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

2021
FEB 09

Impact Developer & Contractor signed two mortgage loan agreements for properties, respectively for VAT financing, concluded with First Bank S.A, the company announced on the Bucharest Stock Exchange.

Impact Developer & Contractor signed two mortgage loan agreements for new properties, respectively for VAT financing, concluded with First Bank S.A, the company announced on the Bucharest Stock Exchange.

Source: https://www.property-forum.eu/news/impact-secures-7-million-financing-for-bucharest-projects/7638

2021
FEB 03

Impact prepares its new premium neighbourhood project with 800 apartments in Iasi

Impact Developer & Contractor continues its national expansion, preparing a project with 800 premium apartments in Copou neighbourhood, in Iași.

Source: http://cijeurope.com/en/impact-prepares-its-new-premium-neighbourhood-project-with-800-apartments-in-iasi/post.html

2020
DEC 12

Romanian real estate group launches real estate investment trust

Impact Developer & Contractor (IMP) announced a real estate investment trust. This private placement has the objective to raise at least EUR 2 million with a special purpose vehicle that invests in apartments and parking lots.

Source: https://www.romania-insider.com/impact-developer-real-estate-investment-trust

2020
DEC 11

Impact Developer&Contractor Entirely Sells First Three Phases Of Greenfield Baneasa Residential Compound

Real estate developer Impact Developer & Contractor (IMP) announced the sold out of the stock of apartments until the end of the year. The units are built within the first three development phases of the Greenfield Baneasa compound in capital Bucharest. Impact will continue expansion works on the project, with a new concept: The New Greenfield.

Source: http://www.zfenglish.com/companies/real-estate/impact-developer-contractor-entirely-sells-first-three-phases-of-19776485

2020
DEC 10

Impact Bucuresti Executive Board Approves Document For Presentation Of Corporate Bond Issue

The Board of Directors of Impact Developer&Contractor (IMP) has approved the document for the presentation of the issue of corporate bonds, registered, dematerialized, non-convertible and unsecured, with maturity in 2026, issued by the company.

Source: http://www.zfenglish.com/capital-market/impact-bucuresti-executive-board-approves-document-for-presentation-19776438

2020
NOV 18

Romanian real estate developer Impact plans to draw EUR 6-15 mln through bond issue

Impact Developer & Contractor announced the launching of bond offer (in euro) on the Bucharest Stock Exchange (BVB). The target of the company is to draw between EUR 6 million and EUR 15 million from investors.

The offer will be addressed to qualified investors and a limited number of natural and legal persons (under 150). The bonds will have a nominal value of EUR 500, a 6-year maturity, and will pay a yearly coupon of 5.9% to 6.4%. The exact coupon will be determined based on the subscription orders received from investors.

Source: https://www.romania-insider.com/impact-real-estate-bonds

2020
NOV 12

Impact Developer & Contractor invests in two Bucharest projects

Impact Developer & Contractor continues the construction works of the fourth phase of the Greenfield Băneasa. This includes the first commercial project of Impact, Greenfield Plaza, that has 7,258 sqm of space for trade and services and 1,184 sqm of office space.

The total value of the project is €12 million. Another investment of Impact is an amount of €500,000, investment in the green areas of Luxuria Residence compound, located in Expoziției area, in Bucharest.

source: https://www.property-forum.eu/news/impact-developer-contractor-invests-in-two-bucharest-projects/6974

2020
NOV 06

Impact Developer & Contractor begins construction on Bucharest Greenfield Plaza

Impact Developer & Contractor has started a new project in the fourth phase of development in Greenfield Baneasa, its biggest residential compound, located in Bucharest, Romania. Greenfield Plaza is a commercial project, comprising 7,258m² of commercial retail space and 1,184m² of office space. The total value of the project is €12m.

 

Source: http://europe-re.com/impact-developer-contractor-begins-construction-on-bucharest-greenfield-plaza-ro/68467

2020
OCT 26

Impact Developer & Contractor breaks ground on Boreal Plus in Constanta

IMPACT Developer & Contractor started the works in Boreal PLUS, in northern Constanța. Three housing blocks totalling 209 apartments are by Premium Invest Concept, the construction contractor that won the auction.

