Impact Developer & Contractor enters the real estate market in Iași

Aurel Constantin 09/10/2020 | 10:55

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, and will benefit from a Kaufland store developed in its immediate vicinity.

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