News Article Bucharest BVB Impact Developer & Contractor residential Romania
by Property Forum | Residential

Romania's Impact Developer & Contractor says its revenue amounted to €22.29 million in the first nine months, while the profit stood at €7.3 million. 

At the same time, the volume of pre-sold and reserved housing units totaled €40.9 million, according to a statement submitted to the Bucharest Stock Exchange (BVB). 

The company held building permits for 1,623 new housing units and it is in the process of receiving building permits for another 2,655 housing units at the end of September. 

Impact has a land bank of around 73.5 hectares in Bucharest and regional cities and has six ongoing residential developments. The projects total about 12,404 apartments, which have an approximate market value of €1.8 billion, of which €906 million are estimated in the period 2022-2027. 

Shares in Impact were down 3.68% to 0.65 lei on Monday morning trading on the BVB.