About Impact Developer & Contractor
Impact Developer & Contractor is a real estate developer in Romania, of residential real estate properties and office building projects. It was founded in 1991 and is based in Bucharest, Romania.
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Latest Impact Developer & Contractor News
Jan 20, 2023
IMPACT Developer & Contractor sues the Bucharest City Hall, the District 1 City Hall and Romsilva IMPACT Developer & Contractor, the first real estate developer established in Romania and also the first real estate company listed on BVB, sued the Bucharest City Hall, the District 1 City Hall and the National Directorate of Forests – Romsilva, in order to determine these instituitions to respect their legal obligations assumed in the decisions of Bucharest General Council, District 1 City Hall Council and those mentioned in the acceptance document signed with IMPACT and to definitively grant public access between Privighetorilor Alley and Padurea Pustnicu road. The decision to sue the above mentioned institutions was taken as a result of the authorities’ delay in implementing the procedure for the definitive reopening of the Vadul Moldovei road for public access, in accordance with the assumed legal obligations, and also considering the unfounded statements of some representatives of these institutions who had the task to solve, not hinder, this process. „Considering the closure of a section of Vadul Moldovei road which served as the only access road to District 1 for the residents of the GREENFIELD Băneasa, as well as the latest public statements of the local authorities refusing to implement their own decisions, IMPACT has no other legal choice than to sue them. We do this with regret, as we hoped for a much better collaboration with the authorities, for the benefit of these more than 6,500 residents of District 1.”, stated Constantin Sebesanu, CEO IMPACT Developer & Contractor. The information circulated in the public space according to which IMPACT had the obligation to create the access ways to the compound through signed and publicly assumed documents, is false. However, IMPACT has shown its willingness to support the authorities in this regard, proposing the construction of additional access solutions by its own investment. Although IMPACT started the process in 2017, the approval procedures have not yet been completed. IMPACT has demonstrated that it has the ability to carry out such infrastructure projects, as evidenced by the more than 8 km of internal roads in the GREENFIELD Băneasa compound built so far. Read more about Moreover, the multiple public statements of the representatives of the mentioned authorities intentionally transfer responsibility for this situation to IMPACT. We emphasize that in order to support and speed up the definitive solution to the situation, IMPACT donated, six years ago, three plots of land with a total area of 6,000 sqm, located in the suburbs of District 1 of the Municipality of Bucharest, to the City Hall of the Municipality of Bucharest, with the aim of carrying out the formalities for transfering the road from the public domain of the Romanian State to the public domain of the Municipality of Bucharest. This was an essential condition in resolving the situation and should have facilitated and accelerated the whole process, the rest being formalities between the state authorities. The obligations assumed unequivocally by the authorities clearly emerge from decisions no. 218/08.06.2017 and 608/19.12.2017 of the General Council of the Municipality of Bucharest, from decisions no. 236/31.07.2017 , 278/01.09.2017 , 345/31.10.2017 , 1/31.01.2018 of the Local Council of District 1, as well as from the document of acceptance of the donation made by IMPACT. “We have taken note of the full content of the Notice no. 11133/C.M.R./18.05.2018 issued by the National Directorate of Forests – Romsilva, which makes clear that all the premises are met to carry out the task imposed on us by the donor IMPACT DEVELOPER & CONTRACTOR S.A. through the Additional Act no. 1, act authenticated under no. 1696/25.10.2017. At the same time, by this act, we oblige ourselves to compensate the National Directorate of Forests – Romsilva, the lands that are the object of this act, according to art. 37 of the Forestry Code of Romania, in order to open public access between Privighetorilor Alley and Padurea Pustnicu road, (…).” it is mentioned in point 5 of the Act of Donation Acceptance, signed on 13.06.2018 by the General Mayor of the Municipality of Bucharest.
Impact Developer & Contractor Frequently Asked Questions (FAQ)
When was Impact Developer & Contractor founded?
Impact Developer & Contractor was founded in 1991.
Where is Impact Developer & Contractor's headquarters?
Impact Developer & Contractor's headquarters is located at Willbrook Platinum Business & Convention Center, Bucharest.
What is Impact Developer & Contractor's latest funding round?
Impact Developer & Contractor's latest funding round is Series A.
How much did Impact Developer & Contractor raise?
Impact Developer & Contractor raised a total of $13.8M.
Who are the investors of Impact Developer & Contractor?
Investors of Impact Developer & Contractor include Credit Value Investments.
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