several financing instruments, such as issuing new shares, issuing listed green corporate bonds, and bank loans. In this direction, recently, the company's shareholders have delegated and authorized the Board of Directors to increase the share capital within a year, through one or more issuances of ordinary shares, with a nominal value of up to 193,750,000 lei, which at the market value as of August 31, 2021, could bring an additional capital of over 100 million Euros.
”We are confident that we will achieve our medium-term goals, with a solid portfolio of land, know-how, financing potential and team of professionals. We are motivated by the successes achieved so far and by the trust the investors have given us, who have helped us to recently overcome the milestone of 1 billion lei in market capitalization. We are ready to take the company to an accelerated development stage.”, declared Constantin Sebeșanu, CEO Impact Developer & Contractor.
Impact has already started the expansion at national level, and by the end of the year it will activate the development of over 2,707 housing units in Bucharest, Constanta and Iasi.
Impact Developer & Contractor (IMP) entered today the select club of large Romanian companies with a market capitalization of over one billion lei. Impact shares ended the trading session on August 25th at a price of 0.640 lei, with a variation of +4.07% compared to the previous session, which led to a capitalization of 1,008,000,000 lei.
Since the beginning of the year and especially in the last six months, Impact shares have doubled their value amid the reaction of obvious interest of investors to the company's announcements regarding the elaboration and start of the national development strategy, a strategy that centers around the concept of sustainability. The most recent step in the implementation of the strategy was the decision of the Extraordinary General Assembly of Shareholders of Impact to authorize the Board of Directors to increase the share capital of the company, through one or more issuances of ordinary shares, with a nominal value up to 193,750,000 lei, within one year.
"I am glad to be able to say that we have become a Romanian <
Impact's immediate objective is to activate the development of 2,707 housing units at national level within the residential compounds in Bucharest, Iasi and Constanta by the end of 2021. The company has already signed the general contractor contract for the construction of 326 apartments in what constitutes a new phase of development of the Greenfield Baneasa neighbourhood. In the following period, the company's executive board will provide investors with detailed information on its ambitious development plans, as well as additional data on financial evolution.
Impact Developer & Contractor continues the ambitious development plan and starts a new phase in Greenfield Baneasa, the neighbourhood located in the northern area of the capital. It comprises 326 new apartments, available for sale from September this year. Impact plans to activate the development of 2,707 units by the end of the year within projects holding or about to receive building permits in Bucharest, Constanta and Iasi, with a completion term of less than two years.
The new development phase comprises four buildings, located near the Greenfield Plaza shopping center and next to the educational center. The buildings will integrate a total of 326 apartments with 2 and 3 rooms, as well as studios, which will benefit from efficient interior partitioning and high-quality finishes, with areas ranging from 62 to 108 sqm. The units will be available for sale from September, at launch prices starting from 76,776 euro + VAT.
For this new stage of development, Impact has signed a general contractor contract with RCTI Company S.R.L., which will start the construction works in September, with a deadline of 14 months.
Greenfield Baneasa is about to become the largest active construction site of apartments at national level, Impact already holding building permits for a total of 1,305 new units within the complex. Together with the other units holding or about to receive building permits at national level, Impact will have a total of 2,707 apartments under construction at different stages by the end of the year and which it will complete in the next two years.
“The launch of the new phase in Greenfield Baneasa comes in response to the high demand for apartments in the neighborhood embraced by the forest, the completed units having already been sold. At the same time, this step fits into our strategy to accelerate expansion at national level, supported by over 2,500 units that we will have in development by the end of the year. In addition to the company's 30-year experience and a solid portfolio of land and projects in advanced stage of obtaining building permits, we also have the potential to access financing for the implementation of the plan, both through the announced share capital increase, as well as through bank loans or bond issuance”, said Constantin Sebesanu, CEO Impact Developer & Contractor.
Recently, Impact shareholders decided to delegate and authorize the Board of Directors to increase the share capital up to 193,750,000 lei, within one year, in order to support the accelerated development of the company at national level. The company uses the best practices of corporate governance, transparency, accountability and communication with investors, obtaining rating ”10” at the VEKTOR evaluation conducted by the Association for Investor Relations on the Romanian Stock Exchange. Soon, Impact will provide investors with additional data on the company's financial evolution and development plans in the medium and long term.
Impact Developer & Contractor (IMP) takes another step in the national expansion strategy and decides to increase the share capital. The decision was taken unanimously by 93.08% of the company's shareholders with voting rights within AGEA and consists in delegating and authorizing the Board of Directors to increase the share capital within one year, through one or more issuances of ordinary shares, with a nominal value of up to 193,750,000 lei.
The Extraordinary Shareholders' General Assembly of Impact was attended by the shareholders representing 93.08% of the total number of votes (Impact shares not included in the quorum). They gave the Board of Directors the power to decide to restrict or lift the right of preference of the existing shareholders at the date of the share capital increase.
The decision was made in the context in which Impact started the expansion strategy at national level by developing large-scale residential compounds, at nZEB and BREEAM Excellent sustainability standards, in the major cities of the country.
”We are pleased with the decision taken today by the overwhelming majority of our shareholders who have empowered the Board of Directors to take steps to increase share capital and that correlates with our vision of accelerated expansion at national level. Along with these resources, we will continue to use both the benefits of access to the capital market, where we have the potential to issue new bonds, and bank loans, so that we can immediately execute our ambitious medium- and long-term development plan. In order to support this approach, we also strengthen the team with motivated and talented professionals who will support the company in its approach of developing sustainable communities in the main urban agglomerations. As such, we are grateful to our shareholders for the trust offered, which motivates us and obliges us to achieve performing results so that we continuously increase the value of the company and implicitly make their investments profitable, and in parallel to meet the most demanding requirements of our customers.”, declared Constantin Sebesanu, CEO Impact Developer & Contractor.
The company uses the best practices of corporate governance, transparency, accountability and communication with investors, recently obtaining the 10th rating at the VEKTOR evaluation conducted by the Association for Investor Relations on the Romanian Stock Exchange. Impact Developer & Contractor was appreciated for its active and transparent communication in the relationship with investors, providing them with clear, detailed information, as well as realistic and reasoned estimates regarding the company's activity, financial results and the evolution of its shares on the capital market. Soon, Impact will provide investors with additional data on the company's financial evolution and medium and long-term development plans.
Bucharest, August 12th, 2021: Impact Developer & Contractor, the first real estate developer in Romania listed on the Bucharest Stock Exchange, completes the last phase of Luxuria Residence, the upper-class project located in Expozitiei, the capital’s new business center. Thus, Luxuria Residence becomes the first urban community in the area.
The third and final development phase includes 130 studios, 2-, 3- and 4-room apartments and duplexes in two buildings of 8 and 11 floors. These are complemented by 1,064 square meters of green spaces, children's playground and 135 exclusively underground parking spaces.
With this last phase being finalized, Luxuria Residence becomes the first completed residential compound in the Expozitiei area. The entire condominium includes 9 eco-friendly buildings with 630 high-quality apartments, 728 underground parking spaces, 9,650 square meters of green spaces, fitness center, lounge and reception.
"Luxuria Residence comes as a natural response to the demand for upper-class housing in an effervescent area that has recently become the new business center of Bucharest. We are proud to develop the first sustainable urban community in the Expozitiei area, which benefits from cleaner air and a healthy lifestyle due to the eco-friendly buildings that meet the BREEAM Excellent sustainability standards, as well as the facilities offered within the compound", said Tinu Sebesanu, CEO Impact Developer & Contractor.
Luxuria is the first residential project in Bucharest designed to obtain the BREEAM Excellent certification, the most important sustainability assessment method for building and infrastructure projects. The comprehensive certification process recognises the value of a project throughout its built lifecycle, assessing the sustainability of its solutions across a range of categories: energy, health and well-being, innovation, land use, materials, construction management, pollution, transport, water and waste management. The most important factors assessed are the environmentally integrated design, carbon reduction, the sustainability and resilience of projects, low energy consumption, adaptation to climate change, environmental and biodiversity protection.
Luxuria Residence has gained the International Property Awards recognition for its contemporary architecture, winning the Architecture Multiple Residence - Romania award for the European region, in last year's competition.
Impact Developer & Contractor has obtained the maximum score (10) for its communication with investors, according to the VEKTOR indicator published by ARIR (The Romanian Investor Relations Association). The review was conducted at the company’s request.
VEKTOR is the investor relations indicator for listed companies and is calculated based on a methodology that comprises 15 criteria, in line with international best practices in the field.
Impact Developer & Contractor has been appreciated for its active and transparent communication with investors, providing them with clear, detailed information and realistic, reasoned estimates of the company's business, financial results and the evolution of its shares on the stock market. The company uses a variety of communication tools, both online through its own channels (website updated in real time, social media), communication with the press, and offline through investor events.
The analysis and evaluation of the publicly available information were carried out by ARIR and the Project Committee, consisting of corporate governance consultants, IR professionals, academia, and non-financial reporting consultants.
"We are honored to be recognized by ARIR for our focus on continuously improving our interaction with investors and implementing the best practices in this area. A company’s relation with its investors is the foundation for building a successful business in the capital market, so we guide ourselves by a set of firm principles, such as transparency, proactivity and delivery of high-performance results. We also aim to have a positive impact on the environment and society while creating value for both the company and our investors", said Constantin Sebeșanu, CEO Impact Developer & Contractor.
Recently, Impact Developer & Contractor has joined ARIR as an associate member with the purpose to support the development of the local capital market. The capital market is a central instrument of Impact's development strategy, through the issuance of new shares and bonds listed on the main market of the BVB, with private placement. As part of its sustainability policy, in the near future, the company is considering issuing "green" bonds to finance its projects built according to the new nZEB - "near zero energy building" standards and the BREEAM Excellent certification. Implementing these standards ensures a high energy performance of buildings and provides residents with a higher quality of living while contributing to environmental protection.
Impact has a 25-year listing history, being the first real estate development company listed on the Bucharest Stock Exchange (1996). IMPACT Developer & Contractor SA ("IMP") shares are listed in the Premium category of the Bucharest Stock Exchange, with a market capitalization of 795,375,000 lei (as of July 30th, 2021).
Bucharest, 16.07.2021: Impact Developer & Contractor, the first real estate developer in Romania listed on the Bucharest Stock Exchange (since 1996), with RON 842,6 million current market capitalisation , announces the acquisition, through the Greenfield Copou residence subsidiary, of 2.6 ha land located on the Copou Hill, one of the most popular residential areas in Iasi and also an important historical part of the city.
The 2.6 ha of land suplements the land purchased by the developer last October. On, the 4.6 hatotal land area, Impact will develop GREENFIELD Copou residential project, with over 1.000 apartments in low-height blocks along with essential services (sports hall, restaurants, shops, swimming pool, playgrounds for children, kindergarten and after-school, electric car loading stations, bicycle parks), developed within an integrated community center. The new concept facilitates an active, socially and culturally rich life in a green environment with clean air, with the residents benefiting from integrated property management.
"GREENFIELD Copou addresses the mid-market segment and combines modern architecture with the natural landscape, being located near the botanical garden, on the Copou Hill, the Iasi green lungs. In this project we have set out to build a community of people concerned with quality of life, who care about the environmental impact, a sustainable community, in harmony with nature," said Tinu Sebeanu, CEO Impact Developer & Contractor.
The GREENFIELD Copou project will be built on NZEB standards as well as international sustainability standards. The project targets the BREEAM Excellence certification, with important integrated sustainability elements specific to green projects.
Recently, Impact Developer & Contractor increased its capital share by 50% to RON 393,75 million through 131.250.000 new shares issue. The Company offered to its shareholders one free share for each two shares owned. The Impact shares were also split in the 1:4 ratio, the share capital being divided into 1.575.000.000 shares, with a nominal value of lei 0,25 per share.
Impact Developer & Contractor, the only real estate developer in Romania listed on the Bucharest Stock Exchange, is completing the villas within the Boreal Plus compound developed in Constanta. At the same time, it was built the foundation of the first buildings, with a total of 209 apartments, which are expected to be delivered in the first half of 2022. The developer also advanced the works on the multi-storey car park, with a GF + 4F height, by finishing the first construction level.
The new community, suitable for young families, will have secure access and will also integrate a kindergarten, along with facilities such as a playground, sports field, green areas and commercial spaces. The developer is in the process of obtaining approvals for its building permit.
The 18 villas which are in the final execution stage are built sustainably, using solutions with low environmental impact and high efficiency for residents, for the entire life cycle of the construction. The villas are ready to be visited and will be delivered in August this year.
"We are delighted that the Boreal Plus complex is taking shape and is already a project of interest among the citizens of Constanta. The promises made to our customers are important to us and we respect our deadlines. The concept of Boreal Plus replicates the development model that we have successfully implemented in our projects in Bucharest. Thus, we are building a sustainable community, in harmony with nature, a place where every family can develop and which they can call home. At the same time, Boreal Plus is an opportunity for investors who aim to obtain a high, low-risk return", said Tinu Sebeșanu, CEO of Impact Developer & Contractor.
Located in the northern part of the city, in the Palazu Mare area, just 15 minutes from the beach, city’s center, and the highway, with panoramic views, Boreal Plus is the first residential complex in Constanta that is built according to the international sustainability standards of the BREEAM Excellent certification. The project will benefit from solar panels, selective collection and waste management system, efficient lighting, and wastewater recovery and management. The innovative design translates into an increased energy performance, reduced maintenance costs and, overall, an improved level of living. Studies show that by implementing the BREEAM Excellent standard in residential buildings, maintenance costs are reduced by 13%, energy consumption is reduced by up to 50%, CO2 emissions lowered by up to 39%, water consumption is reduced also by 39%, and the amount of waste is decreased by up to 70%, which is reflected in an increase in household satisfaction by 27%.
Due to its characteristics, Boreal Plus was awarded in the prestigious real estate competition European Property Awards 2020 - 2021, being designated the winner in the category "Residential Development Romania".
Impact Developer & Contractor recorded revenues of 39.3 million LEI from housing sales in the first 3 months of 2021. These are up by 71% compared to the same period of last year. The revenue growth is due to the increase of the total number of sold units to 62, of which 76% represent premium units in the residential complex Luxuria Residence.
In addition to the sold units, on March 31st, 2021, were concluded pre-sale contracts and reservations for 226 apartments in the projects developed in Bucharest - Greenfield Baneasa and Luxuria Residence, and Constanța - Boreal Plus, amounting to 125.9 million LEI, which will turn into revenues starting with the second quarter of the year.
In the first three months of the year, Impact's activity focused on the expansion of Greenfield Baneasa complex with the first 544 apartments from the fourth development phase, completing the last 130 apartments of Luxuria Residence, and continuing the construction works on the first 209 apartments and 18 villas within Boreal Plus residential compound in Constanta. Also, in the first quarter of this year, Impact continued its national expansion plans, by starting the procedures to obtain the building permit for 480 apartments in Greenfield Copou project in Iasi.
For the development of the projects, the company is considering several financing solutions, from bond issues to bank financing, and the issuance of new shares. Thus, at the end of March, Impact listed on the main market of BVB a bond issue worth EUR 6.6 million. The issue comprises 13,163 euro-denominated bonds, with a maturity of six years and a face value of 500 euros/bond. The bonds were issued at the end of December 2020 and have a fixed interest rate of 6.40% p.a., payable annually.
Also in March 2021, the first REIT (Real Estate Investment Trust) company, Star Residence Invest, developed by Impact, was listed on BVB. At the time of listing, Impact owned 22.38% of the REIT shares, and Star Residence Invest had a patrimony consisting of 14 apartments and 26 parking lots, leased for a period of 5 years, which ensures a gross yield of 11% / year.
All the residential compounds that Impact has under development are designed according to the international sustainability standards and according to the BREEAM Excellent certification criteria, in order to offer a high level of housing and construction quality. Moreover, both the apartment buildings of Greenfield Copou and those of the new projects will have an energy consumption almost equal to zero, respecting the new construction standard of nZEB (Nearly Zero Energy Building), which consists of sustainable design, energy-saving technologies and the use of renewable energy.
"The results obtained in the first months of this year confirm the attractiveness of the premium housing concept, but also the growing interest of buyers to purchase a home with increased energy efficiency, Luxuria Residence currently being the only residential project in Bucharest that is BREEAM Excellent certified. Sustainability is a priority in our development activity of the next period, our goal being to create value for our customers and, at the same time, to have a positive impact on the environment and society", said Tinu Sebeșanu, CEO Impact Developer & Contractor.
Being actively involved in social responsibility projects, Impact has advanced during this period several projects in various fields, from education, public transport, to utilities and the environment. The most complex project initiated by the developer in the last year, the one for the construction of a public school and kindergarten within the complex Greenfield Baneasa, was approved in the first quarter of the year by the General Council of Bucharest. The project has a completion deadline of 24 months and involves a state-of-the-art educational center for children living in the northern area of the capital.
Impact Developer & Contractor, the only real estate developer in Romania listed on the Bucharest Stock Exchange, is expanding in Moldova’s capital, where it will develop one of the largest residential compounds in the region. GREENFIELD Copou project will be launched in the second half of the year and is designed according to the BREEAM Excellent certification.
Located in Copou area, one of the most attractive residential areas in Iași, GREENFIELD Copou will include 1,096 apartments, disposed in low-rise buildings(2S + P + 5E). The apartments have a varied typology, from studios to apartments with 2, 3, 4 or 5 rooms and benefit from premium finishes and features, large window areas and efficient room partition. At the moment are available for sale the units of the first construction phase at a special price of 1,270 euros/ sqm built, excluding VAT.
The complex will be delivered in two phases starting with the first quarter of 2023. Upon completion, GREENFIELD Copou will be one of the largest sustainable residential compounds in the region of Moldova, its development being carried out according to the sustainability principles of the BREEAM Excellent certification. At the same time, the buildings will have a close to zero energy consumption, respecting the new standard in housing construction, nZEB - "nearly zero energy building", which involves a sustainable design, energy saving technologies and the use of renewable energy, such as photovoltaic panels. Out of caring for the environment, recycling will be encouraged through the use of a selective waste collection system.
GREENFIELD Copou follows the successful model of GREENFIELD Băneasa, defined by the harmony with nature. Thus, 42% of the project’s area will be dedicated to green spaces, providing relaxation areas and playgrounds for children. The sustainability of the project is completed by the exclusively underground parking, thus resulting in no car traffic inside the complex. In order to encourage a healthy lifestyle for residents, in addition to green spaces, there are planned tracks and parking spaces for bicycles, but also charging stations for electric cars.
“GREENFIELD Copou is the result of our continuous efforts to improve the quality of housing and we are confident that the citizens of Iași will resonate very well with what we promise through this residential complex. We are committed to building a sustainable project that will bring considerable benefits to residents, provide a healthier environment and integrate harmoniously into the Copou area. We want to create here a community of residents preoccupied with the quality of life, the closeness to nature and who give importance to the impact they have on the environment. I think that the special mix of attributes that GREENFIELD Copou offers has the potential to turn it into a landmark of residential development in Iași ", said Tinu Sebeşanu, CEO of Impact Developer & Contractor.
Following Impact’s direction in residential development, GREENFIELD Copou will be secured, with controlled access, and will include a wide range of facilities, favouring the development of a modern community. The ensemble will benefit from 3,200 sqm of relaxation spaces, including restaurant, indoor pool, lounge, cafe, fitness & spa, as well as 300 sqm of commercial spaces. Parents can also enjoy more comfort and time spent with their children, as the complex will have a kindergarten and after-school. The facilities available within the complex are complemented by the great connectivity with the city's interest points, tourist attractions and relaxation areas such as the Botanical Garden and Copou Park.
The Board of Directors of IMPACT Developer & Contractor SA (IMP) decided to appoint Constantin (Tinu) Sebeșanu as CEO of the company with a 4-year mandate, starting with April 28th, 2021. He will replace Sorin Apostol, who was appointed Executive Director and member of the Board of Directors at the General Shareholders Meeting.
Previously, Constantin Sebeșanu held the position of Executive Director (COO - Chief Operating Officer) of Impact, coordinating the company’s development, sales, and marketing departments.
„I am honored to be appointed CEO of Impact Developer & Contractor. This position brings with it the challenge of maintaining Impact as a leader in residential development and setting new standards in terms of housing quality and construction on the residential market. This year, the company will accelerate its expansion nationwide, with the aim of boosting the progress in sustainable development, which is why all developing residential projects of Impact are designed at the highest sustainability standards”, said Tinu Sebeșanu, CEO Impact Developer & Contractor.
In addition to continuing the residential developments in Bucharest and Constanța, this year, the company will begin the construction of Greenfield Copou in Iași. The project is designed to become one of the largest green residential complexes in the region, with solutions that ensure high energy performance, reduced resource consumption, and a healthier environment for its residents.
The General Meeting of Shareholders approved the financial statements of Impact Developer & Contractor for 2020. The company's balance sheet shows revenues worth 42.3 million euros, obtained from home sales in the projects Greenfield Băneasa and Luxuria Residence. The revenues increased by 28% compared to 2019, thus representing the developer’s best result of the last decade.
Last year Impact sold a total of 368 apartments (30,864 sqm built), in Greenfield Băneasa complex and the upper-class compound Luxuria Residence located in Expoziției area. Besides these, the developer has concluded 199 sale-purchase precontracts and reservations, totaling 24.5 million euros, which are to be converted into revenues during this year and in 2022.
For Impact, 2020 marked the beginning of its national expansion, with the mission to build sustainable residential projects that will provide a high quality of living, attested by the green BREEAM Excellent certification.
The developer has started the Boreal Plus complex in Constanţa. Located 15 minutes from the beach and the city center, the project includes green spaces, children's playgrounds, shopping spaces, hypermarket, and kindergarten. Impact also expanded in the capital of Moldova, acquiring the land for the development of Greenfield Copou, which will be one of the largest green residential building projects in the region.
The financing solutions considered by the company are still based on the capital market, respectively bond issues listed on the main market of BVB, with private placement, new shares issues, but also bank financing. The shares of IMPACT Developer & Contractor SA (“IMP”) are listed in the Premium category of the Bucharest Stock Exchange, the company's market capitalization at the end of 2020 exceeding 102 million euros. In the last 3 years, the value of the company's shares has constantly increased, to the value of 0.39 euro/share, up by 28.5% compared to 2019.
"The year 2020 was an opportunity to consolidate our leading position in residential development while demonstrating the stability of the company's long-term perspectives and strategy. Housing demand still remains high, which creates a favorable context to accelerate our expansion and meet our clients with innovative projects that raise current standards regarding life quality, architecture, design, and environmental protection”, said Tinu Sebeșanu, COO Impact Developer & Contractor.
As part of its social responsibility policy, in 2020 Impact donated to the Bucharest City Hall a land plot of 9,620 sqm, together with the building project of a public school and kindergarten in Greenfield Băneasa, in order to ensure easy schooling access to children who live in the northern part of the capital. The total value of the land and the project amounts to 1.75 million euros.
Constantin (Tinu) Sebeșanu has been appointed Executive Director (COO - Chief Operating Officer) of Impact Developer & Contractor. In the new role, he is taking over the executive management of the company, coordinating the development, sales and marketing departments.
Constantin Sebeșanu joined Impact at the beginning of February this year, in the position of Development Director, being responsible for coordinating the company’s projects. Being specialized in Strategic and Financial Management and having over 25 years of experience in project development and asset management, he participated in the initiation and operation of dozens of projects, supporting the decision-making process for sustainable development, and investment success.
“As the Impact group continues to develop nationally, it is necessary to strengthen our team with high-performing people, who share our vision and can successfully contribute to the development of our innovative projects in the main urban centers of the country. Having the necessary know-how and experience, we are convinced that from the position of Executive Director, Tinu Sebeșanu will bring added value both to the company and to all our projects”, said Sorin Apostol, CEO Impact Developer & Contractor.
“I joined a strong team that, through Greenfield and Luxuria brands, managed to build IMPACT's reputation step by step, generating profitable investments for both customers and investors. Impact develops sustainable and durable communities that bring added value to our clients’ lifestyle through quality and comfort. As Executive Director, I want to continuously increase the company’s value as well as the degree of customer satisfaction and investors’ profit, while consolidating its leading position on the Romanian residential market”, said Constantin Sebeșanu, Executive Director of Impact Developer & Contractor.
This year, Impact began the construction on the New Greenfield (the fourth development phase of Greenfield Băneasa), where it will implement an environmentally responsible building concept, at high energy efficiency standards. Also, the company is working on the last phase of the upper-class compound Luxuria Residence and on the Boreal Plus compound in Constanța. In addition to the projects already under construction, Impact plans to start Greenfield Copou, one of the largest green residential building projects in Iasi, which will replicate the Greenfield Băneasa model. All the residential projects that the company has under development have been designed for the BREEAM Excellent international sustainability certification.
Impact Developer & Contractor, the only real estate developer listed on the Bucharest Stock Exchange, continues its national expansion by opening an office in Iaşi, the company’s fifth one in the country. The office will serve the coordination of the construction and sales activities for the residential project Greenfield Copou, which is due to start this year.
Located in Moldova Center, the new Impact office will function both as a workspace and meeting venue for the project team, consisting of designers, project manager, and builders, but also as a sales office, as soon as construction works will begin.
The office welcomes visitors in a select, modern setting and a warm atmosphere, expressing the refinement and comfort that will characterize the future compound located in Copou, one of the most attractive residential areas in Iași. By the end of the year, the company plans to expand its team in the capital of Moldova with another 5-7 employees.
„The inauguration of the office in Iași marks a new stage in Impact’s national expansion and, at the same time, brings us closer to the start of our first residential project in the region of Moldova. Iași is one of the country’s cities with the highest levels of housing demand, with over 60% of requests being directed towards new build homes, which creates an opportune moment to enter the local real estate market with the Greenfield project. Our vision for Greenfield Copou is to replicate the housing model of Greenfield Băneasa in the Capital, which has enjoyed continuous success since its launch. We aim to offer the community a western standard of living, in a project with amenities that make a difference, while maintaining the sustainable development direction adopted within our projects", said Sorin Apostol, CEO Impact Developer & Contractor.
Greenfield Copou will be one of the largest green residential projects in Iași, with BREEAM Excellent certification, including solutions that ensure high energy performance, reduced resource consumption, and a healthier environment for residents.
Built to harmoniously integrate into the historical and natural landscape of the Copou area, the compound will have an elegant architecture, defined by low-rise apartment buildings, separated by green areas occupying about 40% of the surface. The apartments will benefit from premium finishes, spacious terraces, and large windows that favour natural lighting during the day.
Responding to buyers’ requirements, who want more comfort both inside and outside the home, the developer will bring within the project a unique level of amenities and services on the local residential market. From shopping areas, wellness, and sports areas, to co-working spaces and kindergarten, the amenities integrated into the compound will create the premises for a select lifestyle and more quality time spent at home, with loved ones. The proximity to objectives such as the Botanical Garden and Copou Park completes the mix of attributes that will make Greenfield Copou the new landmark of residential developments in Iași.
The project was recently approved by the Technical Commission for Landscape Planning and Urbanism (CTATU) of Iași City Hall and it will enter the preauthorization stage. Greenfield Copou will be built in three phases, with the delivery deadline in 2024.
Impact currently operates three offices in Bucharest – the company’s headquarters located at the Willbrook Platinum Business & Convention Center, Greenfield Băneasa and Luxuria Residence sales offices, and an office in Constanța, dedicated to the project Boreal Plus. The company’s strategy relies on national expansion in the most important urban centers in Romania.
Impact Developer & Contractor closed the year 2020 with revenues from the sale of real estate properties worth 42,7 million EUR, up 29,4% compared to 2019, representing the best result of the developer in the last decade. In a pandemic year, the company sold a total of 369 units (31,191 sqm built area), out of which 205 were contracted in Greenfield Residence Băneasa and 164 in Luxuria Residence compound.
In addition to the purchased apartments, Impact concluded the year with 198 sale-purchase precontracts and reservations, totaling 24 million EUR, half of which are to be converted into revenues in the first semester of this year.
In 2020, the company continued its residential development activities at a steady rhythm, despite the difficulties caused by the pandemic. In this direction, Impact implemented its national expansion strategy, starting in Constanța the construction of the premium residential project, Boreal Plus, and acquiring land in Iași for the development of a sustainable project, which will improve Romanians’ living standards. All the projects that the company has under development have been designed for BREEAM Excellent certification.
The central axis of Impact Developer & Contractor’s (IMP symbol) development strategy, the only real estate developer in Romania listed on the Bucharest Stock Exchange, Premium category, is the capital market, respectively bond issues listed on the main market of BVB, with private placement, bank financing and issue of new shares.
In the last year, Impact shares increased by 26%, from 0.31 EUR / share to 0.39 EUR / share on December 31st, 2020, with the company's market capitalization exceeding 102 million EUR. The success on the capital market reconfirms the attractiveness of Impact’s projects and the strategic vision of the company’s expansion in the most important urban centers in Romania. In 2020, Standard & Poor's maintained for Impact the long-term credit rating `B-` with a stable outlook, being considered safe for investors.
"The results achieved in 2020 prove, on the one hand, Impact’s ability to consolidate its position on the market even under tougher economic and social conditions and, on the other hand, confirm the success of our projects, which set a new standard for residential development in terms of quality, facilities, and sustainable solutions. This year, marking our 30th anniversary, we are entering a new development stage, accelerating our national expansion”, said Sorin Apostol, CEO of Impact Developer & Contractor.
Within the upper-class compound Luxuria Residence, positioned in the new business center of Bucharest in the Expoziției area, the first two development phases, with 500 apartments were completed, and the last phase with 130 apartments is currently under development, with delivery deadline in the first half of this year. The project, BREEAM Excellent certified, offers a unique living concept, with outstanding architecture, premium finishes, and a select range of facilities, from large green spaces to concierge services.
In 2020, the company obtained the building permit and started the works for the fourth phase of Greenfield Băneasa, which will be developed at the highest standards of energy efficiency. Construction works have also begun on Greenfield Plaza, which will provide residents and the general public with an impressive range of facilities: strip mall, wellness area equipped with a gym, SPAs, tennis court, semi-Olympic indoor pool, outdoor pool, and an office building, which will become the headquarters of IMPACT Developer & Contractor. The apartments of the new development phase will be delivered in stages, starting this summer.
