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

Mihai-Alexandru Cristea 20/11/2020 | 14:57

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.

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