NEWS

Press Center

Welcome to Impact Developer&Contractor SA Press Center. Here you may find information about our products, services, communication campaigns and activities.

2020
MAR 14

Gheorghe Iaciu – Well balanced business

He invested money, but especially time, and managed to build large businesses. He currently controls the activities in his companies and offers a strategic direction, but the involvement in the operational area is lower, because he wants to maintain a balance between professional and personal life, focusing on his family and his passions. He practices sports and participates in important sports coursel, such as Spartan. Bucharest HalfMarathon and Băneasa Forest Run.

Within the company IMPACT Developer & Contractor, Gheorghe Iaciu is a main shareholder, with a 56.7% stake.

More about how he manages to maintain a balance between some businesses and family life, you can find in the Top Antreprenori - article.

Source: https://www.topantreprenori.ro/en/2020/03/13/doing-well-balanced-business/

2019
NOV 29

S&P assigns 'B-' to Romanian real estate developer Impact, outlook stable

Romanian residential real estate developer Impact Developer & Contractor

BUCHAREST (Romania), November 28 (SeeNews) - S&P Global Ratings said it is assigning Romanian residential real estate developer Impact Developer & Contractor (Impact) a long-term issuer credit rating of 'B-' with stable outlook.

The stable outlook reflects S&P's view that Romania's growing economy and disposable incomes are likely to support good demand for Impact's real estate projects at least for the next 12 months, S&P Global Ratings said in a press release on Wednesday.

S&P also said in the press release:

"Our rating on Impact takes into account the high cyclicality and capital intensity of Romania's real estate development industry and the highly fragmented market. We believe that homebuilding activity in general is highly volatile and vulnerable to a country's economy, mortgage lending availability and terms, and the cost of construction. In 2009-2014 Romania's real estate market suffered a particularly severe recession. Sales at Impact's projects almost came to a halt and home prices sharply declined (by about 40% on average according to Imoniliare.ro). We note that the current sales price has not reached to the peak of pre-recession era (before 2008-09) and Romania's wage growth has been moderate in last few years.

Romania has no regulations on speculative development, but we understand that banks require a certain level of pre-sales while funding project loans to control speculative development to some extent. The risk of this is that supply can more quickly outweigh market demand--unlike in France, for instance, where construction is limited legally by required minimum pre-sales levels.

Impact is a relatively small operation and its EBITDA base is limited. We forecast its 2019 EBITDA at only Romanian leu (RON) 40 million-RON50 million (€8.5 million-€10.5 million). Its high project and geographic concentrations constrain our business risk assessment.

In our view, the company's revenue concentration on two projects, Greenfield and Luxuria, representing more than 90% of total expected revenue for 2019 and 2020, offers limited mitigation against operating challenges despite some recent diversification efforts. The company has launched three other projects, which will start contributing to revenue only in 2021 because of the construction timeline (about two years). On the other hand, the lack of project diversity is partially mitigated by the different phases of Greenfield's commercialization process, given that its construction is spread over several independent stages.

Impact's pre-sale transactions have gained momentum recently, with pre-sales representing more than 45% of total sales in the last 24 months. In our opinion, Impact will continue to strengthen its pre-sales through its good brand name from existing projects. As of Sept. 30, 2019, the company has a sizable, well-located, low-cost land bank, which is sufficient for at least six to eight years of development. We also see some degree of product and customer diversity as the Greenfield project consists of midprice dwellings targeting higher-middle-class Romanians, while the high-end Luxuira project targets upper class families and a few professional investors.

On the financial side, Impact's debt should remain high in 2020, in our view, given high working capital requirements related to property development and project constructions at RON280 million-RON300 million (€60 million-€64 million). This should result in adjusted debt to EBITDA of 5.0x-5.5x over the next 12 months.

We believe increasing deliveries of the Greenfield and Luxuria projects will support Impact's interest-servicing capacity, such that the company's EBITDA interest coverage should exceed 3.5x over the next two years.

We see inventory as temporarily high relative to sales, and revenue is only recognized at the project's completion. This puts pressure on Impact's free cash flow generation. We note, however, that almost half of Impact's inventory consists of land plots under construction and the company will start delivering dwellings from the fourth quarter of this year.

The rating incorporates a one-notch downward adjustment for our comparable rating analysis. This reflects the company's relative positioning within its business risk category. In particular, there is some volatility in the cash flow base, linked to often-unpredictable quarter-on-quarter fluctuations in demand in Impact's main markets. We also view the company's absolute EBITDA base as small; we forecast 2019 EBITDA at about RON40 million-RON50 million (€8.5 million-€10.5 million). We think this provides only a limited cushion to absorb the impact of any unexpected events, such as a temporary spike in working capital.