 

Source: http://cijeurope.com/en/impact-developer-contractor-breaks-ground-on-boreal-plus-in-constanta/post.html

2020
SEP 02

The new efficiency standard in Real Estate: BREEAM Excellent Certification for Luxuria Domenii Residence Project

29 Years on the real estate market demonstrate the power to adapt to the globalization context and the continuous improvement of the business. Impact Developer & Contract is a joint stock company which aligns to international business and corporate social responsibility standards.

For Impact, sustainability is a priority in project development and the flagship projects are real proofs. Taking care of the 3 P’s of sustainability that have a strong impact over the business is a regular practice, since the planet, the people and the profit are essential assets for Impact.

According to Build Green, the leader of the local consulting market in the field of design, development and certification of sustainable constructions, at this moment, in Bucharest, only one residential project ticks the BREEAM criteria, with the Excellent rating: Luxuria Domenii Residence.

Designed to fit the energy class A and green buildings category, Luxuria is the first premium project of the developer Impact and also the first up-scale residential development that received this certification.

 

Source: https://business-review.eu/property/residential-property/the-new-efficiency-standard-in-real-estate-breeam-excellent-certification-for-luxuria-domenii-residence-project-212626

2020
JUL 02

BuildGreen report about sustenable certifications

Over 12,000 dwellings from new residential projects in Romania have been certified as been ‘green’, according to an analysis conducted by BuildGreen, the leading consultant in the field of sustainable building design, development and certification in Romania.

Overall, approximately 60 local residential projects were certified as being ‘green’. Most of them, 44, obtained the ”Green Homes” certification after the scheme developed by the Romanian Green Building Council (RoGBC), totalling over 10,000 homes. Another approximately 15 projects obtained or are in the process of obtaining a ‘green’ certification after the British scheme BREEAM, their numbers being also on the rise recently.

”More and more residential projects from Romania are being designed and built according to sustainable development principles and we expect these numbers to grow in the future. Implementing a sustainable certification translates into significant energy consumptions, which makes these projects more attractive. All new office projects from Romania are being designed and developed according to the principles of sustainability included in the various ‘green certifications’ schemes and in the future we will see their expansion in the residential and public segments”, stated Razvan Nica, managing director of BuildGreen.

Dwellings included in a residential project designed and constructed according to sustainable principles, especially for those that adopt the energy criteria included in the international certification schemes, have reduced energy consumption by approximately 25% – 50%, depending on the level of performance achieved and implicitly by the investments related to their implementation. These savings are obtained regarding housing heating and cooling costs, due to high-performance construction materials and techniques, and in terms of energy consumption.

Overall, these energy savings obtained in a residential projects developed according to sustainable principles translate into approximately 10% of the purchasing cost of a new apartment, during the payment of a mortgage loan.

”The local residential market went in recent years through an intense developing stage, especially on specific segments, and buyers became much more educated. We hope that in the following period and n the coming years  we will have more and more buyers who will ask for information regarding the energy performances of the buildings and about the existence of a ‘green certification’ for the projects”, added Razvan Nica.

Among the projects BREEAM certified are Luxuria Domenii Residence from Bucharest and Vox Vertical Village from Timisoara. Most of the residential projects certified as ‘green’ are in Bucharest, followed by those from Cluj – Napoca, Timisoara, Brasov and Iasi.

 

Source: https://www.thediplomat.ro/2020/07/01/over-12000-new-homes-from-romania-sustainable-certified-buildgreen-says/

2020
MAY 07

Luxuria Domenii Residence completes phase one of development

The construction works of the first phase, called A2, started in March 2018 and were recently completed, with the reception made together with the state institutions and the tabulation of the buildings, and the apartments will be handed over starting with May 15, 2020.

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.

Source: https://europa.moneybuzz.ro/luxuria-domenii-residence-completes-phase-one-of-development/

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.

2021
MAY 27

IMPACT is advancing construction works on Boreal Plus project

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".

2021
MAY 14

Revenues up 71% for IMPACT in the first quarter of 2021

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.

 

2021
MAY 13

Impact is developing one of the largest residential compounds in Moldova

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.

