The real estate development company Impact has bought an almost 26-hectare plot of land in the Southwestern part of the capital, where it intends to conduct an investment worth some 150 million euros, according to the company's chairman Dan Ioan Popp. Impact paid 15 million euros to acquire the plot, which is located in Prelungirea Ghencea, with the investment scheduled to be started next year. The transaction was partly self-funded and partly funded from a credit worth 13 million euros contracted from Piraeus Bank Romania, which was guaranteed by means of a mortgage on the plot of land. "The acquisition of this plot creates a new opportunity for us, as well as for the administration of the 6th sector to conduct an investment we put at 150 million euros, which would change the face of the area. For the time being, I cannot give specifics, because these things are subordinated to the urbanistic planning of the area," stated Popp.
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