Tag: impact developer

  • Five new blocks of flats in Boreal Plus project in Constanța

    Five new blocks of flats in Boreal Plus project in Constanța

    Impact Developer & Contractor announces the obtaining of the building permit for 341 apartments, 450 sqm of commercial spaces and 427 parking spaces in Boreal Plus residential compound in Constanța.

    Boreal Plus residential compound includes a total of 691 homes, of which 673 apartments, in 9 blocks, and 18 luxury villas.

    The 5 blocks, with a height regime of GF +8F+Technical floor and GF+11F+technical floor, will include 341 studio apartments, with 2 and 3 rooms, with an estimated delivery time in the first part of 2022.

    Boreal Plus passes into the second phase of development of the project, after in the first part of the year, the begining of the construction works of the 18 villas in the project began, representing the first phase of development.

    Boreal Plus will be built in four stages, on a plot of 64.440 square meters. The neighborhood is located near DN2A, only 15 minutes away from the center of Constanta, but also from the A4 motorway.

    The complex will also have 826 parking spaces, of which 289 will be arranged in a multi-storey car park, with a height of Ug + Gf + 4F.

  • Impact submitted a donation offer for a school and a kindergarten

    Impact submitted a donation offer for a school and a kindergarten

    Impact Developer & Contractor submitted to the Municipality of Bucharest the donation offer of 9,620 sqm for the construction of a school and a public kindergarten.

    It is about a land located in the north of Bucharest, in Greenfield Residence. Currently, in that area of District 1 live approximately 1,500 children of school and preschool age, the nearest educational unit being over 4 km away.

    The approach of Impact Developer & Contractor represents a step towards normalcy and an invitation for all major real estate developers in the country to evolve by investing in education. This year, the company has allocated over 1 million euros (excluding VAT) for the expansion of public utilities that will serve both the school and kindergarten, as well as other areas in the vicinity of the Greenfield neighborhood. Impact plans to build additional access roads nearby. Today, they are in the final phase of approving the PUZ documentation, and once completed, they will be transferred free of charge to the public domain.

    According to the approved urban plan, near the school and kindergarten will be built on 2 lands provided free of charge to the municipality, an STB terminal, various other public functions and an ISU subunit to serve the entire northern part of the capital. For the execution of these functions and infrastructure elements, Impact has allocated a budget of over 3 million euros (excluding VAT).

    At the end of April, by notarial deed, at the request of the City Hall of District 1 of Bucharest and the General City Hall of Bucharest, Impact Developer & Contractor submitted to the General City Hall of Bucharest and the General Council of Bucharest the donation offer for the urban land of 9,620 sqm, located in Bucharest, Teișani  Alley, District 1, adjacent to the Greenfield neighborhood. That land is registered in the Land Book no. 277156 of Bucharest, District 1. According to the zonal urban plan ZUP- Teișani Alley – Pădurea Neagră Street, no. 56-64, the land area that is the object of the donation has the function of UTR Education.

    The Local Council of District 1 voted in favor of the request to CGMB, on 28.05.2020, for the reception in administration for the construction of a school and a public kindergarten on this land, together with all the necessary annexes and utilities, according to the draft annexed to the donation act and all technical documentation for the building permit, also donated free of charge.

    In this sense, there is already an agreement of principle acceptance from the Administration of Pre-University Education Units and Public Sanitary Units Sector 1. The start of works also has a precise deadline, no later than 31.12.2020.

    Together with the project for the construction of the school and kindergarten, the value of the donation amounts to approximately 1.75 million euro, according to the evaluation report.

    The school and kindergarten will have direct access to a public road and will be modern educational spaces, where approximately 1,000 children from the northern part of Bucharest will be able to learn, as follows:  
    – the kindergarten will be able to receive 150 children in 15 classrooms, it will have a multifunctional room, a medical office + isolator, a food office, administrative spaces, technical spaces and a covered playground;

    – in school there will be able to learn two series of 390 children in 13 classrooms, 5 laboratories (chemistry, biology, physics, computer science, foreign languages), two workshops (music and arts), 1 after-school room, 1 library , a gym + locker rooms, a multifunctional foyer, a speech therapy office, a pedagogical counseling office, a medical office + isolator, a buffet space + food office, a school shop, a covered inner courtyard, an outdoor sports field free, a partially covered recreation yard, a maintenance workshop, bicycle parking platforms, various technical and administrative spaces.

  • Impact sold 94% of Greenfield and 62% of Luxuria Phase 1 project

    Impact sold 94% of Greenfield and 62% of Luxuria Phase 1 project

    Impact Developer & Contractor ended the first quarter of 2020 with 94% contracting for Greenfield project and 62% contracted from the first phase of Luxuria project, with sales revenues of 4.8 million euros, EBITDA of 980 thousand euros and an optimistic outlook for the next two quarters, when expected 25 million Euro of sales revenue.

    The estimates are based on the delivery of the apartments from phase 1 of Luxuria, located in the new business pole of Bucharest, which includes a necessary mix of residential and office.

    Impact activity in the first 3 months of 2020 was dominated by the development of two residential projects in Bucharest: Greenfield Residence Băneasa and Luxuria Domenii Residence.

    As of March 31, 2020, 2,394 apartments were contracted (94%), namely 2,338 sale and purchase contracts and 56 promises and reservations, out of the 2,548 apartments already built, related to the Greenfield project.

    Luxuria Domenii Residence first phase is contracted in proportion of 62%

    Luxuria Domenii Residence ensemble completed the first phase and started the delivery of the apartments.

    As of March 31, 2020, the first phase is contracted in proportion of 62%, which constitutes sale-purchase promises, starting with the signing of sale-purchase contracts from May 15, 2020.

    At this moment, 31% of the second phase is reserved (83 apartments out of the 268 available), and the third phase (130 apartments) was recently launched for sale.

    In addition to the 50 sale-purchase contracts, the value of which is reflected in revenue recorded in the first quarter of 2020, on 31 March 2020 pre-sale and purchase contracts and reservations were signed for 286 apartments in Greenfield and Luxuria, with a value of of 32.8 thousand Euro.

  • Luxuria Domenii Residence completes phase one of development

    Luxuria Domenii Residence completes phase one of development

    Impact Developer & Contractor announces the completion of the first phase of Luxuria Domenii Residence project in the second half of May.

    Classified in the premium category, the residential complex is positioned in the new business hub of the capital, where over 20,000 corporators will work, an aspect that maintains a high degree of interest for nearby homes.

    The construction works of the first phase, called A2, started in March 2018 and were recently completed, with the reception made together with the state institutions and the tabulation of the buildings, and the apartments will be handed over starting with May 15, 2020.

    The residential compound was designed from the beginning to be included in energy class A and in the category of green buildings, receiving Breeam Excellent Certification, which is an alignment to the international standards of residential buildings.

    The first phase totals 232 apartments and includes studios, studios, 2, 3 and 4-room apartments and 4- and 5-room penthouses.

    As of December 31, 2019, the reservation rate was 55% of the first phase apartments, in the top of preferences being the 2-room apartments.

    Luxuria offers exclusively underground parking, theme park, fitness centers, lounge, 24/7 receptions, children playgrounds, secure access, human security and video surveillance.