In addition to the works carried out on the projects in the Capital, Impact has started the Boreal Plus project in Constanţa, which brings on the market 18 villas and 673 apartments, along with a series of facilities for residents: green spaces, children playgrounds, commercial spaces, hypermarket, and kindergarten. The villas of the compound are in an advanced construction phase, the estimated delivery being the first half of 2021. At the same time, the first phase of apartment buildings is under development, with 209 apartments. This year, Impact is also preparing the launch of Greenfield Copou, located in the most desired area of Iaşi, a large-scale residential project which will replicate the Greenfield Băneasa concept.
Impact Developer & Contractor strengthens its team by appointing Constantin Sebeșanu as Development Director. With over 25 years of experience in project development and asset management, Constantin Sebeșanu will help expand the company nationally through new sustainable constructions.
"It is an honor to be part of the team of a top developer with 30 years of experience in the Romanian real estate market. Within Impact, I will coordinate the development of several sustainable projects, to a high standard of quality, which will contribute both to improving the quality of living and to the development of the areas in which we will build." said Constantin Sebeșanu, Development Director of Impact Developer & Contractor.
During his 25 years of experience in project development and asset management, Constantin Sebeșanu actively participated in the initiation and operation of dozens of projects, thus supporting the decision-making process for sustainable development and investment success. The new Development Director of Impact attended the Polytechnic Institute of Bucharest and holds majors in Strategic and Financial Management, acquired at Cornell and Boston Universities.
"We are pleased to have Constantin Sebeșanu at the head of our development department. In a strategic position within the company, we are confident that he will have a significant contribution to the implementation of our expansion strategy at national level. The company's goal is to build quality, sustainable housing, continuously improving our building process, and Constantine's experience fits this direction perfectly," said Sorin Apostol, CEO Impact Developer & Contractor.
In January 2021, Impact Developer & Contractor began the construction of the New Greenfield (Phase IV development), with the objective of implementing an environmentally responsible building concept that meets the highest energy efficiency standards. In parallel, the company is working on the last phase of Luxuria Residence, which holds the BREEAM Excellent certification and on the Boreal Plus residential complex in Constanța. This year, Impact will start construction work for Greenfield Copou, a residential project in Iasi that will replicate the Greenfield Băneasa model.
IMPACT Developer & Contractor obtained from the City Hall of Constanța the urbanism certificate for the construction of a kindergarten within the premium compound Boreal Plus, developed in the north of Constanța. The developer's investment values 690,000 Euros and the construction of the kindergarten aims to increase the quality of life of young families, by facilitating access to educational services in the immediate vicinity of the home.
The project has a kindergarten function integrated into the Boreal Plus ensemble and it will be developed on an area of 1,350 sqm, with a height of GF + 1 and a developed area of 1,400 sqm. The kindergarten will benefit from exterior arrangements and fencing, connections to utilities along road and pedestrian access roads. The works will start after the developer obtains the building permit, estimated for June 2021.
"Every family wants an environment in which they can develop harmoniously and this need motivated us to design the Boreal Plus project focusing on the functionalities necessary for a young community, which contribute to a high quality of life. By integrating a kindergarten into the compound, we want to offer parents extra comfort and safety, but also more time to spend with their children. The main objective is to build a kindergarten at high quality and energy efficiency standards, which will be a real benefit of the Boreal community,” said Sorin Apostol, CEO of Impact Developer & Contractor.
Boreal Plus proposes a western lifestyle to the people living in Constanta, which has already become a reference project on the local residential market. The ensemble was awarded in the prestigious real estate competition International Property Award 2020 - 2021, on the European region, being designated Award Winner, with the title "Residential Development - Romania". The selection criteria considered by the panel of experts were concept, location, architecture and design, innovation, sustainable solutions used, security measures and marketing plan. Developed on a land of 43,000 sqm, in the north of Constanța, Boreal Plus is built to high standards, in accordance with the sustainability policy of Impact Developer & Contractor. The residential compound will include solar panels and efficient waste and wastewater management systems. Construction solutions ensure efficient maintenance costs and achieve superior energy performance, which provides residents with a healthier environment.
Inside the complex, in addition to the kindergarten, there will be multiple facilities, from green spaces arranged on an area of 12,000 square meters, ideal for relaxing in nature, playgrounds, sports field, commercial spaces and a hypermarket. Residents can also enjoy excellent connectivity to various attractions of the city, the location of the complex being 15 minutes away from the beach, the center and the A4 motorway and 5 minutes-drive from the A2 motorway.
The entire project will include 18 villas and 9 blocks with 673 premium apartments and 811 parking spaces. The construction works started last year and will be completed in three stages, corresponding to the three phases of development, starting with the end of this year. Boreal Plus homes are equipped with premium finishes, generous terraces, and the apartments on the upper floors offer panoramic views of Lake Siutghiol and the Black Sea.
Currently, Boreal Plus has started the sale of luxury houses in the final stages and has a launch offer valid until March 1, for the apartments whose construction was started last autumn, with prices from 55,782 Euro + VAT.
Impact Developer & Contractor signed two general contractor agreements, worth 18.4 million Euro + VAT, with Electrogrup S.A. for the construction of 406 apartments in phase IV in Greenfield. The works will start in January 2021 and will be completed in the first quarter of 2022.
In January 2021, it will begin the construction works on the New Greenfield, with the aim of implementing an environmentally responsible building concept that meets the highest standards of energy efficiency.
The contracts signed with Electrogrup, member of E-INFRA, aim at building the first 5 blocks, with a total of 406 apartments out of a total of 14 blocks and 1167 apartments. The value of the contracts is 18.4 million Euro + VAT, and the value of the investment amounts to 26.6 million Euro + VAT. The offer includes studio units, 2-room and 3-room apartments, and parking spaces will be available both underground and above-ground.
The common goal of the developer and builders is to build responsibly, using carefully selected materials and effective technical solutions, in line with the sustainability policy adopted by Impact. The New Greenfield will benefit from solar panels, a selective waste collection and management system, as well as efficient lighting, along with wastewater recovery and management infrastructure.
“Impact Developer & Contractor has signed the general contractor agreements for the first stages of the New Greenfield and is properly preparing for the new year. We have started the construction of the Greenfield Plaza community center and soon, will start the works for the Public School and Kindergarten. Because we offer a full range of facilities, we have every reason to expand Greenfield Baneasa and develop the community, which currently has over 6,000 inhabitants. A home in the wooded neighborhood comes with a healthy lifestyle, which includes not only the comfort of the home and overall facilities, but also all the outdoor sports and recreation activities that can be done in the parks of Greenfield and in Pădurea Băneasa ", said Sorin Apostol, CEO Impact Developer & Contractor.
The launch offers for the apartments in New Greenfield, valid within the Loyalty Program, start from 68,236 € + VAT for studio units, 84,161 € + VAT for 2-room apartments and 109,788 € + VAT for 3-room apartments.
The construction of Greenfield Plaza began in November 2020. Thus, the housing concept will become more attractive in terms of new facilities offered: a strip mall, an impressive wellness area equipped with gym, SPAs, tennis court, semi-Olympic indoor pool, outdoor pool and its own office building , in the immediate vicinity of the public transport terminal inaugurated in October, 2020.
Listed on the Bucharest Stock Exchange, Premium category, in December 2020, Impact Developer & Contractor concluded in advance a corporate bond placement mediated by TradeVille, in which the total value of the subscriptions was over EUR 6.5 million. The success of the placement reconfirms the attractiveness of the Impact projects and the strategic vision of the expansion company at national level in the most important urban centers in Romania. Impact Developer & Contractor (symbol IMP) is the only real estate developer in Romania listed, the market capitalization of the company recently exceeding RON 500 million.
Another success of the company in 2020 is the launch of Star Residence Invest, the first REIT (Real Estate Investment Trust) to be listed on the Bucharest Stock Exchange and the sale by private placement of 77.6% of the new company's shares. Star Residence Invest currently has a patrimony consisting of 14 apartments and 26 parking lots, these being in operation based on leases for a period of 5 years, which ensures a gross yield of 11% / year.
Impact Developer & Contractor announces the successful and early termination of the private placement of corporate bonds intermediated by TradeVille. The bonds issued in the private placement held between 11 and 21 December (symbol IMP26E) are denominated in EUR, have a maturity of 6 years and a fixed annual coupon rate set by the issuer of 6.4% payable semi-annually. The value of the subscriptions made during the placement was EUR 6,581,500.
The nominal value of one bond is EUR 500. The minimum subscription in the investment was 50 bonds, the equivalent of EUR 25,000. Most subscriptions were made online through the TradeVille trading platform. The bonds are to be listed on the multilateral trading system operated by the Bucharest Stock Exchange.
"The decision to partner with TradeVille to increase liquidity and implicitly the interest for Impact was a good choice and, as a result, the announced investment was successfully completed. The Capital Market continues to be the central axis of our company's development strategy. ", Sorin Apostol, General Director, Impact Developer & Contractor
"We welcome the success of this new private corporate bond placement that puts TradeVille in the position of having brokered over 50% of corporate stock and bond investments in 2020. We achieve this performance by quickly connecting a large community of investors with the financing needs of entrepreneurs and Romanian companies with the help of a modern and accessible online subscription technology. We are all the more happy that we support obtaining financing from the only real estate developer listed on the Bucharest Stock Exchange that has a longevity similar to that of TradeVille on our capital market.",Ovidiu-George Dumitrescu, Deputy General Manager, TradeVille
Founded in 1991, Impact Developer & Contractor is one of the most important real estate developers in the residential segment in Romania. The company has built over 4,000 residential facilities, totaling 500,000 square meters built and over 13,000 square meters of office and commercial space. The company's current strategy focuses on residential developments with a high level of quality and sustainability, aiming at a target market consisting of segments of middle and high income customers, as well as expanding real estate projects nationwide by targeting some of the most important urban centers from Romania.
Impact Developer & Contractor is the only real estate developer listed on the Bucharest Stock Exchange. Active on our capital market since 1996, Impact Developer & Contractor is currently included in the main segment in the Premium category of the Bucharest Stock Exchange, with a market capitalization of approximately RON 500 million. Recently, the company was awarded with the 5 Star Award Title in the Property Development Category by the International Property Award, Impact's website brilliantly ticking all the judging criteria in the website development section, of interest to investors: real-time stock market data, reports and up-to-date financial data.
TradeVille is a broker with over 25 years of experience on the Romanian capital market and offers retail clients easy and fast access to the Bucharest Stock Exchange and major international stock exchanges. At the same time, TradeVille assists Romanian entrepreneurs and companies in obtaining financing through investments in shares and corporate bonds. In 2020, TradeVille brokered more than 50% of its corporate equity and bond placements for companies in various industries, including Impact Developer & Contractor.
Impact Developer & Contractor won two awards in the Property Development section and one in the Architecture section, in the European region, within the prestigious International Property Awards 2020 - 2021. The prizes obtained are: 5 Star Award - Best Developer Website Romania for the website www.impactsa.ro, Residential Development Romania Award for Boreal Plus Constanța and Architecture Multiple Residence Romania Award for Luxuria Residence. This year, the International Property Awards organized the Red Carpet Gala online, on December 11, 2020.
European Property Award Announcement: EU Development Presentations 2020 - YouTube
Founded over 25 years ago in UK, the International Property Awards is the world's best-known competition dedicated to excellence in real estate development, architecture and interior design in the residential and commercial sectors. The competition takes place in 9 regions covering Africa, Asia-Pacific, Arabia, Canada, the Caribbean, Central and South America, Europe, the United Kingdom and the USA, and the top winners enter the international competition.
The International Property Awards jury is made up of over 100 experts and professionals from various fields of the real estate field, from architects, interior designers or furniture, to publishers of specialized publications, entrepreneurs and consultants. The jury is chaired by Lord Caithness, Lord Best and Lord Waverley, members of the House of Lords of the British Parliament.
Impact's website- www.impactsa.ro has won 5 Star Awards and is a finalist in the European Competition. The judging criteria in the Property Development - website section were: the design and adaptability of the display of different types of devices and resolutions, the bilingual option, interactivity, accessibility, readability, loading speed, ease of navigation, descriptive visual elements, structuring information according to the company's objective, quality and relevance of information, interconnection with other communication platforms.
The website is structured to meet all the expectations of online visitors, both in terms of investments in terms of Impact shares, but also in terms of investments in the residential sector. The content transparently presents all the necessary information, so that all those interested to have access, in real time, to the most important trading data on the Bucharest Stock Exchange, financial reports and press news.
„The awards given to the company represent a recognition of our sustained efforts to raise the quality standard on the real estate market in Romania and to become a reference point for sustainability, quality, innovation and success. We have a portfolio of successful projects, through which we want to have a positive impact on people's lives, emphasizing the quality of housing and sustainability. In a difficult period like the one we are experiencing now, we continue to develop new large-scale projects in Bucharest and other major cities of the country and we are motivated to become even better both due to customer appreciations and due to the international recognitions received. this year", said Gheorghe Iaciu, majority shareholder of Impact Developer & Contractor.
Video Statement: Gheorghe Iaciu: https://youtu.be/NyDYQ4wu6Sc
In the Property Development category, Boreal Plus Compound from Constanța was awarded the title of Residential Development Award - the European region. Started this year, Boreal Plus aims to offer a higher standard of living, through integrated facilities and premium finishes, with the advantage of positioning in the northern part of the city, just 15 minutes from the beach, center and highway. The construction complies with the sustainability standards adopted by Impact within the ensembles developed in the Capital, using carefully selected materials and energy efficient solutions. The estimated delivery time for the entire project is 2024.
The premium compound Luxuria Residence received the Architecture Multiple Residence - Romania Award in the Architecture category, in the European region. Luxuria is an innovative housing concept on the Romanian market, being the first residential project with BREEAM Excellent certification, which certifies the international standards of sustainability and energy efficiency implemented. The project is in the last phase of works and will be fully delivered in the first half of 2021.
The main selection criteria considered for the awards given to Impact residential projects were: concept, location, architecture and design, innovation, sustainable solutions used, security measures and integrated marketing.
Impact Developer & Contractor delivers the second phase of the residential compound Luxuria Residence located in Expoziției area. The new development phase includes 4 high-quality buildings with a total of 268 premium units, an indoor park of 2,500 sqm, a lounge, and a fitness center for the residents.
Thus Luxuria Residence reaches a total of 500 finished apartments, corresponding to the first two stages of development, another 130 units being under construction, in the third phase, which will be delivered in the first half of 2021. The second phase of the project accommodates an indoor park of 2,500 square meters, with Japanese gardens, urban furniture, and an artesian fountain, as part of a landscape project that involves an investment of 500,000 euros. At the same time, the new development stage completes the luxury facilities package with a spacious residents’ lounge, of 200 sqm, destined for various activities and a fitness center equipped with state-of-the-art equipment. The ensemble's facilities are fully functional and free for Luxuria’s community.
The project holds the BREEAM Excellent Certification, which significantly improves the residents’ level of well-being while contributing to the protection of natural resources. The project was from the beginning designed for this certification, therefore from the concept and design stages have been adopted low-energy sustainability strategies, such as intelligent design, the use of low-carbon construction materials, and optimal compartmentalization of spaces. To contribute to the residents’ well-being, the emplacement is based on daylight studies, and the apartments have spacious terraces and large window areas, making it easier for natural light to enter the buildings throughout the day. Indoor air quality is ensured by high-performance ventilation systems, while thermal comfort can be adjusted by each occupant, depending on preferences.
