KÉSZ Group launches its first residential development in Bucharest
KÉSZ Group has launched its first residential real estate development in Bucharest, the Corallis project, as a fully self-financed investment in collaboration with its subsidiary companies. Currently, KÉSZ Group has operations in five countries, including Romania. The company’s objective is to continuously expand its capacities and strengthen its international presence through comprehensive solutions.
KÉSZ Group's first residential project in Bucharest, Corallis Apartments, is being built in northern Bucharest, on the shores of Lake Grivița, on a 15,000 m² plot. The project is being developed entirely as a self-financed investment, with the involvement of KÉSZ Group’s subsidiaries. The developer is KÉSZ Properties, while the general contractor is KÉSZ Romania, a key player in the regional construction industry.
Sales launched: High demand for lakeside apartments
Future residents of Corallis Apartments will enjoy a green lakeside environment while remaining close to the vibrant city center of Bucharest. Sales of the apartments began in September 2024, and within the first four months, 27% of the available stock has been acquired, representing a total transaction volume of approximately €11.5 million, confirming the project's attractiveness in the real estate market.
Construction work is ongoing, with two out of the five buildings already reaching the ground level. The project completion deadline is set for the end of 2026, with apartment handovers expected at the beginning of 2027.
The concept of Corallis Apatments is designed primarily for families looking for a modern, comfortable, and sustainable home.
The project features 221 apartments, ranging in size from 60 m² to 200 m², including two-, three-, and four-room layouts. Each unit comes with a spacious terrace or garden, while upper-floor apartments offer stunning panoramic views of the lake.
Beyond offering high-quality residences, Corallis aims to foster a strong community and provide well-being services. Planned amenities include wellness facilities (swimming pool, fitness center), outdoor yoga and Pilates areas, lakeside promenade, playground and retail units for residents' convenience.
Focus on eco-friendly solutions
As a responsible market player, KÉSZ Properties has prioritized sustainability, integrating numerous eco-conscious solutions into the project. To improve energy efficiency, the development will include solar panels, electric vehicle charging stations, modern heating and cooling systems, advanced thermal and acoustic insulation and smart home solutions for enhanced comfort.
The investor aims to achieve the prestigious BREEAM Excellent certification, which validates compliance with the highest sustainability standards.
A milestone in Bucharest’s real estate market
"Corallis is not just another residential project in northern Bucharest; it is a testament to KÉSZ Group’s vision and professional excellence. The remarkable performance in the initial months reflects both the project’s attractiveness and KÉSZ Group’s credibility in the real estate market. We are convinced that this development will be a milestone in Bucharest’s real estate landscape, offering quality, comfort, and a new way of living" said Zsolt Tatár, Project Director of KÉSZ Properties Romania.
