News Article Bucharest Constanta Constantin Sebeșanu Iasi Impact Developer & Contractor residential Romania
by Property Forum | Residential

Romanian Impact Developer & Contractor said it plans to develop 1.25 million sqm by 2027, respectively over 10,000 homes in the medium - affordable segment, with an estimated market value of €1.4 billion without VAT. 

The estimated deliveries cover the completion of residential units under development and the start of eight new projects, mainly on land owned by the company. 

Impact will finance the pipeline of new homes by selling green bonds, issuing new shares and accessing banks loans. The company’s shareholders recently approved a plan to increase the share capital by over €100 million in the next 12 months. 

“We are ready to take the company to an accelerated development stage,” said Constantin Sebeșanu, CEO of Impact Developer & Contractor. 

Impact will have over 2,707 residential units under development in Bucharest, Constanța and Iași. Its biggest project to date is located in northern Bucharest, with new development stages planned in the next years. 

Shares in Impact were flat at 0.65 lei on Friday afternoon trading on the Bucharest Stock Exchange (BVB).