The units from the project’s second phase have a vast typology: from studios to 2-room, 3-room, and 4-room apartments, as well as duplexes and penthouses for a select lifestyle. The apartments have total areas ranging from 75 sqm to 349 sqm, generous heights of 2.8 - 3 meters, and modern design, with luxurious finishes.
"In a year marked by a pandemic and the obstacles generated by this situation, we are happy to complete the second phase of Luxuria Residence, offering our clients the opportunity to spend the winter holidays in their new home. At this moment, we are in the process of handing over the apartments to their owners and we are continuing with a sustained rhythm the construction works for the third phase. At the end of 2020, Luxuria is already the neighborhood of an elitist community, which enjoys the privilege of high-quality life, in a very well ranked area in the northern part of the city", said Sorin Apostol, CEO of Impact Developer & Contractor.
Recently, Luxuria Residence won the 'Best Upscale Residential Project' award given by the real estate publication "THE TIMES - Investing in Property", the selection criteria being the construction quality, energy efficiency, innovation, and the concept of housing with integrated facilities.
Luxuria Residence raises the standard of living by including a wide range of facilities dedicated to residents, for a modern, western lifestyle: 9,650 sqm of green spaces, secured access, playgrounds, a fitness center with state-of-the-art equipment, concierge and maintenance services, business lounge, as well as generous pedestrian space, and exclusively underground car parking. The residential complex will include 9 buildings with a total of 630 premium apartments, from studios to penthouses. The location, between Expoziției Boulevard and Aviator Popișteanu Street, ensures great connectivity with the city's points of interest, such as parks (5 minutes drive to Herastrau Park), hospitals, educational units, restaurants, wellness clubs, and shopping centers.
IMPACT Developer & Contractor announces the completion of the stock of apartments built in the first three phases of the Greenfield Băneasa project. The neighborhood is in the process of expanding with a new phase of development and new facilities that will turn it into the most attractive residential project in Bucharest.
Known as the neighborhood embraced by the forest, Greenfield Băneasa is built to the highest standard in the segment of affordable housing and enjoys a unique location with much better air values compared to the center or other neighborhoods of Bucharest, recording similar values to the air of a mountain town.
For ImpactDeveloper & Contractor, GreenfieldBăneasa is its reference project, developed on a large scale of over 60 hectares, in the long term, between 2007 and 2028. Currently, the 3-phase neighborhood is completed and has a contracting degree of 98.7 %. On November 30, 33 units were available for sale, mostly 4-room apartments, out of the 2,548 completed apartments so far.
"Greenfield is a very appreciated project both due to the quality of the construction, but also to the offered facilities. We will soon run out of apartment stock and focus only on the New Greenfield. Currently, for the 33 units still available in stock, we have advanced discussions, which will materialize in the next period, if there are no new restrictions or unforeseen situations caused by the Covid-19 virus ", says Sorin Apostol, CEO Impact Developer & Contractor.
With a clear goal included in the brand name, Impact aims to transform Greenfield Băneasa into the largest green project in Central and Eastern Europe, for which the company is preparing strategic partnerships to identify and implement green solutions appropriate to a modern lifestyle and in accordance with ecological norms.
Impact's vision is to continuously improve the construction process, which is why the New Greenfield will include solutions specific to a Green project: large-scale use of renewable energy, buildings and systems with high energy efficiency, efficient and sustainable water management, waste management, low-emission transportation solutions, smart home and smart city solutions.
Despite the economic-social context caused by the Covid-19 pandemic and the health crisis, the developer continues to drive the development of the flagship project, convinced of the proven attractiveness of the Greenfield neighborhood. So far, the built area covers 30 ha, and the new stages under construction are carried out on an area of 9 ha. Developed between 2020 and 2022, the community center is spread over a land area of 32,071 sqm, of which 21,496 sqm are allocated to the shopping center that will serve both residents and other residents of Sector 1 and neighborhoods. Greenfield Plaza will include shopping and service area, fitness and SPA center, state school and kindergarten, promenade and recreation areas.
As part of its social responsibility policy in 2020, Impact donated to the City Hall of Bucharest 9,620 square meters of land and the construction project, worth 1.75 million Euros, to build public schools, which provides easy access to educational centres for the children from Greenfield, but also for the other inhabitants from Băneasa area.
An important pillar of the development strategy of IMPACT DEVELOPER & CONTRACTOR remains in the next period the Capital Market. Impact Developer & Contractor has been listed on the Bucharest Stock Exchange since 1996, currently being included in the Main segment in the Premium category with a market capitalization that exceeded RON 400 million at the beginning of December. In 2020, Standard & Poor's reconfirmed Impact's B-stable rating, thus validating IMPACT DEVELOPER & CONTRACTOR's business strategy and long-term development prospects.
In the next period, Impact envisages a new Euro-denominated bond issue, brokered by TradeVille, which will target capital market investors. The value of the tender is EUR 6 million, with the possibility of extending it to EUR 15 million. The bonds will have a maturity of 6 years, and the fixed annual coupon rate, paid semi-annually, will be established in the placement, by the auction method and will be between 5.9% - 6.4%
Impact Developer & Contractor, the only real estate developer in Romania listed on the Bucharest Stock Exchange, obtained the First Place in the Top Companies in Bucharest, in the field of building construction. The award is given by the Chamber of Commerce and Industry of Bucharest and is a recognition of the activity and economic performance of Impact in 2019.
Impact Developer & Contractor remains in first place in the top developers in the capital this year as well. The award confirms the excellent financial results obtained in 2019, generated mainly by sales in the two residential projects in Bucharest - Greenfield Residence Băneasa and Luxuria Residence. In 2019, Impact recorded revenues of 156.6 million lei from sale-purchase contracts, increasing by 54% compared to the previous year's figures. The company reported for the same period, an operating profit of 189,107 lei, EBITDA of 45,475 lei and a net profit of 154,484 lei.
In establishing the rankings, indicators were taken into account such as: net turnover, operating profit, operating profit rate, efficiency of human resources use and efficiency of use of capital employed.
"We are honored to be this year on the first place in the Top made by the Chamber of Commerce and Industry of Bucharest. The very good financial results that formed the basis of this distinction, but also the maintenance of this positive evolution in 2020, confirm once again the financial solidarity of the company, as well as the huge potential for expansion of Greenfield and Luxuria housing concepts, improved in the last 5 years. . Indeed, in the context of a year with many challenges and challenges for the business environment, the financial results recently published by Impact Developer & Contractor for the first 9 months show both maintaining a sustained growth rate and excellent development premises in the immediate future. Maintaining the positive multi-year trend even in the context of significant socio-economic distortions proves the company's ability to accelerate its expansion and move to the next level in business. In this context, Impact is preparing to carry out a private placement of euro-denominated corporate bonds through TradeVille, amounting to EUR 6 million, with the possibility of extending up to EUR 15 million. The bonds will have a maturity of 6 years, and the fixed annual coupon rate, paid semi-annually, will be established in the placement, by the auction method and will be in the range of 5.9% - 6.4%. We are coming out stronger from a difficult year for the economy and society, with a business model tested and validated in perhaps the most difficult economic and social conditions. We are ready to enter a new stage of development ", said Sorin Apostol, CEO of Impact Developer & Contractor.
Impact continues to rise in 2020, in the first 9 months of the year with revenues from the sale of homes amounting to 135,349 million lei, increasing by 35% compared to the same period of 2019, reaching a total of 258 units (apartments , plus parking lots and yard lands related to the package).
The Top Companies in Bucharest is the only ranking of companies in the capital that is subject to the rigors of the law and a complex methodology, implemented uniformly by the chamber system, at national level. According to the top methodology, out of the 134,059 companies with headquarters in the Capital, which submitted the balance for 2019, only 50,133 companies met the eligibility criteria, among which 437 from the construction sector. The awards ceremony took place on November 25, 2020 in the virtual environment, due to the coronavirus pandemic.
Luxuria Residence, the first residential project in the country with BREEAM Excellent certification, won the ‘Best Upscale Residential Project’ award given by the prestigious real estate publication “THE TIMES - Investing in Property”. The award is a recognition of the unique housing concept, with integrated facilities, which Impact Developer & Contractor implements in the luxury compound from Expoziției.
The Times - Investing in Property editorial team awarded Impact for the activity and results obtained in the development of Luxuria Residence, the first project of the company that addresses the premium segment of the residential market. The nomination was made on the basis of information and data collected from the market, analysed and evaluated by an independent jury, consisting of professionals with experience in real estate, along with members of the editorial team The Times - Investing in Property. The evaluation took place in 2019, and the award was to be announced at the Launch and Award Gala, but in the context of the coronavirus pandemic, the award ceremony was postponed.
The selection criteria analysed on the basis of which the award was given were: the construction quality, the energy efficiency, the innovation and the concept of housing with integrated facilities. The results positioned the Impact developer among the 10 companies that inspired and dominated the real estate market in Romania, thus being one of the leaders of the residential market, due to its expertise and innovation in the development of reference projects, such as Luxuria.
Luxuria Residence compound raises the standard of living by including a wide range of facilities dedicated to residents, for a modern, western lifestyle: 9,650 sqm of green spaces, including its own 2,500 sqm park with Japanese gardens and street furniture, secure access, places playground, a fitness centre equipped with state-of-the-art equipment, concierge and maintenance services, 200 sqm business lounge, as well as generous pedestrian space, parking spaces for residents being exclusively underground.
"We are honoured to win this award and to be in the top real estate developers in Romania. It is a recognition of our efforts to always be one step ahead, to implement international standards of sustainability in development and, moreover, to provide to our residents not only with quality housing, but a high lifestyle. Best Upscale is a good attribute for the positioning of the project and we are glad that Luxuria is like a magnet for successful people, forming an elitist community,” said Sorin Apostol, CEO of Impact Developer & Contractor.
Built on a plot of land with an area of 22,500 sqm and located between Expoziției Boulevard and Aviator Popișteanu Street, Luxuria Residence was started in 2018 and it is in the last phase of development, which will be delivered in the first half of 2021. It includes 9 blocks of flats with a total of 630 premium apartments, from studios to penthouses. Nearby points of interest cover the needs of business people and families: parks (5 minutes-drive to Herastrau Park), hospitals, schools, restaurants, clubs and wellness centres, and good connectivity of the location ensures easy access to downtown, business centres and to the airport, which reduces the time spent in traffic.
Due to its position in the new business hub of the capital, the compound is of high interest, both for investors who seek to obtain advantageous investment returns, but also for end customers who are looking for a premium personal home, with a short delivery time. In the first 9 months of this year, Luxuria generated about 40% of Impact's home sales, and the pace of contracting apartments is sustained.
Impact Developer & Contractor closed the first 9 months of 2020 with revenues from the homes sales with a total value of 135,349 million lei, increasing by 35% compared to the similar period of 2019. The evolution is due a 23% increase in sales volume, reaching a total of 258 units traded (apartments, plus parking lots and yard lands related to the package).
Of the 258 homes sold during this period, 156 units were contracted in Greenfield Residence Băneasa and 102 units are luxury apartments in Luxuria Residence compound, in the Expoziției area. The apartments sold totaled a built area of 21,877 sqm. The results recorded exceed the record level of revenues registered last year, when the company had the best results in the last 10 years.
In addition to the registered sale-purchase contracts, on September 30, 2020, pre-sale-purchase contracts and reservations were concluded for another 217 apartments in Greenfield and Luxuria, with a value of 120.65 million lei, estimated to turn into revenues in the period Q4 2020 - 2022.
"Impact Developer & Contractor maintains its positive evolution in a period dominated by uncertainty, reporting increasing sales and operating profit within the developed residential projects. The first 9 months of this year also brought a change in the structure of sales, the premium compound Luxuria increasing its contribution to 40%. Greenfield Residence continues to generate a significant share of revenue, of about 60%, and in the near future we expect to record significant sales in Constanța, in the Boreal Plus project, as we move forward with the construction work. In the next period, we estimate the maintenance of a sustained pace of sales, based on the unique mix of facilities, construction standard and price, brought by each of our projects in the market. Moreover, the increase in the value ceiling for the application of the 5% VAT rate will certainly bring a breath of fresh air to the residential market, especially in large cities, stimulating the purchase of more spacious homes, built to high standards, so that it can meet the needs. comfort and quality of life for young families", said Sorin Apostol, CEO Impact Developer & Contractor.
Impact activity in the first 9 months of 2020 was marked by the development of its main residential projects in Bucharest (Greenfield Residence Băneasa, Luxuria Residence) and the first phase of the Boreal Plus project in Constanța.
Luxuria Residence is a new development concept of Impact, being the first residential project in the country with BREEAM Excellent Certification. The compound proposes a new standard in terms of quality of life and sustainability, due to the energy efficient solutions used, the facilities for residents and the 9,650 sqm allocated to green spaces, including an indoor park of 2,500 sqm.
In the first 9 months of 2020, the construction of 500 apartments was completed, and the next 130 apartments are expected to be delivered in the first half of 2021.
In Greenfield, during the same period, the procedures for obtaining the building permit for the fourth phase, which targets the largest community center dedicated to a residential community, were completed, thus completing the range of facilities available in a developing mini-city. This month, the construction works of Greenfield Plaza were started, the first commercial project of Impact, developed on an area of 21,496 sqm, which will include: a strip mall, an impressive wellness area equipped with gym, SPAs, land tennis court, semi-Olympic pool and indoor and outdoor pool, as well as its own office building.
Also, in the first 9 months of 2020 Impact began the construction of the 18 luxury villas in Boreal Plus complex, which have an estimated delivery time the first half of 2021. Also, the building permit was obtained for the first 2 phases of blocks, which will bring to market 341 apartments, currently being developed the first phase, with 209 apartments. The Boreal Plus project addresses the premium segment of the residential market and offers a western standard of living, through smartly developed buildings and integrated top facilities.
In addition to the development of existing projects, Impact continued its expansion at the national level by acquiring a plot of land in Iași, in the Copou area, with an area of 19,068 square meters. On this land, the developer plans to develop an residential compound based on the Greenfield model, a sustainable project, included in the category of green buildings, with BREEAM certification and which will include low-rise blocks of flats, ample green spaces and services that allow living at modern standards.
Impact Developer & Contractor invests 500,000 euros in the green areas included in Luxuria Residence, its first luxury residential compound located in Expoziției area. The outdoor landscape project, developed by Iristyle, focused on the design of 9,650 sqm of green spaces, of which 2,500 sqm are dedicated to a private park.
Through this landscape project, Luxuria Residence comes with a new standard in terms of quality of life and sustainability, in a capital city facing a deficit of green areas. Approximately 42% of the project’s 22,500 sqm surface is dedicated to green spaces which are designed to provide to its residents with a recreational setting, while contributing to environmental protection. The unique landscape concept is meant to create visual harmony in the condominium regardless of the season, and it accommodates a 2,500 sqm park as well as Japanese gardens.
The completed private park includes stylish urban furniture, with a wonderful artesian fountain as its center-piece, enhancing the exclusiveness of the project while bringing nature closer to residents and encouraging relaxation, networking, and the development of a community with a strong bond.
