Impact buys EUR 10.6 mln plot of land for residential project in northern Bucharest

Simona Bazavan 18/07/2017 | 15:52

Real estate company Impact Developer & Contractor has bought a 22,000 sqm plot of land in the Domenii area of Bucharest for EUR 10.6 million (VAT not included), the company has announced. The land will be used for a residential development which will consist of some 600 apartments.

Works on the first development phase will start this autumn and the first 268 units are scheduled for completion in the spring of 2019.

The land is located between the Kiseleff and the Ion Mihalache boulevards in an area of the city “known as the next office pole,” say company representatives. The project will feature nine apartment blocks going as high as 13 floors. The offer will range from studio apartments to three-bedroom units.

Impact Developer & Contractor is a Romanian company set up in 1991. It has since developed 16 residential projects totaling over 4,000 housing units. Its flagship project on the local market is Greenfield in northern Bucharest. The company has been listed on the Bucharest Stock Exchange (BVB) since 1996.

BR Magazine | Latest Issue

Download PDF or read online: December 2022 Issue | Business Review Magazine

The December 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Xclusiverse: Going Beyond the Traditional Ways of Doing Business.”
Simona Bazavan | 19/12/2022 | 18:45

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue