Impact, controlled by Gheorghe Iaciu, secured a RON 18m loan from Banca Transilvania to finance new developments. The loan is for a period of 18 months. One of the projects the money will help fund is Impact’s Greenfield 2 residential scheme, underway in northern Bucharest. The project will offer 4,600 apartments, 1,000 of which are set for completion by the end of 2015.