2021
APR 28

Constantin Sebeșanu is appointed CEO of Impact Developer & Contractor SA

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.

2021
APR 23

Impact's balance sheet for 2020, approved by GMS: revenues increased by 28% due to sales in Greenfield Băneasa and Luxuria Residence projects

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.

2021
MAR 31

Impact Developer & Contractor appoints Constantin Sebeșanu as Executive Director

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.  

2021
FEB 24

Impact Developer & Contractor opens its first office in Iași

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.   

2021
FEB 19

Impact announces record revenues of 42,7 million EUR for 2020

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.

 

2021
FEB 01

Impact Developer & Contractor appoints Constantin Sebeșanu as Development Director

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.

 

 

2021
JAN 15

IMPACT Developer & Contractor obtained the urbanism certificate for the construction of a kindergarten in Boreal Plus complex, in Constanța

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.

2020
DEC 30

Impact Developer & Contractor starts construction work on the first 406 apartments in Greenfield Teilor Băneasa

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.

2020
DEC 22

Impact Developer & Contractor successfully completes, in advance, the private placement of corporate bonds brokered by TradeVille

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.

2020
DEC 15

International Property Awards offers 3 Prizes to Impact Developer & Contractor Company

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.

2020
DEC 14

Luxuria Residence delivers the second development phase with 268 apartments

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.

2020
DEC 10

IMPACT Developer & Contractor announces that GREENFIELD BĂNEASA is sold out, by year end

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%

2020
NOV 25

Impact Developer & Contractor ranks first in the "Top Companies in Bucharest", organized by the Chamber of Commerce and Industry of Romania

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.

2020
NOV 20

Luxuria Residence compound received ‘Best Upscale Project’ award offered by THE TIMES - Investing in Property

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.

2020
NOV 17

Impact maintains its double digit growth: 35% increase in sales revenue in the first 9 months of the year

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.

2020
NOV 11

Impact Developer & Contractor invests 500,000 euros in the green spaces of Luxuria Residence

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:

  • reduced maintenance costs by up to 13%; reduced energy consumption by up to 50%;
  • reduction of up to 39% in carbon emissions and water consumption;
  • up to 70% less waste.

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.

2020
NOV 06

Impact Developer & Contractor started the construction of Greenfield Plaza, the largest community center in a residential complex

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.

2020
OCT 09

Impact Developer & Contractor continues its national expansion and enters the real estate market in Iași

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.

2020
OCT 02

Luxuria Residence held the reception for the second development phase with 268 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. 

 

 

2020
SEP 04

Impact Developer & Contractor received the building permit for 5 blocks of flats in Boreal Plus project in Constanța

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.

2020
AUG 21

Impact Developer & Contractor: 60% of apartments contracted from the existing stock in the first half of 2020

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.   

2020
AUG 17

Impact Developer & Contractor started paying dividends amounting to 10.7 million lei

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.

2020
JUL 16

Impact Developer & Contractor received the approval to donate land for school and kindergarten in Greenfield

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.

2020
MAY 29

The biggest real estate developer listed on Bucharest Stock Exchange gets involved in education

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.

2020
MAY 15

Impact Developer & Contractor sold 94% of Greenfield and 62% of Luxuria Phase 1 project

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.

 

2020
MAY 06

Luxuria Domenii Residence completes phase one of development, being the first ensemble to deliver premium housing in Exhibition area, in 2020

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 construction works of the first phase, called A2, started in March 2018 and were recently completed, with the reception made together with the state institutions and the tabulation of the buildings, and the apartments will be handed over starting with May 15, 2020.

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.

2020
APR 29

A new large-scale residential project, developed by Impact, in Constanța

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.

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

2019
OCT 25

"Clean & Run", the largest plogging campaign in Romania, will take place this fall in Băneasa Forest

Bucharest, 25.10.2019: On October 5, 2019, members of the Greenfield Residence community together with Băneasa Forest Run organize in Băneasa Forest, the first edition of “Clean & Run”, the largest plogging initiative in Romania. 

What is plogging and who is it for? 

