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.