The nine apartment blocks comprise of 252 apartments and will require a total investment of EUR 14 million. The apartments are one-, two- and three-bedroom units with surfaces of between 65 sqm and 120 sqm which the developer estimates will be sold out by my mid-2015. Next year Impact also plans to begin works on another nine apartment blocks part of the same project. The entire Greenfield project is built on a 60 ha plot of land in Baneasa, near Bucharest.

Impact Developer & Contractor’s main shareholder is local businessman Gheorghe Iaciu who owns the Doraly shopping center. He became shareholder last year when the company’s founders – Dan Ioan Popp and Carmen Sandulescu – had to sell their shares following foreclosure on an outstanding loan, according to Mediafax. (source: business-review.eu)