The stable outlook reflects our expectation that Romanian's growing economy and disposable income will support good demand for Impact's real estate development projects. This should result in a progressive increase in revenue and the absolute EBITDA base. Furthermore, we expect Impact's current pre-sales rate will support revenue and translate into EBITDA interest coverage remaining above 3x, and debt to EBITDA remain above 5x at least for next 12-24 months.

We may lower the rating if Impact's liquidity cushion materially deteriorates from the current level. We would also take a negative rating action if Impact's debt-funded expansion becomes larger than we currently expect or if its apartment sales in the next two years are substantially below our expectations, translating into EBITDA interest coverage lower than 2x.

We could take a positive rating action most likely as a result of a significantly larger and more stable EBITDA base. Alternatively, we may raise the rating if the company runs its business with a more disciplined financial policy, such that debt to EBITDA is well below 4x on a sustainable basis.

Founded in 1991, Impact Developer & Contractor is one of the oldest established residential real estate developers in Bucharest. Since its founding, Impact has completed 17 small and midsize projects, comprising over 3,500 residences and over 13,000 square meters of office and trade premises. On Dec. 31, 2018, Impact has ongoing residential developments in four Romanian cities; the main project is Greenfield Residence Baneasa, located in Bucharest.

The company is listed on the Bucharest Stock Exchange since 1996 and as of November 2019 has a market capitalization of RON367 million. The biggest shareholder is Mr. Gheorghe Iaciu, with an approximately 56.75% shareholding as of Sept. 30, 2019, followed by Adrian Andrici with 15.43%, and Swiss Capital and affiliates with about 12%."

(1 euro=4.7792 lei)

 

Source: https://seenews.com/news/sp-assigns-b-to-romanian-real-estate-developer-impact-outlook-stable-678112

2017
JUL 31

Romanian developer Impact gets EUR 7 mln loan for residential complex

Local developer Impact Developer & Contractor has contracted a loan of RON 32.73 million (EUR 7.1 million) from Piraeus Bank to finance the construction of a residential complex in the Greenfield neighborhood, in Northern Bucharest. The loan matures in three years.

The company has recently issued bonds of RON 11.81 million (EUR 2.6 million), acquired by the Polish fund Credit Value Investments. Titles are due in 4 and a half years, although they may be redeemed earlier under certain conditions.

Romanian investor Gheorghe Iaciu controls Impact, with a stake of 49.48%. The company is listed on the Bucharest Stock Exchange, with a market capitalization of around EUR 51 million.

Last year, the developer recorded total revenues of RON 194.5 million (EUR 42.7 million) and a net profit of RON 29.6 million (EUR 6.5 million).

2016
OCT 21

Survey: Demand highest for properties located in north, centre of Bucharest

The most sought-after properties in Bucharest are located in the north and central area of the capital, a survey by real estate developer Impact Developer & Contractor shows. The survey was conducted on the sidelines of the National Real Estate Fair (September 30 – October 2).

According to the study, 25 percent of respondents chose the northern area of the city, due to the vicinity of Baneasa forest, the Pipera – Aviatiei office area as well as the proximity of well-rated schools and high schools. The central area ranks second among the preferences of respondents, with 22 percent opting for it due to location and availability of means of public transport, followed by the south (15 percent), western (15 percent) and eastern areas (14 percent). Most respondents (80 percent) said they were planning to change homes in less than a year.

Most potential buyers (43 percent) opted for a two bedrooom flat, while less than one third (24 percent) chose a three bedroom flat. A total of 23 percent expressed a preference for houses and four bedroom apartments.

According to the study, quality is a very important factor when it comes to the decision to purchase a property. More than half of prospective buyers said they would pay over EUR 65,000 for a two bedroom flat, while for a three bedroom flat in the same area 57 percent would pay a budget of over EUR 850,000. As regards four bedroom flats, a third of respondents would pay more than EUR 100,000.

„The northern area of the capital is a very sought-after residential area, as it is very appealing due to real estate developments and of facilities,” Impact CEO Bartosz Pudrowski said.

Following an EUR 44 investment, Impact Developer & Contractor developed the Greenfield real estate project, the largest in Bucharest’s Sector 1.

2016
OCT 13

Impact Developer & Contractor awarded at the Smart City Industry Gala!