The concept of plogging appeared in Sweden in 2016, and involves combining running with waste collection, as a proof of responsibility towards the environment. In the context of international concern for plastic waste, plogging has quickly become popular around the world, being suitable for people of all ages, passionate about jogging and maintaining a clean environment. Runners take bags or garbage bags with them and, on the chosen route, collect the found garbage. At the same time, they can opt for new routes on which to run and collect the waste thrown in public spaces. Plogging therefore combines physical activity with social activity, bringing benefits to both practitioners and the environment. 

 "Plogging or ecological jogging is a phenomenon that is becoming more widespread worldwide and we want to make it known and sympathized among Romanians, because it unites two values ​​that we actively promote: movement and environmental protection . It is an alternative to classic jogging, which offers practitioners the opportunity, on the one hand, to enjoy the benefits of outdoor sports, and on the other hand to act in a civic spirit, for the benefit of nature and the community. Moreover, parents who come with children can provide them with a model for their education as healthy adults, with respect and care for the environment in which they live. The action we are organizing this fall is an invitation addressed to all responsible citizens in terms of nature and, implicitly, a healthy life ", said Răzvan Ionescu, Marketing Director at Impact Developer & Contractor, Greenfield’s Residence developer. 

How will the event take place? 

Even if it will be done in running, the race is a non-competitive one and it is aimed at people of all ages, adults and children, joggers or beginners. The organizers will provide participants with a kit that will include all necessary materials: plastic bags and protective gloves. Registrations should be made until October 3, 2019 on the event page: cleanandrun.ro. The participants, organized in 4 teams, will have a route of 5-7 km and they will cover together over 20 kilometers of alleys and paths in the forest, in about 2 hours. The collected waste will be taken over by the sanitation company Romprest, supporter of the event. 

The event is supported by Let’s Do It, Romania!, Radio ZU, Romprest and Romsilva. 

The situation of waste in Romania and the impact on the environment 

Romania annually produces 270 million tons of municipal waste, of which only 13% is recycled. According to the targets set by the European Waste Framework Directive, by 2020 we should recycle 50% of municipal waste (including at least paper, metal, plastic and glass). Garbage dumped in nature pollutes the environment because it is very difficult to degrade. A plastic bag decomposes in 10 to 20 years, aluminum cans degrade in 200 years, while plastic containers last up to 500 years. During all this time, their chemicals contaminate the soil, affecting the quality of the flora, fauna and the overall health of the population. Plogging is an initiative that encourages a healthy lifestyle and maintains a clean environment, the garbage collected being subsequently recycled. 

The impact of plogging on the health of the body 

Plogging has a visible impact not only on the environment, but also on the physical and mental health of practitioners. Practicing any type of sports contributes to a healthy lifestyle, helping the body to function properly and relieves stress. During the activity, the body performs various and more complex movements compared to the classic running, by performing geno flexions, squats and stretches. Thus, while in 30 minutes of jogging the body burns about 270 calories, during a plogging run of the same duration about 330 calories are consumed. 

All those who feel responsible for nature and want to show that the change comes from the initiative of every citizen, are invited to register for the plogging race on October 5, 2019, on the website: www.cleanandrun.ro. 

 

 

2019
JUN 26

Quantix study in Bucharest - Ilfov: The number of people running increased by 130% compared to 2014

Bucharest, 26.06.2019: Bucharest residents are becoming increasingly aware of the contribution of practicing a sport in maintaining health and they are starting to invest an important part of their free time in physical activities. Two of the most common practiced sports by urban dwellers are jogging and cycling, both of which have important benefits for the body. 

According to a study conducted by Quantix Marketing Consulting on sports trends of the inhabitants of the Bucharest - Ilfov area, 49.3% of people went jogging in the last 12 months, an increase of 130% compared to 2014, and a percentage of 31.8% of respondents practiced cycling. Thus, running and cycling are among the top sport activities preferred by the population of this region, followed by fitness & bodybuilding exercises, swimming and football. In addition, there is a growing interest in participating in running competitions, 35.6% of respondents being participants in 2019 compared to 15.6% 5 years ago, which explains the growing number of competitive or non-competitive sporting events which have been organized lately. The study was conducted earlier this year, on the age segment 18-70, in the Bucharest-Ilfov area. 

