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[email protected] 201410001 Impact Acquires Land for Bucharest Housing Project Romanian real estate developer Impact Developer & Contractor (IMP), controlled by businessman Gheorghe Iaciu, has bought a one-third share of 78,970 sq. m of land at Barbu Vacarescu Street in Bucharest for EUR 9.0 mln. The transaction evaluates the whole land at EUR 27 mln, or EUR 341 per sq. m. Lots on Barbu Vacarescu Street, where Kaufland and Billa stores were built, are controlled by heirs of the Bragadiru family, according to Ziarul Financiar. "Upon signing the contract, the purchase price of EUR 9.0 mln was fully paid from funds raised by the company following a capital increase. The land will be used for a housing project," Impact said in a statement to the Bucharest Stock Exchange. The acquisition is part of the company’s strategy for the 2014-2018 period. The Barbu Vacarescu area in the north of Bucharest has become an important office zone, but the land bought by Impact, which until recently was used as a concert space known as Zone Arena, is more suitable for housing. 201410002 CA Immo to Sell Logistics Assets in Romania, Poland, Serbia Austrian real estate investor and developer CA Immo today announced it is in final negotiations with an unnamed bidder to sell a logistics-portfolio with a total lettable area of 460,000 sq. m. The planned transaction comprises a logistics park in Romania, two standing assets in Poland with attached land reserves and a smaller land plot in Serbia.