Impact sells 60 ha in Bucharest

Real estate developer Impact announced it would cancel all its villa construction projects in Bucharest due to the lack of cooperation on the part of the local authorities. This is why it intends to sell more than 60 hectares of land in this city. It will continue to build villas in the outskirts of the Capital, however. “We have no operations running in Bucharest at the moment. One must not mistake the residential complexes we built in areas such as Pipera for Bucharest,” Dan Ioan Popp (photo), the company’s chairman explained. He believes Impact’s business will not be affected by this decision. “We are in talks with a number of local authorities in the rest of the country to start building residential complexes,” Popp added. The decision to cancel the villa construction projects in Bucharest was made, the company representatives say, because of the lack of cooperation on the part of the local authorities. ZF