Apartment

IMPACT Developer & Contractor sold the most expensive apartment in LUXURIA Residence Bucharest

IMPACT Developer & Contractor, the first real estate developer established in Romania and also the first real estate company listed on the Bucharest Stock Exchange (BVB), has sold the most expensive apartment in the LUXURIA Residence complex, worth 734,000 euros. The transaction was completed by the promoter’s in-house sales team.

The recently marketed apartment of the LUXURIA residence is a 5-room duplex with an area of ​​300 square meters and a generous terrace of 36 square meters. The package also included two parking spaces in the basement.

Located in the northern area of ​​the capital, LUXURIA Residence is the first residential complex certified BREEAM Excellent in Bucharest, fully finished at this time, its total estimated current value being 150 million euros. The entire condominium comprises 9 residential buildings with 630 apartments and benefits from 9,650 m² of green space, two parks with street furniture and an artesian fountain, playgrounds, a fitness center with state-of-the-art equipment, an elegant lounge and basement parking. The LUXURIA residential complex brings together a unique blend of features: sustainable accommodation built to BREEAM Excellent standards, easy access to many of the city’s attractions, as well as plenty of indoor leisure space.

IMPACT already has a solid reputation in the core segment of the residential market, in the housing sector for middle-income customers, where we deliver to the highest standards at affordable prices. By concluding this transaction in LUXURIA Residence, we have taken the first step towards a higher market segment, the high-end housing sector. It should be mentioned that one of our main arguments is the quality of services and facilities offered to our customers, similar to those offered in the premium segment of the market.said Ovidiu Grinici, Sales Director of IMPACT Developer & Contractor.

Currently, IMPACT owns 89.6 ha of land with an EPRA value (EPRA values ​​are determined according to the standards of the European Public Real Estate Association) estimated at 799.2 million Lei, of which 73.5 ha with potential for immediate development, on which new large projects, with mixed functions and infrastructures, will be built, such as: Greenfield Băneasa, Greenfield Plaza Băneasa, Greenfield West, Greenfield West Plaza, Luxuria City Center in Bucharest, Greenfield Copou and Greenfield Copou Plaza in Iasi and Boreal Plus in Constanta. The gross development value of these projects, over the period 2022 – 2027, amounts to 1.3 billion euros.

IMPACT Developer & Contractor is one of the first 3 companies listed on the Bucharest Stock Exchange (BVB) and at the same time the first listed real estate developer, in 1996. In more than 25 years of uninterrupted listing, IMPACT has established itself as a innovative company and for the diversity of stock market financing tools it has used.

Since March 2022, IMPACT shares have been included in the FTSE Global Micro Cap Index, part of the FTSE Global Equity Index Series (GEIS) dedicated to emerging markets.


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