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Real Estate: IMPACT completes the project Luxuria Residence in the Expozitiei area
Impact Developer & Contractor, the first real estate developer in Romania listed on the Bucharest Stock Exchange, completes the last phase of Luxuria Residence, the upper-class project located in Expozitiei, the capital’s new business center. Thus, Luxuria Residence becomes the first urban community in the area.
The third and final development phase includes 130 studios, 2-, 3- and 4-room apartments and duplexes in two buildings of 8 and 11 floors. These are complemented by 1,064 square meters of green spaces, children's playground and 135 exclusively underground parking spaces.
With this last phase being finalized, Luxuria Residence becomes the first completed residential compound in the Expozitiei area. The entire condominium includes 9 eco-friendly buildings with 630 high-quality apartments, 728 underground parking spaces, 9,650 square meters of green spaces, fitness center, lounge and reception.
"Luxuria Residence comes as a natural response to the demand for upper-class housing in an effervescent area that has recently become the new business center of Bucharest. We are proud to develop the first sustainable urban community in the Expozitiei area, which benefits from cleaner air and a healthy lifestyle due to the eco-friendly buildings that meet the BREEAM Excellent sustainability standards, as well as the facilities offered within the compound", said Tinu Sebesanu, CEO Impact Developer & Contractor.
Luxuria is the first residential project in Bucharest designed to obtain the BREEAM Excellent certification, the most important sustainability assessment method for building and infrastructure projects. The comprehensive certification process recognises the value of a project throughout its built lifecycle, assessing the sustainability of its solutions across a range of categories: energy, health and well-being, innovation, land use, materials, construction management, pollution, transport, water and waste management. The most important factors assessed are the environmentally integrated design, carbon reduction, the sustainability and resilience of projects, low energy consumption, adaptation to climate change, environmental and biodiversity protection.
Luxuria Residence has gained the International Property Awards recognition for its contemporary architecture, winning the Architecture Multiple Residence - Romania award for the European region, in last year's competition.
About Impact Developer & Contractor S.A.
With 30 years of experience on the market, IMPACT Developer & Contractor SA is the first real estate developer listed on the Bucharest Stock Exchange. IMPACT Developer & Contractor SA ("IMP") shares are listed in the Premium category of the Bucharest Stock Exchange, with a market capitalization of 897,750,000 lei (as of August 11, 2021). IMPACT Developer & Contractor's mission is to develop communities, through sustainable projects, at BREEAM Excellent quality standards, both in Bucharest and in the big cities of the country. Among the developer's reference projects are GREENFIELD Baneasa and Luxuria Residence, the latter being the only residential project in Bucharest with BREEAM Excellent certification. As part of its national expansion strategy, in 2020 IMPACT started the construction of Boreal Plus residential project in Constanta, a mixed project consisting of villas and apartments, as well as GREENFIELD Copou residential project in Iasi.