News Article Bucharest financial report Greenfield Impact Luxuria report residential Romania Tinu Sebeșanu
by Property Forum | Report

Revenues of Impact Developer & Contractor totalled €42.3 million in 2020, up 28% year-on-year, driven by higher residential sales for its Bucharest-based projects. 

The Romanian developer sold 368 apartments (30,864 sqm built), in Greenfield Băneasa complex and the upper-class compound Luxuria Residence located in the Expoziției area. The company also concluded presale and reservation contracts for another 199 housing units worth €24.5 million that will be converted into revenues throughout 2022.

In 2020, Impact kicked off the construction of a new residential complex in Constanța and acquired land for a new housing project in Iași.

”Housing demand still remains high, which creates a favourable context to accelerate our expansion and meet our clients with innovative projects that raise current standards regarding life quality, architecture, design, and environmental protection,” says Tinu Sebeșanu, COO Impact Developer & Contractor.  

The developer is listed on the Bucharest Stock Exchange and had a market capitalization of more than €102 million at the end of 2020.