
IMPACT Developer & Contractor issued a maximum of 125,000,000 shares in August 2022. The raised capital will support the company’s development strategy, which includes current projects with a gross development value of 1.3 billion EUR.
IMPACT is the first real estate developer listed on the Bucharest Stock Exchange and has the stock symbol „IMP”. This operation is the second share capital increase through private placement in 2022. The action comes after a successful first action finalized earlier this year and was intermediated by Swiss Capital as licensed broker.
“Despite the challenges generated by the economical global context, IMPACT has proven that it has the ability to adapt and continue to implement its mid-term growth development strategy. We are continuing our expansion both in Bucharest, where we are accelerating the development of Greenfield Baneasa, and nationally, with ongoing projects in Constanta and Iasi. In the coming months we will focus to launch the project in Iasi, the biggest masterplan project in Moldova, as Iasi is one of the fastest growing cities in the country with strong presence of various companies and with an increasing demand for residential.“, says Constantin Sebeșanu, CEO of IMPACT Developer & Contractor.
Greenfield Baneasa is IMPACT’s flagship project with an estimated total value of more than 800 mln EUR. The project will include more than 6,000 apartments situated on over 600,000 sqm of land in the northern part of the Capital. At the moment, at Greenfield Baneasa, work is underway to complete the last 435 apartments part of Phase 4, which totals 1,167 BREEAM Excellent certified apartments. Greenfield Baneasa has one more phase and will be finalized in 2028.
IMPACT will also start working this year at Greenfield Copou, in Iasi, as well as Boreal Plus project in Constanta. Greenfield Copou aims to be the largest sustainable residential project in Moldova. In Constanta IMPACT will develop a mixed project of villas and apartment blocks.
In its more than 25 years of uninterrupted listing on the BVB, IMPACT has attracted financing of 128.5 mln EUR for the development of its projects, through a series of financial instruments, including investment loans and the issuance of new shares and bonds.
IMPACT has 31 years of experience on the market and is the first real estate developer listed on the Bucharest Stock Exchange. The shares of IMPACT are listed on the premium category of the Bucharest Stock Exchange. The company has a market capitalization of 1,119,649,277.87 lei (aprox. 231 mln EUR).
IMPACT uses the best practices of corporate governance, transparency, accountability and communication with investors, obtaining the 10th rating at the VEKTOR valuation made by the Association for Investor Relations on the Romanian Stock Exchange. The mission of IMPACT is to develop communities through sustainable projects, at BREEAM Excellent quality standards, nZEB certified, both in Bucharest and in the major cities of the country.