Impact Developer & Contractor closed the first 9 months of 2020 with revenues from the homes sales with a total value of 135,349 million lei, increasing by 35% compared to the similar period of 2019. The evolution is due a 23% increase in sales volume, reaching a total of 258 units traded (apartments, plus parking lots and yard lands related to the package).
Of the 258 homes sold during this period, 156 units were contracted in Greenfield Residence Băneasa and 102 units are luxury apartments in Luxuria Residence compound, in the Expoziției area. The apartments sold totaled a built area of 21,877 sqm. The results recorded exceed the record level of revenues registered last year, when the company had the best results in the last 10 years.
In addition to the registered sale-purchase contracts, on September 30, 2020, pre-sale-purchase contracts and reservations were concluded for another 217 apartments in Greenfield and Luxuria, with a value of 120.65 million lei, estimated to turn into revenues in the period Q4 2020 – 2022.
“Impact Developer & Contractor maintains its positive evolution in a period dominated by uncertainty, reporting increasing sales and operating profit within the developed residential projects. The first 9 months of this year also brought a change in the structure of sales, the premium compound Luxuria increasing its contribution to 40%. Greenfield Residence continues to generate a significant share of revenue, of about 60%, and in the near future we expect to record significant sales in Constanța, in the Boreal Plus project, as we move forward with the construction work. In the next period, we estimate the maintenance of a sustained pace of sales, based on the unique mix of facilities, construction standard and price, brought by each of our projects in the market. Moreover, the increase in the value ceiling for the application of the 5% VAT rate will certainly bring a breath of fresh air to the residential market, especially in large cities, stimulating the purchase of more spacious homes, built to high standards, so that it can meet the needs. comfort and quality of life for young families”, said Sorin Apostol, CEO Impact Developer & Contractor.
Impact activity in the first 9 months of 2020 was marked by the development of its main residential projects in Bucharest (Greenfield Residence Băneasa, Luxuria Residence) and the first phase of the Boreal Plus project in Constanța.
Luxuria Residence is a new development concept of Impact, being the first residential project in the country with BREEAM Excellent Certification. The compound proposes a new standard in terms of quality of life and sustainability, due to the energy efficient solutions used, the facilities for residents and the 9,650 sqm allocated to green spaces, including an indoor park of 2,500 sqm.
In the first 9 months of 2020, the construction of 500 apartments was completed, and the next 130 apartments are expected to be delivered in the first half of 2021.
In Greenfield, during the same period, the procedures for obtaining the building permit for the fourth phase, which targets the largest community center dedicated to a residential community, were completed, thus completing the range of facilities available in a developing mini-city. This month, the construction works of Greenfield Plaza were started, the first commercial project of Impact, developed on an area of 21,496 sqm, which will include: a strip mall, an impressive wellness area equipped with gym, SPAs, land tennis court, semi-Olympic pool and indoor and outdoor pool, as well as its own office building.
Also, in the first 9 months of 2020 Impact began the construction of the 18 luxury villas in Boreal Plus complex, which have an estimated delivery time the first half of 2021. Also, the building permit was obtained for the first 2 phases of blocks, which will bring to market 341 apartments, currently being developed the first phase, with 209 apartments. The Boreal Plus project addresses the premium segment of the residential market and offers a western standard of living, through smartly developed buildings and integrated top facilities.
In addition to the development of existing projects, Impact continued its expansion at the national level by acquiring a plot of land in Iași, in the Copou area, with an area of 19,068 square meters. On this land, the developer plans to develop an residential compound based on the Greenfield model, a sustainable project, included in the category of green buildings, with BREEAM certification and which will include low-rise blocks of flats, ample green spaces and services that allow living at modern standards.