The month of October has brought a new prestigious award to Impact Developer & Contractor - " The best residential complex project that uses sustainable architecture and design".

This award was granted for significant contributions to the sustainable development of the city and the unconditional support for the Smart City industry.

Smart City Industry Awards is an interactive event – a showcase for presenting the latest technologies and solutions for the real development of the city. 

This year the Smart City Industry Awards Gala was held for the first time in Romania, and the event was attended by many officials of the major cities in the country, representatives of the Chamber of Commerce and Industry of Romania, representatives of the major companies operating in the field as well as by many Romanian academics representatives.

This prestigious award comes as a crowning for Impact Developer and Contractor’s work of over a quarter of century, as the company has recently celebrated the first 25 years of activity.

2016
AUG 25

Impact Developer & Contractor has a new CEO

Bartosz Puzdrowski will be the new CEO of Impact Developer & Contractor starting with September 1. The Polish executive has been assigned a three year term by the Romanian developer’s board, the company has announced.

The new CEO is an experienced real estate manager with over 20 years in the field, according to company data. Puzdrowski has previously held executive and senior management positions in leading companies on the residential, office and retail real estate market. These positions included board member at ICON Real Estate in Poland and Finland (responsible for office and residential development and refurbishment projects in Warsaw and Helsinki), managing director for the real estate development segment in Marvipol Group (a residential developer in Poland, listed on the Warsaw Stock Exchange) and CEO at Polnord SA (a residential developer in Poland, listed on the Warsaw Stock Exchange).

Puzdrowski has also served as country manager for Poland and the Baltics at Avestus Real Estate (a commercial real estate developer in CEE region), as well as the director of the development department at ECE Projektmanagement Polska (a developer and investor of shopping centers in Europe) and regional development manager at McDonald’s Polska. He graduated from the University of Warsaw, the Faculty of Philosophy & Sociology and Management, as well as from Warsaw – Illinois Executive MBA, where he majored in Business Administration and Commerce.

Impact Developer & Contractor SA was founded in 1991 by public subscription and in 1996 it was listed on the Bucharest Stock Exchange. Over the years the company has delivered 16 residential compounds, over 330,000 built sqm consisting of over 3,500 housing units. The company has recently announced a new development phase of its Greenfield project in northern Bucharest.

2014
NOV 07

Romanian company Impact Developer & Contractor will deliver this December three apartment blocks part of the Greenfield housing project in Baneasa and another six will be completed in February

The nine apartment blocks comprise of 252 apartments and will require a total investment of EUR 14 million. The apartments are one-, two- and three-bedroom units with surfaces of between 65 sqm and 120 sqm which the developer estimates will be sold out by my mid-2015. Next year Impact also plans to begin works on another nine apartment blocks part of the same project. The entire Greenfield project is built on a 60 ha plot of land in Baneasa, near Bucharest.

Impact Developer & Contractor’s main shareholder is local businessmanGheorghe Iaciu who owns the Doraly shopping center. He became shareholder last year when the company’s founders – Dan Ioan Popp and Carmen Sandulescu – had to sell their shares following foreclosure on an outstanding loan, according to Mediafax.

2010
NOV 22

Impact Developer & Contractor Offers Products Adapted to the Current Purchasing Power

Impact Developer & Contractor SA (Impact SA) focuses to diversify its activity getting closer to the small investors and addressing to the basis level of the incomes pyramid.


The company that introduced the "residential compound" concept in Romania and initiated, from year to year, new living solutions which answer to a wide range of clients needs, is offering now products tailored to the small investors needs - companies and individuals.

The possibility to invest in small land plots

Starting with May 2010, Impact divided some of the land plots from its portfolio in smaller land plots, suitable for the construction of the houses and the development of small businesses (restaurants, schools, kindergarten, grocery stores, and gas stations). As a matter of fact, in the first nine months of the year there were signed presales contracts in amount of 850.000 lei.

Office spaces for family businesses

Impact SA is involved in an innovative and entrepreneurial project addressed to the small entrepreneurs - a Business Support Center to be developed in Bucharest. This Business Center represents a new concept on the Romanian market, the tenants (small entrepreneurs and business families) having access not only to the office spaces, but also to a service support package which aims to facilitate their business development: the access to the meeting rooms, to the conference room, to the reception desk area and to the collection and distribution mailing center, broadband network, or to the self-banking services. The project will be developed with the European support, throughout the accession of the EU funds.

Smaller dwellings

Impact SA redesigned the apartments from its portfolio. If in 2009 the average area of the apartments sold in Bucharest was of 85 sqm, this year Impact was aware of the decrease of the consumers incomes and of the clients demand for apartments with areas of 34 - 56 - 67 - 78 mp, after the West-European concept, and reduced the average area of the sold apartments to 80 sqm, and of the apartments from the portfolio to 75 sqm.

In addition to this, in order to answer to the market needs, Impact prepares and offers to various partners the possibility to make attractive and diversified investments. In this period, the company's specialists develop a sustained activity of offerings, on the domestic market and on the foreign market as well.

The monthly sales three times higher than the market's average
Impact SA is over the market average with respect to the monthly dwellings sold, even if the company's sales decreased in the first nine months of 2010 compared with the same period of last year, mainly due to the financial crisis. So, if in the "Mid Year Report" of the Colliers International indicates a monthly average sale of 2.16 residential units per residential development (37 residential developments from Bucharest were analyzed for the report), Impact signed a monthly average of 7 contracts/month in the first nine months of the year.

We have to underline the fact that in the first nine months of 2010 Impact reduced by 52.91% the operational expenses compared with the same period of last year, due to the company's activity reorganization in order to increase the company's efficiency. For the 3Q 2010 Impact also doubled the liquidity ratio, mainly due to the 12.8 mil eur loan that was rescheduled, and due to the fact that Impact owes an assets portfolio liquid enough in order to assure the payment of the current liabilities.
In the same time, the company made payments in amount of 3.86 million eur in the first nine months of 2010. More over, the net cash from the operational activity is of 2 million lei, according to the cash-flow from the end of September 2010.

The resume of trading of Impact shares

Starting with 23rd of November will resume trading of the Impact's shares (IMP). Impact's shares were suspended in July, as a result of the Bucharest Court decision admitted the opening of the insolvency procedure demanded by a company from Ploiesti. In 11 of August, the Bucharest Court of Appeal temporary suspended the decision, through the irrevocably decision, the final decision to be taken in the same time with the appeal. Even if the company's shares were suspended from trading, the company continued its activity in normal basis, the nine months financial result being a proof in regards to this. Impact SA profit for the third quarter was above 700.000 lei.

ABOUT IMPACT DEVELOPER & CONTRACTOR SA
Impact Developer & Contractor SA, founded in 1991 through public subscription, is traded at Bucharest Stock Exchange. The company introduced the concept of the "residential compound" in Romania, developed in 5 locations, 16 residential projects for more then 2,100 families that are living in apartments and houses. The portfolio is completed with 25,000 sqm of offices and commercial spaces, and the services for the compound administration.

2020
MAR 02

Results in 2019: 156.6 million lei from sale contracts and 161 million lei from pre-sale contracts

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.

2019
NOV 14

The results consolidated after 9 months period confirm the sustained growth of sales and profitability

• 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.
2016
NOV 11

IMPACT Developer & Contractor SA: incomes of over RON 123 million at Q3 2016 and an increase of 273% in the net profit

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.

2016
AUG 24

Impact appoints Bartosz Puzdrowski as new CEO

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.

2016
AUG 18

Impact is investing over 44 million euros in expanding GREENFIELD neighborhood located in north of the capital

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.

2016
JUL 11

Over 300 apartments contracted in the first 6 months

Over 300 apartments contracted in the first 6 months, the best result from 2008 until now

 

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.

2015
FEB 12

Press release – Availability of Preliminary Financial Statements as at 31.12.2015

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

2015
FEB 12

Press release – Availability of the Report for Q3 2015

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

2015
FEB 12

Press release – Availability of the Report for H1 2015

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

2015
FEB 12

Press release – Availability of the Report for Q1 2015

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

2014
FEB 12

Press release – Availability of the Annual Report for 2014 Financial Year

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

2014
FEB 12

Press release – Availability of the Preliminary Financial Statements as at 31.12.2014

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

2014
FEB 12

Press release – Availability of the Report for Q3 2014

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

2014
FEB 12

Press release – Availability of the Report for H1 2014

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

2014
FEB 12

Press release – Availability of the Report for Q1 2014

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

2013
FEB 12

Press release – Availability of the Annual Report for 2013 Financial Year

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

2013
FEB 12

Press release – Availability of Financial Report S1 2013

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

2020
FEB 10

Stire interna impactsa

test 

READ MORE

STAY CONNECTED

Leave us your email address and find out Impact news!

We assure you that we do not use your personal data for any other purpose than the one mentioned in the Data Protection Policy, and by checking this, you accept the terms.