“Integration of green areas is always playing a central role in the development of our residential projects, having an enormous contribution to the well-being and satisfaction of our customers. At Luxuria Residence, we paid special attention to landscape solutions that would offer to residents the opportunity to enjoy nature, in a city area in full expansion and real estate development. Luxuria Residence offers therefore a modern-minimalist architectural style and a high standard comfort ensured by modern facilities and natural setting, all of them making an important difference in terms of residents’ life quality”, said Sorin Apostol, CEO of Impact Developer & Contractor.
According to Vital Signs statistics, Bucharest has a green space index of 9.86 sqm/inhabitant, which is 12 times lower than Vienna (120 sqm/inhabitant). The benefits of nature on physical and mental health are well known, and recent studies have concluded that it takes at least 2 hours spent in nature each week to generate an improvement in the quality of life and physical and mental health.
“The landscape design of the Luxuria gardens was developed based on the concept of <balance and harmony>, the park’s structure being created for the direct joy of all residents. Thus, we developed a stylish park, ideal for both networking and solitary moments. In this central park, we introduced deciduous and coniferous trees, ornamental and flowering shrubs and flowers, the entire dendrological and floricultural park counting over 150 species. These are all perennials plants that remain green throughout the year, creating also balance and harmony. In addition, the project allowed us the extravagance of using big, mature trees and also a spectacular fountain. The project is a true statement of excellence, with high potential to surprise and delight the residents”, said engineer Elena Arion, the landscaper of the project.
Developed in line with Impact’s sustainability policy, Luxuria Residence is the first residential project in the country with BREEAM Excellent certification that will offer to the residents:
Located between Expoziției Boulevard and Aviator Popișteanu Street, the Luxuria Residence compound offers a western living context in an area of Bucharest in full development, through multiple facilities: exclusively underground car parking, private park, fitness center, lounge, 24/7 receptions, playgrounds, secured access, human security, and video surveillance. Nearby points of interest cover the needs of business-people, but also those of families: parks (5 minutes drive to Herastrau Park), hospitals, educational units, restaurants, clubs, and wellness centers.
Impact Developer & Contractor started the construction works at the fourth phase of development of the Greenfield Băneasa residential compound. This will include Impact's first commercial project, Greenfield Plaza, with 7,258 sqm of space for trade and services and 1,184 sqm of office spaces. The entire project has a value of 12 million Euros and it will be built with RCTI COMPANY S.R.L. with which Impact signed a contract worth 7.5 million Euros.
The authorized phase targets the largest community center dedicated to a residential community and completes a budding mini-city. Sustainably designed and environmentally friendly, Greenfield Plaza, developed on an area of 21,496 square meters, includes 2 buildings with a height of Ug + Gf + 1F and GF + 2F + thF, over 200 parking spaces and it will be completed in 2022. The entire project includes: a strip mall, an impressive wellness area with gym, SPAs, tennis court, semi-Olympic pool and indoor and outdoor pool and its own building of office.
Within the shopping center, there will be available for rent, spaces totaling 6,730 sqm. The aim is to make available to the public the following facilities: Mega Image supermarket, pharmacy, restaurant, pub, bakery and premium services: dry cleaning, hairdresser, beauty salon, playground, currency exchange, bank, travel agency. The total investment of the company amounts to 12 million Euros and does not pursue a direct commercial return, but increasing the life quality of the residents.
The biggest attraction will be the fitness area and SPA, which will include: fitness room, an indoor and an outdoor pool, with terrace and sunbathing area, children's pool, semi-Olympic pool, whirlpool, massage room , squash courts, bar, spinning room and tennis court with lawn. The three pools will benefit from hot water, heated with renewable solutions, in agreement with the company's direction to implement green solutions for a smart city. All functions in the Greenfield Community Center are aimed at both residents and the general public and will become an attraction for shopping, relaxation and leisure.
Also within the Greenfield community center are the two public educational institutions, developed in a public-private partnership with the municipality of Sector 1, with a considerable capacity: 780 children in high school and 150 children in kindergarten. The land of 9,620 sqm, on which the construction works and the architectural project will start, worth 1.75 million Euros have already been donated to the municipality, and the City Hall of Sector 1 will start the construction works by the end of 2020, the deadline in operation is about to be communicated by the City Hall.
Another important point within the community center is the most modern STB terminal, from where buses will leave, the route of which will connect the Greenfield neighborhood with the Press Square and the central area of the capital. Currently, the STB 204 line already works, connecting the neighborhood with the Străulești terminal. The land necessary for the STB terminal in Greenfield, with an area of 1,400 sq m, is made available by Impact, with a loan agreement for an indefinite period and free of charge, to STB (Bucharest Transport Company). The value of the donation and of the entire project carried out by Impact amounts to 750,000 Euros.
Newly developed constructions will use modern design and construction solutions, which allow cost efficiency and high energy performance.
“Experience recommends us as a reliable, visionary developer, interested in creating communities for which we build to high quality standards, and the new phase of development in Greenfield comes with the challenge of integrating commercial and residential real estate into a unique project, which will set new benchmarks for housing and wellbeing. Our ambition is to develop a mini-city, responsibly and sustainably planned, which integrates all the functionalities necessary to a young community: living spaces, schooling for children, work, relaxation and entertainment, commercial and service spaces”, said Sorin Apostol, CEO of Impact Developer & Contractor.
Developed on an area of 60 hectares of land, embraced by 900 hectares of forest, the Greenfield residential compound in Băneasa offers the advantages of a secluded location, close to nature, such as clean air and low noise, complete with the necessary facilities for a living quality urban. The first 3 phases with over 2,500 apartments have been delivered by 2019, and phases 4 and 5 are to be developed by the end of 2028, the neighborhood will total more than 7,000 homes at the end of the works. Today, more than 6,000 nature and outdoor enthusiasts live in Greenfield, making up the largest urban community in Sector 1.
Impact Developer & Contractor, Romanian real estate developer listed on the Bucharest Stock Exchange, enters the real estate market in Iași through the acquisition of a 19,068 sqm land plot. The transaction marks a major step in the developer’s strategy for implementing Greenfield and LUXURIA living standards in large cities throughout the country.
The land is located in Copou area, known as one of the most attractive residential areas in Iași and also a historical landmark of the city, an area that is very well connected to the main points of interest in Iași. On this land plot, the developer will replicate the Greenfield model, its successful residential compound from Bucharest. Thus, the project will be a sustainable one, included in the green category, with BREEAM certification and it will include buildings of low height regime, large green areas, services that offer a modern standard of living.
Similar to Greenfield project in Bucharest, the compound that Impact will develop in Copou area of Iași will host a new residential community with a unique living experience, in harmony with nature, completed by the proximity of tourist attractions and relaxation areas such as the Botanical Garden and the Copou Park.
The transaction follows the developer’s launch, this year, of the construction works for Boreal Plus compound in Constanța, as part of the expansion strategy in the large cities of the country.
`An important part of Impact Developer & Contractor group’s strategy is to expand and promote Greenfield and Luxuria Residence living standards, both in Bucharest and in the large cities of the country. We are delighted to enter the real estate market in Iași by purchasing a plot in one of the best areas of the city, where we will implementone of our successful projects! This acquisition is our first expansion step in Iași, and in the coming years we will expand and consolidate our presence in Iași`, said Sorin Apostol, CEO of Impact Developer & Contractor.
This year, Impact Developer & Contractor continued the construction and sales activities in its main projects based in Bucharest and in the country. In Greenfield Residence, the company will start the development of the largest community center in a residential compound, that will complete the range of facilities offered to residents. On the premium segment, in Luxuria Residence, project that has the BREEAM Excellent Certification, the developer delivered the first phase (232 apartments), held the reception for the second phase (268 apartments) and is continuing the works for the third phase (130 apartments). In Constanța, Impact has begun the construction of Boreal Plus, which will include 18 villas and a total of 673 apartments.
Luxuria Residence, the first luxury project developed by Impact Developer & Contractor in Expoziţiei area, held the reception with the authorities for the second development phase and thus becomes the most advanced residential project in this area. The reception was organized for 4 high-quality buildings, with a total of 268 units.
The units in the second phase of the project have a vast typology: from studios to 2-room, 3-room, or 4-room apartments, as well as duplexes and penthouses adapted to a select lifestyle. The apartments have total areas ranging from 75 sqm to 349 sqm, generous heights of 2.8 - 3 meters, and modern design, with luxurious finishes. By June 30th, 2020, 31% of the second phase units were precontracted.
The second development stage of the compound integrates generous green spaces, gardens, and a lounge dedicated to residents for various activities, such as networking, remote work, meetings, or reading and relaxation.
Luxuria Residence was designed to fit the energy class A category and is currently the only residential project in the country that holds the BREEAM Excellent Certification, bringing residents long-term benefits.
“IMPACT Developer & Contractor has entered the luxury residential market with a project that raises the standards for quality and energy efficiency. BREEAM Excellent is a benchmark qualification and we are pleased that the first to experience this new living concept will be Luxuria’s residents. These days we took another step towards completing the second phase of the project and because the whole ensemble already looks like a western scenery, with sumptuous buildings and unique landscaping, we received much appreciation both from investors and final customers who want to live in Luxuria Residence”, said Sorin Apostol, CEO of Impact Developer & Contractor.
The entire project, which will include 630 apartments, is developed on a 22,500 sqm land plot, out of which 42% (9,650 sqm) is dedicated to green spaces. The overall housing area is complemented by a variety of facilities that anticipate residents’ needs, offering them a high living standard: secured access in the complex, human security, video surveillance, 24/7 receptions, exclusively underground parking, private park, fitness center, lounge and playgrounds. The location of the project, between Expoziției Boulevard and Aviator Popișteanu Street, ensures great connectivity with the city's centers of interest, such as parks (5 minutes drive to Herastrau Park), hospitals, educational units, restaurants, wellness clubs, and shopping centers.
Impact Developer & Contractor, the only real estate developer in Romania listed on the stock exchange, announces the obtaining of the building permit for 341 apartments, 450 sqm of commercial spaces and 427 parking spaces in Boreal Plus residential compound in Constanța.
Located in one of the best rated residential areas of Constanța, in Palazu Mare, Boreal Plus residential compound includes a total of 691 homes, of which 673 apartments, in 9 blocks, and 18 luxury villas.
The 5 blocks, with a height regime of GF +8F+Technical floor and GF+11F+technical floor, will include 341 studio apartments, with 2 and 3 rooms, with an estimated delivery time in the first part of 2022. Boreal Plus passes into the second phase of development of the project, after in the first part of the year, the begining of the construction works of the 18 villas in the project began, representing the first phase of development.
Boreal Plus will be built in four stages, on a plot of 64,440 square meters, and the location benefits from easy access to the beach and transport infrastructure, as well as a kindergarten, hypermarket, playground for children, with sports field and commercial spaces. The neighborhood is located near DN2A, only 15 minutes away from the center of Constanta, but also from the A4 motorway.
"Developed in line with the sustainability policy pursued by Impact Developer & Contractor in all national projects, Boreal Plus will have a selective waste collection and management system, energy efficient lighting along with specialized infrastructure for recovery and wastewater management. The location in Constanţa, where Impact started the new investment, has an increased development potential considering that there is no large residential compound of superior quality in the area. The area also records higher rental prices compared to the rest of the market in Constanta. The average cost of rent for a one-room apartment is 250 euros in this area, compared to the market average of 180 euros. For two- and three-room apartments, the rent varies between 350 and 400 euros, compared to the city average of 260 and 350 euros, respectively. An investment in a rental home in this area would generate a return of at least 6.5%, a result superior to other investment instruments available on the Romanian financial market, especially considering that there is a launch offer for the first phase of sales", said Sorin Apostol, CEO Impact Developer & Contractor.
Boreal Plus apartments are well sized and compartmentalized, have panoramic views to Lake Siutghiol, which adds elegance and comfort for an exclusive life near the Romanian coast. The complex will also have 826 parking spaces, of which 289 will be arranged in a multi-storey car park, with a height of Ug + Gf + 4F.
At the design level, Boreal Plus is created to integrate harmoniously with the environment with the help of exterior finishes and materials that create a minimalist ecosystem with straight, clean lines, without excessive details.
IMPACT Developer & Contractor S.A. (IMP) ended the first half of 2020 with 133 homes sold and 260 pre-contracted homes, totaling 212 million lei. Of the stock of 487 apartments available in S1, 255 in Greenfield and 232 in Luxuria (March 2020), 60% were contracted. To these are added 102 pre-contracted apartments in the new development phases.
The first semester of 2020 focused on the construction of buildings and the preparation of documentation for future constructions in the representative neighborhoods developed by the company in Bucharest: Greenfield Băneasa and Luxuria Residence, respectively Constanța - Boreal Plus.
In H1 2020, 133 sale-purchase contracts were registered, which brought revenues of 65.808 million lei, to which are added 260 pre-contracts of sale, purchase and reservations totaling 146.28 million lei. The 133 contracts mean 88 units sold in Greenfield (7,650 sqm) and 45 in Luxuria (3,347 sqm), including apartments, parking lots and yard lands related to the package. The apartments sold in the first semester of 2020 totaled a built area of 10,998 sqm.
"In a difficult time, with two months of lockdown and a crisis caused by the Covid-19 virus, Impact Developer & Contractor continued its construction and sales activities, with a focus on trading completed apartments, available in both Greenfield, as well as in Luxuria. Despite this crisis, Impact was on a positive trend, registering in the first half a profit of 8.7 million Lei, and an EBITDA of 17.6 million Lei. We have confidence in the projects we develop and in their degree of attractiveness, which will raise the level of profitability in the second half of the year in accordance with the objectives assumed by investors and shareholders. The housing acquisition behavior has acquired new valences, especially in the context of the COVID crisis, but also of the New House program, which encourages buyers to move towards more spacious, better quality housing, thus raising the living standards of Romanians. More time spent at home with Government-imposed measures due to the pandemic crisis has mobilized people to move to larger homes and ensembles where the living context includes gardens, parks or forests, as in the case of Greenfield. Working from home created the need for an office room in the apartment and became a motivating factor in the purchase, and the fact that Luxuria thought of this option from the project stage, is a plus for those who work from home, "said Sorin Apostol , CEO Impact Developer & Contractor.
For the second semester, Impact envisages: for Luxuria, the completion of the second phase (268 apartments) and the continuation of the works in the third phase (130 apartments); obtaining construction permits, starting works and financing the fourth phase of Greenfield and the first phase of development in Boreal Plus Constanța.
The fourth development phase of Greenfield Residence includes the Teilor Ensemble (1,900 apartments) and brings a premiere for IMPACT: the first commercial project with a recreation center - Greenfield Plaza, offering a mix that will complete the range of facilities offered within the community.
Greenfield Plaza includes a Strip Mall, SPA area, gym, office area. The new Greenfield phases will be designed to include Smart City facilities and buildings that respect the design principles of green buildings, minimize energy consumption and use energy from renewable sources, leading to a reduction in carbon footprint.
IMPACT ON THE CAPITAL MARKET
In April 2020, following the EGMS decision of April 28, 2020, it was approved to reduce the company's share capital from LEI 274,443,532, with the amount of LEI 9,443,532, by reducing the number of shares, from 274,443,532 shares to 265,000,000 shares, as a result of the cancellation of a number of 9,443,532 treasury shares, acquired by the Company. The reduction of the share capital took place and was registered in July 2020.
CSR ACTIVITIES
With a constant interest in raising the standard of living of Greenfield residents, Impact has taken the first steps so that all children of the residents can benefit from educational centers near the house. In order to build a state school and a kindergarten, Impact donated the land and the project necessary for their construction to the Bucharest City Hall, both amounting to 1.75 million Euros.
Impact Developer & Contractor, the only Romanian real estate company listed on the Stock Exchange, pays dividends to shareholders, starting with the 17th of August, 2020. Payment is made automatically for investors registered in the RoClear System or upon request, by bank transfer based on a previous request, or in cash, at the BRD Group Societe Generale counters.
The shareholders of Impact Developer & Contractor approved in the General Meeting of April 28 of this year the distribution of dividends amounting to 10.7 million lei from the profit of 154.14 million lei obtained during 2019. Thus, a gross dividend is quoted at 0.04 lei per share, which ensures investors a return of 2.73%.
The shareholders who can benefit from dividends are those who are registered in the issuer's shareholders' register, on 27.07.2020. Shareholders who are customers of a Participant in the clearing-settlement and registry system of the Central Depository may collect their dividends through it.
In the case of shareholders who do not have an account opened with a participant of the RoClear system, the payment is made as follows:
• by bank transfer, based on requests sent by shareholders;
• in cash, at the bank counters of BRD Group Societe Generale throughout the country.
„Impact Developer & Contractor respects the payment procedures of the shares and ensures a transparent communication towards all its shareholders. 29 years of existence on the real estate market and the experience of 24 years of listing on the Bucharest Stock Exchange are relevant indicators, which give confidence to shareholders and those interested in investing in Impact shares. We are developing large-scale projects, which validate the excellence of the company and they are reference points in its evaluation, from an investment point of view. Greenfield Residence and soon Greenfield Plaza, the first commercial project of Impact, the premium ensemble Luxuria Residence and Boreal Plus from Constanța are projects that we are focusing on at the moment, proving the experience accumulated over time. We implement innovative, sustainable concepts that meet exactly the expectations that the market has. Sustainability is Impact's operating policy, and correlating it with the 3 P's of sustainability (planet, population, profit) that have a strong impact on business is a necessary practice, because the planet, people and profit are essential assets for Impact,” said Sorin Apostol, CEO of Impact Developer & Contractor.
Impact Developer & Contractor is listed on the Bucharest Stock Exchange, with the IMP stock symbol, since 1996. The main shareholder of the company is Gheorghe Iaciu, who holds 58% of the shares, followed by Adrian Andrici, with 15% of the shares.
The residents of District 1 Bucharest will benefit from new educational institutions near Băneasa Forest, an area with clean air, extremely necessary for children. A state school and kindergarten will be built in Greenfield, the forested neighborhood, after the General Council of Bucharest accepted the proposal to donate a 9620 sqm plot of land, submitted by Impact Developer & Contractor. The value of the donation, which also includes the project for the construction of the school and kindergarten, amounts to 1.75 million euros, according to the evaluation report.
In the meeting that took place on Wednesday, July 15, 2020, the General Council of Bucharest adopted a project aimed at responding positively to the offer of donation of land located in Bucharest, Aleea Teișani District 1, for the construction of a school and a public kindergarten in the Greenfield neighborhood. According to the information contained in the document, the construction works, which are the responsibility of the Council, have a starting date of 31 December 2020.
„The offer of donation with tasks authenticated under no. 456/2020 of SC Impact Developer & Constructor SA having as object the land located in Aleea Teişani no. 300-324, no. 394-410, Mogoşoaia Forest Road no. 15-31, no. 33-41, plots A 468/37, 38, 39, 40/1, 40/2, 40/3, 40/4, 40/5 and 40/6, sector 1 (currently Aleea Teişani no. 312-324, sector 1) with an area of 9,620 sqm. (...) After concluding the donation deed in authentic form, the building-land (...) passes into the administration of the Local Council of Sector 1 in order to include in the public domain of the Municipality of Bucharest and the construction of a school and a kindergarten, together with all the necessary annexes and utilities ”, is mentioned in the adopted draft decision.
The project responds to the need for schools and kindergartens in District 1, an area in continuous development on the residential segment, with a continuous increase in the number of preschoolers and students. The two educational centers are an integral part of the largest community center built in a residential complex in Bucharest, developed on 32,071 sqm, which will include: strip mall, kindergarten and state school, STB terminal, minibus station.
The school and kindergarten will have direct access to a public road and will be modern educational spaces, where approximately 1,000 children from the northern part of Bucharest will be able to learn, as follows:
- the kindergarten will be able to receive 150 children in 15 classrooms, a multifunctional room, a medical office + isolator, a food office, administrative spaces, technical spaces and a covered playground;
- in school they will be able to learn two series of 390 children in 13 classrooms, 5 laboratories (chemistry, biology, physics, computer science, foreign languages), two workshops (music and arts), 1 after-school room, 1 library , a gym + locker rooms, a multifunctional foyer, a speech therapy office, a pedagogical counseling office, a medical office + isolator, a buffet space + food office, a school shop, a covered inner courtyard, an outdoor sports field free, a partially covered recreation yard, a maintenance workshop, bicycle parking platforms, various technical and administrative spaces.
"Over time, we have supported a healthy lifestyle and had multiple initiatives to educate the general public, the Greenfield community and educate children. Plogging and planting events, birdwatching sessions and the construction of bird houses in Băneasa Forest prove the involvement in non-formal education and social responsibility. And because the time has come to do more for education, with the support and acceptance of the City Hall and the Local Council of District 1, we managed to donate this land on which will be built kindergarten and school, which will benefit all those who live in north, especially in the vicinity of the Greenfield neighborhood. It is an important step for us and we hope that the initiative will be appreciated and, why not, to inspire others, because educational institutions closer to home contribute to a high standard of quality of life," said Sorin Apostol, CEO to Impact Developer & Contractor.
The advantages that the two educational centers bring are: reduced travel time to school and kindergarten for nearby residents, reduction of pollution, the possibility of prolonged sleep in the morning and a plus for children, in terms of fresh air.
IMPACT DEVELOPER & CONTRACTOR submitted to the MUNICIPALITY OF BUCHAREST the donation offer of 9,620 sqm for the construction of a school and a public kindergarten. It is about a land located in the north of Bucharest. Currently, in that area of District 1 live approximately 1,500 children of school and preschool age, the nearest educational unit being over 4 km away. This situation generates traffic congestion, pollution and a low level of safety for students who have to travel long distances to school.
The approach of IMPACT Developer & Contractor represents a step towards normalcy and an invitation for all major real estate developers in the country to evolve by investing in education. This year, the company has allocated over 1 million euros (excluding VAT) for the expansion of public utilities that will serve both the school and kindergarten, as well as other areas in the vicinity of the Greenfield neighborhood. IMPACT Developer & Contractor plans to build additional access roads nearby. Today, they are in the final phase of approving the PUZ documentation, and once completed, they will be transferred free of charge to the public domain.
According to the approved urban plan, near the school and kindergarten will be built on 2 lands provided free of charge to the municipality, an STB terminal, various other public functions and an ISU subunit to serve the entire northern part of the capital. For the execution of these functions and infrastructure elements, IMPACT Developer & Contractor has allocated a budget of over 3 million euros (excluding VAT).
Located in the area delimited by Băneasa Forest, Tunari Forest and Teișani Alley, Greenfield is the flagship project of Impact Developer & Contractor, and the plans of the district development company include buildings with low CO2 footprint, green spaces much larger than legal regulations, as well as smart city and wellness solutions. In this regard, Impact Developer & Contractor will subsidize the construction of a community center in the neighborhood with commercial, service and sports functions. Thus, at the same time as satisfying a real need of the inhabitants of the complex, the traffic generated by the residents to the city will be significantly reduced. The entire development strategy of the Greenfield neighborhood is designed to be part of a set of public functions of general interest, for the benefit of the entire northern area of Bucharest. Below, we present the steps that the company followed to start this project and details on its realization.
At the end of April, by notarial deed, at the request of the City Hall of District 1 of Bucharest and the General City Hall of Bucharest, Impact Developer & Contractor submitted to the General City Hall of Bucharest and the General Council of Bucharest the donation offer for the urban land of 9,620 sqm, located in Bucharest, Teișani Alley, District 1, adjacent to the Greenfield neighborhood. That land is registered in the Land Book no. 277156 of Bucharest, District 1. According to the zonal urban plan ZUP- Teișani Alley - Pădurea Neagră Street, no. 56-64, the land area that is the object of the donation has the function of UTR Education.
The Local Council of District 1 voted in favor of the request to CGMB, on 28.05.2020, for the reception in administration for the construction of a school and a public kindergarten on this land, together with all the necessary annexes and utilities, according to the draft annexed to the donation act and all technical documentation for the building permit, also donated free of charge. In this sense, there is already an agreement of principle acceptance from the Administration of Pre-University Education Units and Public Sanitary Units Sector 1. The start of works also has a precise deadline, no later than 31.12.2020.
Together with the project for the construction of the school and kindergarten, the value of the donation amounts to approximately 1.75 million euro, according to the evaluation report.
The school and kindergarten will have direct access to a public road and will be modern educational spaces, where approximately 1,000 children from the northern part of Bucharest will be able to learn, as follows:
- the kindergarten will be able to receive 150 children in 15 classrooms, it will have a multifunctional room, a medical office + isolator, a food office, administrative spaces, technical spaces and a covered playground;
- in school there will be able to learn two series of 390 children in 13 classrooms, 5 laboratories (chemistry, biology, physics, computer science, foreign languages), two workshops (music and arts), 1 after-school room, 1 library , a gym + locker rooms, a multifunctional foyer, a speech therapy office, a pedagogical counseling office, a medical office + isolator, a buffet space + food office, a school shop, a covered inner courtyard, an outdoor sports field free, a partially covered recreation yard, a maintenance workshop, bicycle parking platforms, various technical and administrative spaces.
IMPACT Developer & Contractor S.A. (IMP) ended the first quarter of 2020 with 94% contracting for Greenfield project and 62% contracted from the first phase of Luxuria project, with sales revenues of 4.8 million euros, EBITDA of 980 thousand euros and an optimistic outlook for the next two quarters, when expected 25 million Euro of sales revenue. The estimates are based on the delivery of the apartments from phase 1 of Luxuria, located in the new business pole of Bucharest, which includes a necessary mix of residential and office.
Impact activity in the first 3 months of 2020 was dominated by the development of two residential projects in Bucharest: Greenfield Residence Băneasa and Luxuria Domenii Residence. As of March 31, 2020, 2,394 apartments were contracted (94%), namely 2,338 sale and purchase contracts and 56 promises and reservations, out of the 2,548 apartments already built, related to the Greenfield project. The reported sales figures reinforce Greenfield's high level of interest in the market and confirm the viability of Impact projects.
Luxuria Domenii Residence ensemble completed the first phase and started the delivery of the apartments. As of March 31, 2020, the first phase is contracted in proportion of 62%, which constitutes sale-purchase promises, starting with the signing of sale-purchase contracts from May 15, 2020. At this moment, 31% of the second phase is reserved (83 apartments out of the 268 available), and the third phase (130 apartments) was recently launched for sale. The positioning in the northern part of the capital, the high degree of construction quality and the facilities offered are relevant strengths in the current context, in which the comfort and safety of housing become a priority.
In addition to the 50 sale-purchase contracts, the value of which is reflected in revenue recorded in the first quarter of 2020, on 31 March 2020 pre-sale and purchase contracts and reservations were signed for 286 apartments in Greenfield and Luxuria, with a value of of 32.8 thousand Euro.
"2020 has started promisingly and the current situation creates an additional motivation to maintain at the same level the prestige of Impact projects on the real estate market and the relevance among consumers, through differentiators that influence the decision to purchase a home. Currently, in Bucharest we are developing a new product in Greenfield, Panoramic Apartments, a home wellbeing concept for new members of a community with a focus on a healthy lifestyle. On the premium segment, at Luxuria Domenii Residence, we started handing over the first apartments in phase I, now having turnkey apartments available for sale, with the possibility to move in short time. We continue the finishing works for the second phase and the construction works for the third phase. In Constanța, we started the sales within the Boreal Plus project for the 18 villas and the blocks, totaling 675 apartments, which are in the authorization phase ", said Sorin Apostol, CEO of Impact Developer & Contractor Group.
By the end of the year, Impact also intends to complete phase II (268 apartments) of Luxuria project, to advance the works for phase III (130 apartments), to obtain building permits and to start the works for Greenfield IV and Boreal Plus Constanța. Another objective is the prospecting of financing solutions for phase III Luxuria, Greenfield IV and Boreal Plus Constanța.
About Impact Developer & Contractor S.A.
Founded in 1991, Impact Developer & Contractor SA is the first 100% private real estate company in the post-communist period. In the 29 years of activity, the company has developed 16 residential complexes in Bucharest and in the country, totaling over 450,000 square meters built and over 4,000 units delivered.
Impact Developer & Contractor is listed on the Bucharest Stock Exchange since 1996. Starting with 2006, its shares are listed in category I of BVB, and since January 2015 Impact shares are traded in Premium category, according to the new segmentation of BVB.
Bucharest, 06.05.2020: Bergamot Developments S.R.L., a company owned by Impact Developer & Contractor, announces the completion of the first phase of Luxuria Domenii Residence project, which will take place in the second half of May. Classified in the premium category, the residential complex is positioned in the new business hub of the capital, where over 20,000 corporators will work, an aspect that maintains a high degree of interest for nearby homes.
The residential compound was designed from the beginning to be included in energy class A and in the category of green buildings, receiving Breeam Excellent Certification, which is an alignment to the international standards of residential buildings. The first phase totals 232 apartments and includes studios, studios, 2, 3 and 4-room apartments and 4- and 5-room penthouses.
As of December 31, 2019, the reservation rate was 55% of the first phase apartments, in the top of preferences being the 2-room apartments. Clients also showed interest in studios, as well as for 3-room apartments, the ranking being followed by 4-room apartments and duplexes.
"Despite the distortions currently created by the spread of Covid-19, the real estate market in Romania maintains a healthy foundation, based on both a sustainable demand and a mature industry sector, supported by developers with solid financial resources. Therefore, we believe that in the next period, the residential real estate segment will return relatively quickly to normal, especially in the new construction segment. That is why, at present, we have adopted a series of measures to protect the employees against the spread of the new virus, which allowed us to continue the execution of the construction work plan, so that we can meet the delivery deadline for the first phase of the project. Given the announced plans of the authorities, for the gradual lifting of isolation measures, we are confident that we will be able to meet the deadlines for the following 2 phases: 268 apartments with delivery in December 2020, and 130 apartments in April, respectively 2021. At this moment, we are working in parallel on all three phases of the project, at a pace that ensures the achievement of these objectives ", said Sorin Apostol, CEO of Impact Developer & Contractor.
In the context of a new perspective on lifestyle and how to relate to one's home, Luxuria Domenii Residence satisfies many of the modern citizen needs, who wants to make a change for the better and reach the next level, through the quality of his life.
Luxuria offers a western living context in a good area of Bucharest, multiple facilities as a whole: exclusively underground parking, theme park, fitness centers, lounge, 24/7 receptions, children playgrounds, secure access, human security and video surveillance. The nearby points of interest cover the needs of business people, but also of families: parks (5 minutes drive to Herăstrău Park), hospitals, educational units, restaurants and clubs and wellness centers. Connectivity to key points means easy access to the city center, business centers and to the airport, which reduces traffic time.
