News Article Iasi Impact investment land residential Romania
by Property Forum | Residential

Romanian real estate developer Impact Developer & Contractor, 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 residential projects 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. On this land plot, the developer will replicate the Greenfield model, based on its residential compound in Bucharest. The project will be BREEAM-certified and it will include buildings of low height regime, large green areas and services that offer a modern standard of living.

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 centre in a residential compound, that will complete the range of facilities offered to residents. At the Luxuria Residence project, which has a 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.