$3m project for Impact

Construction and real estate development company Impact will raise an office building in the Pipera – Tunari area in Bucharest by 2005. The Construdava business centre is first such building constructed by Impact, with part of it set to host the developer’s offices and the rest available for rent. “The investment amounts to at least $3 million,” said Ioan Popp, chairman of the company and its main shareholder. Popp added Impact was currently operating in several locations in Bucharest, which entailed additional costs. Construdava will have 11 floors totalling 800 square meters. ZF