The Coral resort has all legal documentation in place and is a development supported by the local municipality. Planning approval for a luxury resort-style development with low density buildings and various onsite facilities was granted to The Coral in September 2013 following the delivery of the SEMACE licence. Site preparation and construction began at the beginning of 2014 and is well underway.
The resort will offer 700 exquisite building plots grouped into small enclaves of around 20 villas, and three apartment complexes. There will be various commercial buildings for retail outlets, restaurants and a boutique hotel. Plot sizes range between 397.5 sqm and 1,060 sqm. (4,284 sqft and 11,410 sqft).
BRIC Group, a global real estate company with offices in Brazil, US, Spain, Hungary and a consulting office in Dubai, is developing The Coral resort. A privately-owned company established in 1996, BRIC Group’s initial activity was founded on the renovation of individual properties and apartment complexes in European real estate markets. Today, the company’s offering has expanded to include developing its own award-winning, luxury beachfront resort in Northeast Brazil and holds a substantial portfolio of investment properties, that have been renovated and tenants placed in them, which it offers to investor clients.
Montenegro, Zanocchi Gentile (MZG) Advogados is a legal consultancy firm part of Brazil’s most prestigious and longest standing law firms, Veirano Advogados. MZG Advogados have a highly professional and expert team that are dedicated to the practice of corporate advisory and litigious law. They will work to ensure that The Coral is developed in complete accordance with the law, ensuring all permissions are in place and also assisting international purchasers through the buying process in Brazil.
MD-Brasil is an internationally acclaimed, award-winning architecture and development company established since 1982. They are recognised as one of the best in their field with an undisputed reputation for incredible design and building standards. They possess an impressive portfolio of residential developments, hotels, retail and commercial centres including several award-winning national projects such as the Pinto Martins International Airport in Fortaleza and the J.K. Bridge in Brasilia - one of Brazil’s most recognised landmarks and winner of several awards. MD-Brasil are involved in the master planning, architectural design and final construction of The Coral resort.
Eikon Arquitectura e Urbanismo is a highly respected Brazilian architect firm established in 2005. Their professional team of architects and engineers create innovative ideas that produce quality design buildings across Northeast Brazil. They are motivated to provide complete satisfaction and be innovators within their industry. Such creativity will bring that extra special quality to the villa designs at The Coral that will separate the resort from any others in the region.
CMB Engenharia Ltda
CMB Engineering and its team of technical experts hold an extensive portfolio of civil, industrial and infrastructure works throughout eight northeastern states of Brazil. The company operates in the areas of public and private buildings, industrial, commercial and residential, sanitation, d'Arte works, supply, drainage, airport, pavement, steel structures, and electrical installations in low and high voltage laboratories, renovations and helipads.
CMB are relentless in their pursuit of the most efficient and modern building techniques to serve their customers in the shortest time possible, always seeking the best quality in their work and service
The Coral Development Update Q1 2020
Read the latest update about works being undertaken onsite and the progress of the resort’s development, as well as other important news relating to the resort. See the most up-to-date images from the site and a personal message from The Coral project manager in Brazil.
To read the latest development update for The Coral, please complete the form below to receive your automatic download.