Bucharest, 28.04.2020: Impact returns with strong will on Constanta market and starts the works on Boreal Plus project. The new complex will be developed on a plot of land with an area of 4 ha located in the north of the city, in Palazu Mare, one of the best rated residential areas of Constanța. The project will deliver 693 premium homes, villas and apartments on the market and will be built in 3 phases, carried out over a period of 3 years (2020 - 2023). The market value of the project is 61.6 million €.
Boreal Plus is an extension of the already known Boreal neighborhood, the first residential project that the developer delivered in Constanța (2010) and it is positioned on the medium-high segment, targeting people with above average and high income. The ensemble will include 4 individual villas and 14 connected to the heel, together with 9 blocks with a maximum height regime GF + 11F.
The individual villas have a built area of 170 sqm and those connected to the heel have an area of 167 sqm. They present modern compartmentalization, which differentiates the rest area from that of daily activities. For extra harmony with the natural environment, each house has land for green space, with areas from 315 sqm to 458 sqm. The construction works for the villas are advancing rapidly, the resistance structure being already completed. The units can be pre-contracted starting May 2020 and will be delivered in September. The sale price of a villa starts from 291,000 € (VAT included).
The 9 blocks, which are in the authorization phase, will be developed in 3 stages: the first 3 blocks with 210 apartments will be delivered in 2021, 2 blocks with 133 apartments in 2022 and the last 4 blocks with 332 apartments in 2023. Out of the total of 675 apartments, 227 will be studios, 342 will be 2-room apartments and 106 will be 3-room apartments. The homes are well sized and compartmentalized and benefit from a panoramic view of Siutghiol Lake, which adds elegance and comfort for an exclusive life near the Romanian coast. The complex will also have 811 parking spaces, of which 289 spaces will be arranged in a multi-storey car park, with GF + 4F height that will be built in the first stage.
"Boreal Plus project marks the return of Impact to Constanța. The company has been among the pioneers of residential developments in the city after the revolution, opening the Tomis residential area, through the Boreal project. Constanța remained in our attention as an area with great residential potential, given both the tourist interest of the area, but especially the prospects for economic development. We are confident that the economic expansion of the port will continue to consolidate the status of major regional commercial hub of the city and together with advantages such as the presence of a strong university center or very good connectivity with the Capital, will contribute in to the economic development, making it the economic area of the country with one of the highest growth rates. We have already seen the first signs of this return on the residential market in the last two years, in which the demand for new homes has grown steadily in Constanța.
Therefore, we believe that the launch of Boreal Plus project comes at an optimal time, especially since we aim to bring a unique mix of quality, style and accessibility to the residential market in Constanța. Boreal Plus project brings a new standard of living in the medium-high segment, combining key factors such as the advantageous location, the wide range of facilities available and sustainable development, using carefully selected materials and efficient technical solutions. Located in the north of Constanța, leaving behind the agitation and pollution, the new neighborhood will offer residents a quiet environment, close to nature, where they can develop harmoniously, while having the opportunity to easily connect to places of interest in the city. We are confident that the multiple advantages of the project will make Boreal Plus the ideal home for the modern buyer, who is looking for a balance between urban comfort and the natural environment ", said Sorin Apostol, CEO Impact Developer & Contractor.
The location of the complex provides easy access to various points of interest, being 15 minutes from the city center, the A4 motorway and only 10 minutes from the beach. The area will be served by the hypermarkets and supermarkets nearby: Carrefour, Mega Image, Penny Market and Auchan, large shopping centers such as Tom and Vivo, but also by educational and medical units.
Responsibly and sustainably planned, the neighborhood will include: selective waste collection and management system, efficient lighting, wastewater recovery and management. The architectural style of the buildings in Boreal Plus is a minimalist one, both the premium materials, interior and exterior finishes, as well as the colors and textures being chosen so it can harmoniously integrate into the environment.
The project has provided green areas on an area of 12,000 square meters, which provides a natural environment, conducive to relaxation, for residents. The project is completed by a range of services and facilities that anticipate the needs of residents for a quality urban life, from parking, storage rooms and secure access, to commercial and office spaces, a park with a playground for children, but also a kindergarten, for added accessibility, safety and comfort for families.
Bucharest, 02.03.2020: IMPACT Developer & Contractor SA (IMP) ended 2019 with 352 homes sold, worth 156.6 million lei and 263 pre-contracted units, worth 146 million lei. The sales result has increasing by 54% compared to the figures of the previous year. The pre-sale-purchase contracts in the two projects in the capital, Greenfield Băneasa and Luxuria Domenii Residence, will take place during the year 2020.
The company recorded an operating profit (EBITDA) of 52 million lei and a net profit of 165 million lei. The net profit for the year 2019 also reflects the impact of accounting appreciation of the significant portfolio of land held by the company.
In 2019, Impact continued the construction work on the existing projects, Greenfield Baneasa and Luxuria Domenii Residence in Bucharest. These were materialized by the completion of the third development phase in Greenfield, with the delivery of the last 192 apartments. In parallel, it was obtained the urbanism act for a new project, Boreal Plus from Constanța, located in the immediate vicinity of the Boreal project, built by the developer 10 years ago.
"We ended year 2019 with very good results, which prove the competence of the company, respectively a 54% increase in sales compared to the previous year. Beyond the financial aspects, the sales results confirm the attractiveness of our projects, the fact that we have managed to develop real estate products with a high standard of quality for different categories of public, offering them modern housing experiences. Our mission is to have a positive impact on people's lives and to generate profitable investments for our clients. For the year 2020, considering that we are approaching the anniversary of 30 years of activity, we plan a new phase of expansion, by geographic expansion in the main cities of Romania and by diversifying the portfolio of projects.” said Sorin Apostol, CEO Impact Developer & Contractor.
In 2020, Impact will start work for phase IV in Greenfield Baneasa and for the new community center, Greenfield Plaza. In Luxuria Domenii Residence, the first two phases will be completed and the last phase of development will begin, and in the other cities of the country, Impact will start sustainable projects, in order to capitalize on the accumulated and proven experience. Thus, work will begin for the Boreal Plus residential complex in Constanța, which is in the extension of the already known Boreal neighborhood.
By 2028, Impact has planned the development of 9 projects worth 1.2 billion Euros, in 5 major cities in Romania.
• 210 sold apartments, worth over 100 million lei (+ 63%);
• 334 pre-sale contracts and bookings worth more than 163 million lei (+ 80%) to be converted into sale-purchase contracts in the next period;
Bucharest, November 14, 2019: IMPACT Developer & Contractor SA (IMP) sold in the first 9 months of the year 210 homes and outbuildings (parking lots, courtyards) worth 100,550 thousand lei, up 63% compared to the same period in 2018. In addition to the 210 sale-purchase contracts, on September 30, 2019, pre-sale and booking contracts were signed for 334 apartments with a value of approx. 163.5 million lei in Greenfield and Luxuria projects. Their value will be highlighted as revenue in the following quarters. The operating profit obtained (EBITDA) registered an increase of 189% compared to the equivalent period of 2018, representing the best result after 9 months registered by the company, in the last 10 years.
“The results recorded in the first 9 months confirm, once again, the success of the existing projects, Greenfield and Luxuria. We continue to rely on a strong interest, both from real estate investors and final consumers, so we are confident that we will support this growth in the fourth quarter. We are expecting the completion of the authorization process for the next development phases shortly from Greenfield and the Boreal Plus project from Constanța, which marks the beginning of a new phase of expansion of the company by developing more than 5,000 homes and 6,000 square meters of commercial spaces, together with essential facilities for the communities created, such as recreation and relaxation units, public education or public transport facilities ”, said Răzvan Ionescu, Marketing Director of Impact Developer & Contractor.
The homes traded during the mentioned period totaled a built area of 19,172 sqm, 45% higher than the units sold during the first 9 months of 2018 (13,201 sqm), the mix being mainly composed of apartments with 3 and 4 rooms. Most of the homes (209) were sold in Greenfield Baneasa, the largest residential complex in District 1 of the capital.
Luxuria Domenii Residence: During this period we have continued the works for the construction of the first two phases of the project, which have the deadline for receiving the construction works for the fourth quarter of 2019, respectively the third quarter of 2020. On September 30, 2019, the first two phases are contracted. 44% (60% first phase and 30% second phase). Luxuria Domenii Residence addresses the premium segment of the residential market. The project was started in 2018, is developed in three phases, on an area of approx. 2.25 ha and includes 630 apartments, with delivery until the second half of 2021.
Greenfield Baneasa Residence: In the third quarter there were completed the construction work for the last 192 apartments with 2, 3 and 4 rooms, related to phase III of development. As of September 30, 2019, over 90% of the 2,548 apartments built in the first 3 development phases of the district were contracted. Also, the steps for obtaining the PUZ for Greenfield IV (approx. 1,900 apartments) and Greenfield V (over 2,400 apartments) were continued. Greenfield IV will include the Greenfield Plaza community center which will involve a Strip Mall, office area, SPA area, gym, school and kindergarten, STB terminal. These new phases will be designed to include Smart City facilities and buildings that can be categorized as green buildings, minimizing energy consumption and using energy from renewable sources, leading to a reduction in the carbon footprint.
At the end of Q3, IMPACT Developer & Contractor SA (IMP) has registered income of RON 123 million, of which RON 112, 1 mil (EUR 23,6 million) from selling of apartments, the best result of the company in its history, an increase of 42% compared to the same period of last year. Based on these results, the net profit has increased to RON 27,9 million, an increase by 273% compared to last year’s result when the company had a net profit of RON 7,5 million.
The GREENFIELD residential project has generated most of the sales. There have been 429 signed contracts and pre-contracts during January-September. In terms of customers’ preferences, the 2 rooms apartments ranked first (50%), followed by 3 rooms apartments (36%), and finally by 4 rooms apartments (14%).
"The outstanding financial results achieved in the first nine months have arrived even at a time when the market was slightly retained not only because of the introduction of the Law on Debt Discharge, but also because of the end of the funding granted for First Home program thus reconfirming the quality of the GREENFIELD project that becomes a bestseller on the residential districts’ market. Our priorities in the near future will be directed both towards completing the construction works for the 39 new buildings in Greenfield and towards starting the development of two new projects in the Bucharest Ghencea and Barbu Vacarescu areas, where the company owns almost 30 hectares of land plots intended to be used for future residential development. In addition, we are constantly following trends and market developments in order to be able to provide attractive residential products thus ensuring IMPACT recognition as the leader of the local residential market", says Bartosz Puzdrowski, CEO of IMPACT.
IMPACT currently holds approximately 890.000 sqm mainly intended for the development of new real estate projects in Bucharest, where the company intends to focus on its future projects. The land plots registered in property investments in addition to the fixed assets have been reassessed at the market value in December 2015.
The company's liabilities have decreased by 24% at Q3 from RON 106,83 million to RON 80,8 million. Overall, the company's indebtedness level to September is around 17%, which shows an increased capacity to generate new projects.
Starting with the 1st of September, the CEO position at Impact Developer & Contractor, the first private real estate developer in Romania, will be filled by Bartosz Puzdrowski for the next 3 years. The Polish executive has been assigned by the company’s Board of Directors, after a rigorous candidate selection.
An experienced real estate manager with over 20 years in the profession, Bartosz Puzdrowski has previously held executive and senior management positions in leading companies on the residential, office and retail real estate market. He was, among others, Board Member at ICON Real Estate in Poland and Finland (responsible for office and residential development and refurbishment projects in Warsaw and Helsinki), the Managing Director for the Real Estate Development Segment in Marvipol Group (a leading residential developer in Poland, listed on the Warsaw Stock Exchange), CEO at Polnord SA (a leading residential developer in Poland, listed on the Warsaw Stock Exchange).
He has also been the Country Manager for Poland and the Baltics at Avestus Real Estate (a leading commercial real estate developer in CEE region), as well as the Director of the Development Department at ECE Projektmanagement Polska (a leading developer and investor of shopping centers in Europe) and Regional Development Manager at McDonald’s Polska. He graduated from the University of Warsaw, faculties of Philosophy & Sociology and a Master's program in Management, as well as from Warsaw - Illinois Executive MBA, where he majored in Business Administration and Commerce.
Bucharest, 18 august 2016: IMPACT Developer & Contractor, the first private real estate developer in Romania, is launching Platanilor Ensemble, the third development phase of the GREENFIELD residential complex located in Baneasa. For this stage, the developer is investing over 44 million euros in terms of blocks, infrastructure and other related utilities, and it will be completed during the first trimester of 2017. The apartments can be booked starting with August 2016.
Platanilor Ensemble is developed on a land area of 10 hectares and it includes 39 blocks built in a height regime of P+4E and P+5E, totaling 888 apartments with 2, 3 and 4 bedrooms. The first 21 blocks (476 apartments) will be delivered at the beginning of 2017 and the next 18 blocks (412 apartments) will be completed in the third trimester of the next year.
In this new development, a major attraction will be the Platanilor Park, in which the vegetation especially chosen will complete an area of 6.000 square meters with playgrounds, multifunctional sports ground, a fitness area and a recreation area, also charming the residents with wonderful colors and fragrances.
"After a very good first semester in terms of sales in which we have exceeded all of our other excellent results since 2008 until now, we have started to work on the third phase of the GREENFIELD neighborhood. The new residences will benefit from the same high quality standards that define this project and, in addition to that, we are now offering a unique advantage for the northern area of the capital – prices that are below the average ones in district 1. Thus, we intend to facilitate the acquisition of a new apartment for more customers that wish to buy a home in a great location in the northern area of the capital that is in the middle of nature, yet also very close to the city. Considering the success of the completed phases so far, we are expecting Platanilor Ensemble to also record good results. GREENFIELD’s community is currently bringing together more than 3.000 residents and is expanding each and every single day”, have said the representatives of IMPACT.
The new apartments in Platanilor Ensemble are equipped with premium finishing, under floor heating and exterior walls, 40 cm thick. The sanitary items are the latest model from the Ideal Standard brand, as well as the PVC windows Salamander Streamline with the new 5 rooms, VIESSMANN VITODENS central heating, Pinum doors, Kerama Marazzi sandstone and faience and Egger 8 mm thick parquet. The apartments located upstairs own a terrace, and the ones located at the ground floor have their own garden. The majority of the kitchens are closed, but they can be open-space too. Also, all the apartments are provided with storage units. The finishing in the common areas (interior staircase) is made of natural granite, and the elevator is Swiss, from the very well-known brand, Schindler.
The first phase of GREENFIELD was developed during 2007-2010 and is 100% sold. It covers an area of 10 hectares and includes 680 apartments and villas in five ensembles (Ruby, Topaz, Blue, Onyx and Quartz). The second phase, Salcamilor Ensemble, developed during 2014-2016, covers an area of 7 hectares and includes 35 buildings with 924 apartments of one, two, three and four bedrooms. Currently, it is 85% sold.
About Greenfield
GREENFIELD is the largest residential project situated in Bucharest’s District 1, surrounded on two sides by Baneasa and Tunari forests. The compound is located in close proximity to Baneasa forest, near the area’s biggest shopping centers and Pipera – Aviatiei office hub and a few minutes away from DN1, A3 highway and Henri Coanda International Airport. The concept of this project makes the transition from the independent residential compound to the development of an integrated urban community. Started in 2007, GREENFIELD was planned to be developed gradually in several phases. The compound has a total residential area of 60 ha and includes over 6.000 housing units. The over 900 ha of forest that embrace GREENFIELD as a natural filter ensure the lowest temperatures and emission values in Bucharest.
