2.5m-euro acquisition by Impact

Constructor and real estate developer Impact has acquired Delta Holding Building Real Estate, a company that owns land in the Voluntari commune, in a deal worth around 2.5 million euros. “The transaction began in December last year and was completed recently. The purpose of the acquisition was to gain control of the land belonging to Delta Holding Building Real Estate in Voluntari: some 42,000 square metres,” said Impact chairman Dan Ioan Popp. He went on to say that the development of the Azur 2 residential complex on this land, which will have 150 homes, had already begun, with 70% of the homes under construction in the Azur 2 complex having already been contracted. “The money for the transaction came from the over nine-million-euro bond issue released at the end of last year,” he explained, adding that the Delta Holding Building Real Estate was an investment vehicle that previously belonged to a number of foreign investors. Impact”s main shareholder is Dan Ioan Popp, who owns nearly one third of the total share capital. Mediafax