The closing of the EUR 30 million loan marks an important step in further strengthening the financial resources allocated to the project. This financing complements the investment already made by KÉSZ Group from its own resources, as well as the customer prepayments that have helped the project reach significant milestones.
“Corallis Apartments represents KÉSZ Group’s long-term commitment to Bucharest’s residential market. The financing secured from Raiffeisen Bank Romania complements the resources allocated to the development and helps us deliver a residential complex focused on construction quality, green spaces and comfortable living. By aligning our deep construction expertise with top-tier financial partnerships, we are establishing a new benchmark for sustainable, community-driven urban developments,” says Tatár Zsolt, Project Director at KÉSZ Group.
By securing the loan from Raiffeisen Bank Romania, KÉSZ Group is diversifying its funding sources for the development of Corallis Apartments.
“The financing provided to KÉSZ Group complements the resources already committed by the company and supports the continuation of the investment. We aim to offer our clients lending solutions tailored to the needs and development stages of their businesses. In real estate financing, we focus on the investor’s experience, a balanced financial structure and a long-term partnership,” says Alin Neacsu, Executive Director – Large Corporate Raiffeisen Bank România.
Located in Bucharest’s District 1, in the Petrom City area, Corallis Apartments occupies a site of approximately 15,500 sqm and comprises five low-rise buildings. The development includes 221 homes, offering two-, three- and four-room apartments, duplexes, garden apartments and penthouses with panoramic terraces.
Future residents will benefit from more than 6,000 sqm of landscaped green spaces, a lakeside promenade and dedicated areas for sports and relaxation. The location provides access to the main shopping centres, educational institutions and business hubs in northern Bucharest.
The development is designed to achieve BREEAM Excellent certification, in line with international sustainability and energy efficiency standards. This approach prioritises the responsible use of resources, alongside the health and comfort of occupants.
Corallis Apartments is KÉSZ Group’s first residential development of its own in Bucharest and is being delivered with the involvement of companies within the group. The project’s developer is KÉSZ Properties, while the general contractor is KÉSZ România, a company with more than two decades of experience in the local market.
About Corallis Apartments
Corallis Apartments is a comfort-focused residential development located on the shore of Lake Grivița in northern Bucharest. The project comprises 221 apartments with built areas ranging from approximately 60 sqm to 200 sqm, complemented by generous terraces and, for certain types of homes, private gardens. Its location near Petrom City and the main business hubs in northern Bucharest provides a balance between urban connectivity and the comfort of a lifestyle close to nature.
About KÉSZ Group
KÉSZ Group is one of the leading construction companies in Central and Eastern Europe, with operations in several countries and more than four decades of experience. The Group covers the entire construction industry value chain, from design, manufacturing and installation to construction and operation.
Over the years, KÉSZ Group has contributed to the development of more than six million square metres of built space, demonstrating extensive experience in delivering complex projects. The Group’s current real estate portfolio totals nearly 250,000 sqm of built space across five countries and more than 30 locations. It covers the market’s main segments, including office, residential, industrial and logistics, retail and hospitality.
KÉSZ Group has been operating in Romania since 2001 and has contributed to the delivery of major office, residential, commercial and industrial projects. As KÉSZ Group’s first investment in Romania, Hexagon Offices stands out as a landmark Class A mixed-use building on Calea Turzii in Cluj-Napoca, highly recognized for its imposing architecture and modern interior design. Spanning over 27,000 sqm of premium office and retail leasable space, this BREEAM Excellent certified complex combines sustainability with agile, customizable workspaces. The property elevates the modern work-life experience by offering premium amenities, including an expansive open terrace of over 2,000 sqm, dedicated parking with electric vehicle charging stations, a restaurant, a cafe, and a fitness hub. Today, this thriving hub hosts a premier business community featuring industry leaders such as Accenture, Orange, Cognizant – Softvision, UMT Software, Evalueserve, Future Electronics, PRO TV, Devhub, MKT Group, Eighteengym, Stradale, and Touchpoint Medical.