IMPACT Developer & Contractor completed the first 209 apartments in Boreal Plus

IMPACT Developer & Contractor, the first real estate developer established in Romania and also the first real estate company listed on the Bucharest Stock Exchange (stock symbol IMP) has completed the first 209 apartments composing Phase I of the Boreal Plus residential compound in Constanta.

The 209 apartments are located in three blocks with P+8E and P+11E height regime and will be handed over to the new owners starting March. At the same time, the developer also completed a 6-level parking building (S+P+4E) that includes 290 parking spaces. The building is equipped with electric car charging stations, two high-capacity elevators, and individual underground storage boxes . Boreal Plus thus becomes the first residential compound in Constanta with a multi-storey parking building, available for purchase by the residents.

“The first phase of Boreal Plus has reached the most beautiful point of the development process, where we are ready to hand over the keys of their homes to the new owners. The apartments in Boreal Plus are defined first of all by the safety and durability of the construction, but also by the comfort they offer inside. With large glazed areas, generous terraces, underfloor heating and a panoramic view of the Black Sea and Lake Siutghiol, the apartments in Boreal Plus are versatile and can be easily customized to meet the demands of different types of customers. We have also prepared for our clients some fully furnished apartments, which can be visited at any time and which can help them feel “at home” from the first viewing.” said Ovidiu Grinici, Sales Director IMPACT Developer & Contractor.

The second development phase of the Boreal Plus compound in the north of Constanta will include 132 apartments, the entire project totaling 673 units with an estimated market value of over 84 million euro. The entire project also includes the construction of a private kindergarten, a park with playgrounds dedicated exclusively to residents, but also several commercial spaces.

IMPACT develops sustainable large-scale residential compounds, getting involved in numerous social responsibility projects, for the benefit of the community. Thus, in December 2022, IMPACT completed the construction of a roundabout in Constanța city, located at the intersection between Tomis Boulevard and Amsterdam Street. The new roundabout improves road traffic both for the residents of the new Boreal Plus residential compound, as well as for those who live in the other neighborhoods located in the north of Constanta and for all those who transit the city towards Ovidiu and A2 highway, streamlining traffic and increasing safety on this section. The total investment in this public infrastructure project amounted to over 450,000 euro, the beneficiary being the National Road Infrastructure Administration Company (CNAIR) through the Constanta Regional Roads and Bridges Directorate.

IMPACT is the company that first introduced the concept of “residential compound” on the Romanian real estate market and the developer of the first private residential compound built in Constanta after 1989.