Greenfield Duo Challenge is the newest sports event with a route in Băneasa Forest, which combines the two activities (jogging & cycling) in a duathlon competition. Organized by Road Grand Tour and Băneasa Race, Greenfield Duo Challenge invites competitors to the starting line on June 30. 

„Greenfield Duo Challenge is a new type of event in the sports race calendar organized in Băneasa Forest. We try to be creative, to design sporting events as attractive as possible in order to attract as many participants as possible. In addition, we aim to encourage a lifestyle in which practicing a sport is indispensable, regardless of age. The latest studies we conducted in the Greenfield neighborhood, in the immediate vecinity of the forest, show that 62.7% of the residents of the neighborhood walk through the forest regularly, 54.4% practice some form of running, and 34.2% ride their bikes off-road, on forest paths", said Răzvan Ionescu, Marketing Director of Impact, the supporter of the competition. The Greenfield Duo Challenge route will be suitable for all participants, both running and cycling, and registration can be done individually, or together. The race starts with 8 km of running on the forest alleys (easy off-road route) and continues with the bike route that amounts to about 20 km, most of which consists of a single trail.

2019
MAR 25

Top 4 reasons why it is good to take children running outdoors

Bucharest, March 25, 2019: Over 300 parents and children gathered on Sunday at the start of Greenfield Family Run in Băneasa Forest, the first trial run race of this year dedicated to families, part of the Băneasa Forest Run competition. The 3 km route of Greenfield Family Run was specially designed for families, the organizers putting emphasis on movement, and not on competitiveness. Before the start of the race those interested could learn how to increase their endurance, through special training. The large number of registered runners (adults and children) shows that there is an increased interest shown by Bucharest residents to practice sport activities in the family, during the weekend. 

Răzvan Ionescu, the initiator of the Greenfield Family Run project, pointed out the benefits of running in the family, especially for the little ones: 

1. Contributes to harmonious physical development 

Sport has an important contribution to children's physical development. The little ones are in a growth process, and running helps them strengthen their muscles and body bones. According to specialists, the recommended age for starting practicing most sports is the age of 6, and for the most difficult trainings, the age of 11. The Greenfield Family Run was designed as a non-competitive route, where children and parents are encouraged to move outdoors. The easy road, paved alleys and paths, the fresh air in the forest made this race a suitable option for fun, and the effort during the run was not perceived as intense. It is very important to introduce outdoor exercise and sports in general into the lives of children, as pleasant experiences, in the form of play, to create the foundation of a healthy lifestyle. Non-competitive events such as Greenfield Family Run are the perfect opportunity to bring children into the atmosphere of running communities and outdoor events in a pleasant, relaxed and free from unnecessary pressure. 

2. It increases immunity and resistance to disease 

When it comes to our loved ones, their health comes first. We can easily help children keep their bodies resistant to disease by encouraging them to exercise regularly. One of the simplest and most accessible sport activities is going for a jog outdoors. The little ones will not have to learn the rules of the game, nor will they need expensive equipment. Through running, children strengthen their immune system and metabolism, which helps prevent diseases, and thus, they will cope with every season. Moreover, running also makes an important contribution to the proper functioning of the lungs, regulates breathing and improves the cardiovascular system, through the optimal circulation of oxygen in the body. 

3. Reduces the risk of obesity 

Exercising plays a key role in keeping weight within normal limits for each age stage, as fats, calories and toxins are eliminated through sport. For children, the risk of obesity is alarming. The latest COSI data from 2018 shows that 1 in 4 children aged 8 has weight problems and 1 in 10 suffers from obesity. Exercising, along with a healthy diet are the only ways in which children can reach a healthy weight. In addition to obesity, type II diabetes is another condition that can be prevented through practicing sports. 

4. Provide a lifestyle model 

Sedentary lifestyle is the main factor responsible for the increase in obesity, and more and more children prefer spending hours in front of the TV, computer and tablet, rather than exercising or practicing a sport. However, a sports partner, a friend for jogging or a cycling partner would play a motivational role in the life of the little one. Use your role as a parent and teach them to play sports. Children need to discover your example in all areas, and outdoors sports and exercising are no exception. 

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