Impact expands to Europe

Impact real estate developer is planning to expand its operations abroad, with Serbia as the main target, Chairman Dan Ioan Popp said. “We want to expand our operations by building residential complexes in the nearby countries, with Bulgaria, Serbia and Hungary as our prime targets. We are already looking into the development of these markets but it will take at least two years to prepare Impact’s entry, during which we will try to find local partners and analyse the conditions on those markets,” Popp said. “Serbia is an extraordinary opportunity, as the country has a tremendous potential but also financial problems,” Impact’s official added. He specified “we could begin a project in Serbia, Bulgaria or Hungary in two years at best, but the actual construction will take two to four years.”  On the other hand, Impact is also interested to approach the European Union countries, albeit with a different product range. “We want to export wooden houses to the EU countries. We have holiday homes for which we are negotiating with companies from Spain, Portugal or France and we are also planning to export and assemble wooden residences,” Popp said, adding exports of such products could begin by yearend. ZF