$13m residential area

Impact Bucharest will build some 130 villas within the Class residential complex located in the uptown area of the Capital. The total project is worth approximately $13 million, general manager Dan Ioan Popp said during the dedication of the construction site. “We will build three types of houses 90 to 380 sqm wide, set to cost $80,000 to $300,000,” Popp said. He added the fit-outs would be in line with the villa type chosen by each particular client. The entire complex, scheduled for completion in four or five years, will take up 75,000 sqm and include a shopping centre, a sports field, playgrounds, as well as a parking lot with 70 spots. Impact Bucharest has turned about 400 villas over to its clients in Bucharest and Constanta thus far. It is planning to expand to 39 counties over the next ten years, by developing 55 residential projects, following a total investment of $330 million. Impact’s Q1 net profit shrank to 6.29bn ROL from the 84.8bn ROL in the same time last year due to the prolonged winter. ZF