Money Buzz! Europa

Tag: luxuria domenii residence

  • Impact contracted 60% of apartments stock in the first half of 2020

    Impact contracted 60% of apartments stock in the first half of 2020

    Impact Developer & Contractor ended the first half of 2020 with 133 homes sold and 260 pre-contracted homes, totaling 212 million lei.

    Of the stock of 487 apartments available in S1, 255 in Greenfield and 232 in Luxuria (March 2020), 60% were contracted. To these are added 102 pre-contracted apartments in the new development phases.

    In H1 2020, 133 sale-purchase contracts were registered, which brought revenues of 65.808 million lei, to which are added 260 pre-contracts of sale, purchase and reservations totaling 146.28 million lei.

    The 133 contracts mean 88 units sold in Greenfield (7,650 sqm) and 45 in Luxuria (3,347 sqm), including apartments, parking lots and yard lands related to the package. The apartments sold in the first semester of 2020 totaled a built area of ​​10,998 sqm.

    For the second semester, Impact envisages: for Luxuria, the completion of the second phase (268 apartments) and the continuation of the works in the third phase (130 apartments); obtaining construction permits, starting works and financing the fourth phase of Greenfield and the first phase of development in Boreal Plus Constanța.

    The fourth development phase of Greenfield Residence includes the Teilor Ensemble (1,900 apartments) and brings a premiere for IMPACT: the first commercial project with a recreation center – Greenfield Plaza, offering a mix that will complete the range of facilities offered within the community.

    Greenfield Plaza includes a Strip Mall, SPA area, gym, office area.

    Impact on the capital market

    In April 2020, following the EGMS decision of April 28, 2020, it was approved to reduce the company’s share capital from LEI 274,443,532, with the amount of LEI 9,443,532, by reducing the number of shares, from 274,443,532 shares to 265,000,000 shares, as a result of the cancellation of a number of 9,443,532 treasury shares, acquired by the Company.

    The reduction of the share capital took place and was registered in July 2020.

  • 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.