About Impact
Impact Developer & Contractor SA is the first and also one of the largest real estate developers in Romania. The company was founded in 1991 by public subscription, and, in 1996, it was listed on the Bucharest Stock Exchange. In 2006 the company's shares were promoted to the first tier on the BSE; the company thus became the first representative of the real estate development and construction industry in Romania being listed in this category. With 25 years of experience in the field, Impact delivered 16 residential compounds, over 330.000 built sqm, over 3.500 housing units and was awarded more than 100 distinctions for excellence. The company has expanded its business nationwide, being now present in Bucharest, Constanta, Oradea and Ploiesti.
Impact is the company that launched the concept of "residential compound" in Romania, in 2001.
Bucharest, July 11th, 2016: In the first semester of this year, Impact Developer & Contractor, the first private real estate developer in Romania has concluded over 300 contracts and selling pre-contracts for the apartments in GREENFIELD, the residential compound situated in Baneasa, summing a total amount of € 23,85 million (VAT included). This is the best result recorded by the company from 2008 until now, after 6 months of activity. On average, there were over 50 apartments contracted monthly, with a sales record registered in March consisting of 72 apartments sold. The most wanted were the 2 room apartments which are currently SOLD OUT (175 units), followed by the 3 room apartments (103 units). Around 28% of the apartments were sold through the state-backed “First Home” program for first home buyers.
The apartments are located in Salcamilor residential compound, the second phase of the GREENFIELD project, developed throughout 2014-2016, which covers an area of 7 ha and includes 35 blocks with 924 apartments. GREENFIELD thus reaches an 85% occupancy rate, counting almost 3,000 residents at this moment.
“This semester, Impact, as a developer, has exceeded their excellent results obtained before 2008. GREENFIELD mainly contributed to this and is a unique project on the Romanian real estate market due to the fact that it is located in District 1 yet in the middle of nature. Furthermore, even though the project is situated in the Northern area of the capital, we can still offer our clients apartments starting from 783 EUR/sqm +VAT, a price that is 15% lower than the Northern area’s average price. Even these days, a 4 room apartament with a total surface of 124 sqm can be bought with 436,445 RON +5% VAT (96,990 EUR +5% VAT)”, have declared the IMPACT representatives.
The compound’s apartments are equipped with premium finishings, underfloor heating and exterior walls 40 cm thick. The apartments located upstairs own a terrace, and the ones located on the ground floor have their own garden. The majority of the kitchens are closed, but they can be open-space too, opening to the living room. The sanitary items are the latest model from Ideal Standard brand, as well as the PVC windows Salamander Streamline with the new 5 rooms, VIESSMANN VITODENS 050W central heating, Pinum doors, Delta Design sandstone and faience and Egger 8 mm parquet. Also, all the apartments are provided with storage units. The finishings in the common areas (interior staircase) are made of natural granite, and the elevator is Swiss, from the well-known brand, Schindler.
About Greenfield
GREENFIELD is the largest real-estate project situated in Bucharest’s District 1, surrounded on two sides by Baneasa and Tunari forests. The concept of this project makes the transition from the independent residential compound to the development of an integrated urban community. Started in 2007, GREENFIELD was planned to be developed gradually in several phases and will be completely delivered in 2022. The compound has a total residential area of 60 ha and includes over 6.000 housing units.
GREENFIELD is located in close proximity to Baneasa forest, near the area’s biggest shopping centers and Pipera – Aviatiei office hub and a few minutes away from DN1, A3 highway and Henri Coanda airport. The over 900 ha of forest that embrace the district act as a natural filter ensure the lowest temperatures and emission values in Bucharest. The subway stations Tokyo, Washington and Paris on Line 6, which will link the existing network in Bucharest to Henri Coanda Airport, will be located near GREENFIELD, close to Baneasa Shopping City, the US Embassy and the French High School.
About Impact
Impact Developer & Contractor SA is the first and also one of the largest real estate developers in Romania. The company was founded in 1991 by public subscription, and, in 1996, it was listed on the Bucharest Stock Exchange. In 2006 the company's shares were promoted to the first tier on the BSE; the company thus became the first representative of the real estate development and construction industry in Romania being listed in this category. With 25 years of experience in the field, Impact delivered 16 residential compounds, over 330.000 built sqm, over 3.500 housing units and was awarded more than 100 distinctions for excellence. The company has expanded its business nationwide, being now present in Bucharest, Constanta, Oradea and Ploiesti.
Impact is the company that launched the concept of "residential compound" in Romania, in 2001.
IMPACT DEVELOPER & CONTRACTOR SA with headquarters in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 6-7th floor, Ilfov County, Reg Com No. J23/1927/2006, CIF: RO155483,
In accordance with Law no. 297/2004 on Capital Market Regulation, with Regulation no. 1/2006 regarding the issuers and securities operations, BSE Code and with the updated Financial calendar for 2016, bring to the attention of investors the possibility to consult the Preliminary Financial Statements as at
31.12.2015, at the working point of the company, located in Bucharest, Bucuresti – Ploiesti St., No. 172 – 176, Willbrook Platinum Business & Convention Center, Building A, 1st Floor, after the date of 15 February 2016, Monday to Friday, between 8:30-16:30 and on the company website www.impactsa.ro.
The report will be published on 15 February 2016 after 18.30.
The Preliminary Financial Statements as at 31.12.2015 are not audited.
For more details you can ask questions about these documents at intrebarifrecvente@impactsa.ro mail address.
S.C. IMPACT DEVELOPER & CONTRACTOR S.A
President of the Board of Directors
Iuliana Mihaela Urda
IMPACT DEVELOPER & CONTRACTOR SA with headquarters in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 6-7th floor, Ilfov County, Reg Com No. J23/1927/2006, CIF: RO155483,
In accordance with Law no. 297/2004 on Capital Market Regulation, with Regulation no. 1/2006 regarding the issuers and securities operations, BSE Code and with the updated Financial calendar for 2015, bring to the attention of investors the possibility to consult the Company Report for Q3 2015, at the working point of the company located in Bucharest, Bucuresti – Ploiesti St., No. 172 – 176, Willbrook Platinum Business & Convention Center, Building A, 1st Floor, after the date of 12 November 2015, Monday to Friday, between 8:30-16:30 and on the company website www.impactsa.ro.
The report will be published on 12 November 2015 after 18.30.
The Financial Statements as at 30.09.2015, presented in Quarterly Report are not audited.
For more details you can ask questions about these documents at intrebarifrecvente@impactsa.ro mail address.
S.C. IMPACT DEVELOPER & CONTRACTOR S.A
President of the Board of Directors
Iuliana Mihaela Urda
IMPACT DEVELOPER & CONTRACTOR SA with headquarters in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 6-7th floor, Ilfov County, Reg Com No. J23/1927/2006, CIF: RO155483,
In accordance with Law no. 297/2004 on Capital Market Regulation, with Regulation no. 1/2006 regarding the issuers and securities operations, BSE Code and with the updated Financial calendar for 2015, bring to the attention of investors the possibility to consult the Company Report for H1 2015 and also the Semiannual Financial Statements as at 30 June 2015, at the company headquarters located in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 7th floor, Ilfov County, after the date of 5 August 2015, Monday to Friday, between 8:30-16:30 and on the company website www.impactsa.ro. The report will be published on 5 August 2015 after 18.30.
The Financial Statements as at 30.06.2015, presented in Semiannual Report are not audited.
For more details you can ask questions about these documents at intrebarifrecvente@impactsa.ro mail address.
S.C. IMPACT DEVELOPER & CONTRACTOR S.A
President of the Board of Directors
Iuliana Mihaela Urda
IMPACT DEVELOPER & CONTRACTOR SA with headquarters in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 6-7th floor, Ilfov County, Reg Com No. J23/1927/2006, CIF: RO155483,
In accordance with Law no. 297/2004 on Capital Market Regulation, with Regulation no. 1/2006 regarding the issuers and securities operations, BSE Code and with the Financial calendar for 2015, bring to the attention of investors the possibility to consult the Company Report for Q1 2015 and also the Quarterly Financial Statements as at 31 March 2015, at the company headquarters located in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 7th floor, Ilfov County, starting on 15.05.2015, Monday to Friday, between 9:00 -16:00 and on the company website www.impactsa.ro.
The Financial Statements as at 31.03.2015, presented in The Quarterly Report are not audited.
For more details you can ask questions about these documents at intrebarifrecvente@impactsa.ro mail address.
S.C. IMPACT DEVELOPER & CONTRACTOR S.A
President of the Board of Directors
Iuliana Mihaela Urda
SC IMPACT DEVELOPER & CONTRACTOR SA with headquarter in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 6-7th floor, Ilfov, Reg Com No. J23/1927/2006, CIF: RO155483,
In accordance with Law no. 297/2004 on Capital Market Regulation, with NSC Regulation no. 1/2006, BSE Code and with the Financial calendar for 2015, bring to the attention of investors the possibility to consult the Annual Report for 2014 Financial Year and also the Financial Statements for the year 2014, approved by the Ordinary General Meeting of Shareholders on 25.04.2015, at the company headquarters located in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 7th floor, Ilfov County, starting on 27.04.2015, Monday to Friday, between 9.00 -16.00 and on the company website, the Financial Statements section.
For more details please ask questions about these documents at intrebarifrecvente@impactsa.ro mail address.
S.C. IMPACT DEVELOPER & CONTRACTOR S.A
President of the Board of Directors
Iuliana Mihaela Urda
IMPACT DEVELOPER & CONTRACTOR SA with headquarters in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 6-7th floor, Ilfov County, Reg Com No. J23/1927/2006, CIF: RO155483,
In accordance with Law no. 297/2004 on Capital Market Regulation, with Regulation no. 1/2006 regarding the issuers and securities operations, BSE Code and with the Financial calendar for 2015, bring to the attention of investors the possibility to consult the Annual Preliminary Financial Statements for year ending 31.12.2014, at the company headquarters located in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 7th floor, Ilfov County, starting on 06.02.2015, Monday to Friday, between 9:00 -16:30 and on the company website.
The Preliminary Financial Statements as at 31.12.2014 are not audited.
For more details you can ask questions about these documents at intrebarifrecvente@impactsa.ro mail address.
S.C. IMPACT DEVELOPER & CONTRACTOR S.A
President of the Board of Directors
Iuliana Mihaela Urda
IMPACT DEVELOPER & CONTRACTOR SA with headquarters in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 6-7th floor, Ilfov County, Reg Com No. J23/1927/2006, CIF: RO155483,
In accordance with Law no. 297/2004 on Capital Market Regulation, with Regulation no. 1/2006 regarding the issuers and securities operations, BSE Code and with the Financial calendar for 2014, bring to the attention of investors the possibility to consult the Quarterly Financial Statements and the Company Report for Q3 2014, at the company headquarters located in the Volunatari City,
Str. Pipera Tunari, no. 4C, Construdava Business Centre, 7th floor, Ilfov County, starting on 14.11.2014, Monday to Friday, between 9:00 -16:30 and on the company website www.impactsa.ro.
The Financial Statements as at 30.09.2014, presented in The Quarterly Report are not audited.
For more details you can ask questions about these documents at intrebarifrecvente@impactsa.ro mail address.
S.C. IMPACT DEVELOPER & CONTRACTOR S.A
President of the Board of Directors
Iuliana Mihaela Urda
IMPACT DEVELOPER & CONTRACTOR SA with headquarter in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 6th floor, Ilfov, Reg Com No. J23/1927/2006, CIF: RO155483,
In accordance with Law no. 297/2004 on Capital Market Regulation, with NSC Regulation no. 1/2006, BSE Code and with the Financial calendar for 2014, bring to the attention of investors the possibility to consult the Half-yearly Report for 2014, at the company headquarter located in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 7th floor, Ilfov County, starting on 14.08.2014, Monday to Friday, between 9.00 - 16.30 and on the company website, the Financial Statements section.
The Financial Statements as at 30.06.2014, presented in The Half-yearly Report are not audited.
For more details please call at tel. 021/230.75.70, or you can ask questions about these documents at intrebarifrecvente@impactsa.ro mail address.
S.C. IMPACT DEVELOPER & CONTRACTOR S.A
President of the Board of Directors
Iuliana Mihaela Urda
IMPACT DEVELOPER & CONTRACTOR SA with headquarter in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 6th floor, Ilfov, Reg Com No. J23/1927/2006, CIF: RO155483,
In accordance with Law no. 297/2004 on Capital Market Regulation, with NSC Regulation no. 1/2006, BSE Code and with the Financial calendar for 2014, bring to the attention of investors the possibility to consult the Report for Q1 2014, at the company headquarter located in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 7th floor, Ilfov County, starting on 31.03.2014, Monday to Friday, between 8.00 -16.30 and on the company website, the Financial Statements section.
The Financial Statements as at 31.03.2014, presented in The Quarterly Report are not audited.
For more details please call at tel. 021/230.75.70, or you can ask questions about these documents at intrebarifrecvente@impactsa.ro mail address.
S.C. IMPACT DEVELOPER & CONTRACTOR S.A
President of the Board of Directors
Iuliana Mihaela Urda
SC IMPACT DEVELOPER & CONTRACTOR SA with headquarter in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 6th floor, Ilfov, Reg Com No. J23/1927/2006, CIF: RO155483,
In accordance with Law no. 297/2004 on Capital Market Regulation, with NSC Regulation no. 1/2006, BSE Code and with the Financial calendar for 2014, bring to the attention of investors the possibility to consult the Annual Report for 2013 Financial Year and also the Financial Statements for the year 2013, approved by the Ordinary General Meeting of Shareholders on 25.04.2014, at the company headquarter located in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 6th floor, Ilfov County, starting on 28.04.2014, Monday to Friday, between 8.00 -16.30 and on the company website, the Financial Statements section.
For more details please call at tel. 021/230.75.70, or you can ask questions about these documents at intrebarifrecvente@impactsa.ro mail address.
S.C. IMPACT DEVELOPER & CONTRACTOR S.A
President of the Board of Directors
Iuliana Mihaela Urda
IMPACT DEVELOPER & CONTRACTOR SA with headquarter located in the Volunatari City, Ilfov County, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 6-7 floor, registered in the Trade Registry from Bucharest Court, with no. J23/1927/2006, Fiscal Cod: RO1553483,
In accordance with Law no. 297/2004 on Capital Market Regulation, with NSC Regulation no. 1/2006, BSE Code and with the financial calendar for 2013, bring to the attention of investors the possibility to consult the Semestrial Report for H1 2013 Financial Year, at the company headquarter located in the Volunatari City, Str. Pipera Tunari, no. 4C, Construdava Business Centre, 6th floor, Ilfov, starting on 14.08.2013, Monday to Friday, between 8:30 -16:30 and on the company website, the Financial Statements section.
The financial statements on 30.06.2013, presented in the Semestrial Report are not audited.
For more details please ask questions about these documents at intrebarifrecvente@impactsa.ro mail address.
S.C. IMPACT DEVELOPER & CONTRACTOR S.A.
President of the Board of Directors
Iuliana Mihaela Urda