Bucharest, January 21, 2025

The Corallis residential complex, developed by KÉSZ Group and implemented by KÉSZ Romania has achieved remarkable sales performance. In just four months from the sales launch in September, 27% of the available stock has been acquired, representing a total transaction volume of 57,400,000 RON, confirming the project's attractiveness in the real estate market. The results were reported by the sales agent of the project, Fortim Trusted Advisors.

Located on the shores of Lake Grivița, the complex has obtained BREEAM Excellent certification and includes facilities promoting a healthy lifestyle, which have attracted buyers and resulted in pre-sale agreements for 61 apartments in 2024.

The launch offer started with an excellent price-to-quality ratio, with prices starting from 117,834 Euros + VAT for two-room apartments, the best-selling product in the first few months. There has also been significant interest in three- and four-room apartments, which offer spacious areas and support the concept of a comfortable lifestyle, with the advantage of proximity to the lake and stunning sunsets.

The most valuable apartment sold during this period is a four-room penthouse with a lake view and a rooftop terrace. It was sold for 530,000 Euros plus VAT, emphasizing the unit's exclusivity and superior features.

Half of the buyers opted for the installment payment method, which will be paid until the construction works are completed. For the standard payment method, the required down payment in the Corallis apartments sale-purchase process is 30%, while for the installment payment method, the required down payment is 20%.

The residential complex is located in the northern part of Bucharest, on Coralilor Street, with direct access to Lake Grivița. Construction work is ongoing, with two 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.

“We are delighted with the progress of construction work and the sustained pace of sales at the Corallis project. The remarkable performance in the early months reflects both the attractiveness of the concept and the credibility that KÉSZ Group enjoys in the real estate market. We are convinced that this project will become a landmark in the Bucharest real estate landscape, offering quality, comfort, and a different lifestyle,” said Tatár Zsolt, Project Director at KÉSZ Group

The Corallis residential complex will offer a wide range of facilities, including a reception, concierge service, a fitness area with a swimming pool, a promenade along the lake, playgrounds, themed gardens, a dedicated yoga and Pilates green area, as well as renewable energy generated by photovoltaic panels. Over 370 parking spaces, modern urban furniture, and an outdoor socialization area will also be available, all contributing to creating a comfortable and sustainable living environment.

Developed by KÉSZ Group, with solid construction experience, the project marks the company's first venture into the Bucharest residential market as a real estate developer. KÉSZ Group also owns an A-class office building in Cluj-Napoca with a GLA of 21.100 sqm. and a modern production facility with potential for expansions in Turda, further strengthening its presence and expertise in the local real estate market.

Currently, interested buyers can purchase a Corallis apartment benefiting from the pre-sale offer, which provides a more accessible sale price. This option allows for significant appreciation of the reserved property's value as the price increases and the project reaches maturity upon completion. Purchasing a three-room apartment early offers buyers a client advantage of 28,000 Euros, making the pre-sale offer extremely attractive. The financial benefit represents the savings obtained from the preferential price offered during construction compared to the final project price when it reaches maturity.

“The Corallis project is an appealing real estate product, both through the features of the apartments and the included facilities that support the goal of offering an exceptional lakeside lifestyle.

As expected, most interested buyers chose Corallis apartments for residential purposes. At the same time, investing in an apartment in this complex is a wise decision considering the long-term property value appreciation potential.

Currently, during the pre-sale period, apartment prices are still very attractive, offering buyers the chance to choose their desired unit from a variety of apartment types with views of the lake, garden, or rooftop terrace,” said George Călin, Residential Sales Manager at Fortim Trusted Advisors, the exclusive real estate agent for the project.

About KÉSZ Group

KÉSZ Group is an innovative technology-driven group of companies with a wide portfolio focusing on construction industry.  They represent all segments of the construction value chain in one hand since they are engaged in designing, manufacturing, installation, construction and operating activities for more than 40 years now. Their real estate portfolio includes offices, residential, industrial, commercial and hospitality buildings in 5 countries with an overall GBA of 250,000 sqm.

KÉSZ Romania is a member of the KÉSZ Group. Established in 2001, it is now one of the leading construction companies in the region, providing comprehensive general contracting services across all sectors. The company's expertise covers the entire spectrum of activities, from design to construction and turnkey execution.

Over the years, the company has successfully completed various projects, including state-of-the-art office buildings, residential complexes, commercial and logistics centers, public buildings, factories, agricultural facilities, medical buildings, tourist and wellness centers, and heritage building restoration.

KÉSZ has played an essential role as a General Contractor in a number of notable projects, including One Herăstrău Park Residence, Atenor Dacia One Project, the Central Administrative Headquarters of Banca Transilvania, Tradecenter, Nymphaea Aquapark Wellness & Thermal SPA, and Hexagon Offices.

About Fortim Trusted Advisors, membru al alianței BNP Paribas Real Estate

Fortim Trusted Advisors, a member of the BNP Paribas Real Estate alliance in Romania, is a real estate consultancy company founded in 2002 and led since December 2020 by Costin Nistor, Bogdan Cange, and Nicolae Ciobanu. The company offers real estate consultancy services in office, retail, industrial & logistics segments, valuations, capital markets, and research, as well as Property Management and Project Management services.