GEORGIA PROFILE TBILISI PROFILE PROJECTS OF TBILISI ... · Ms. Vera Kobalia. 3 MAYOR OF TBILISI Ladies and Gentlemen, I am delighted to present interesting projects that Tbilisi has

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GEORGIA PROFILE

TBILISI PROFILE

PROJECTS OF TBILISI

PROJECTS OF GUDAURI

PROJECTS OF MESTIA

PROJECTS OF ANAKLIA

PRIVATIZATION OPPORTUNITIES

PRIVATE COMPANIES OFFERS

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MINISTER OF ECONOMY AND SUSTAINABLE DEVELOPMENT OF GEORGIA

Dear Sir/Madam,

On behalf of Georgian Government, I would like to present the current trends in Georgian real estate sector and invite real estate professionals attending MIPIM exhibition to explore international property development projects available in Georgia. Georgian government has identified and targeted the real estate sector as one of its main economic priorities for investment and growth and has supported this development with the necessary infrastructure, appropriate legislation, tax incentives, privatization opportunities and other economic benefits. One of the latest initiatives is the development of the Free Tourism Zones in Kobuleti and Anaklia offering investors’ unprecedented terms for the construction of hotels and resorts.

I would like also to draw your attention to Mestia, Svaneti, untouched mountainous corner of Georgia with a rich history. Presenting UNESCO World Heritage sites and the giant snow mountains with a total vertical drop of 988 m, Mestia easily qualifies for Olympics. Modern high quality ski facilities and a master plan of the region developed by Ecosign, worldwide famous mountain resort planners, will stimulate further development of the Tourism Industry in Mestia .

I am confident that you will find these latest initiatives interesting, as they have already demonstrated a great deal of success. We have seen remarkable interest from international investors in developing hotels and other tourism-related facilities in the capital Tbilisi and resort areas across Georgia. There has never been a better time to invest in Georgia. Thanks to an aggressive reform agenda implemented by the government over the last 7 years, our country has dramatically improved its business and investment climate, quickly moving up the rankings in international business surveys. Georgia was ranked 12th among 183 countries in the World Bank’s“2011 Ease of Doing Business” report and 7th among 183 countries in terms of dealing with construction permits. According to Transparency International Georgia is one of the least corrupt countries in Eastern Europe and according to Forbes Tax Misery and Reform Index 4th best performer worldwide.As the Minister of Economy and Sustainable Development of Georgia I would like to personally invite you to consider real estate development opportunities in our country both through an array of privatization possibilities on offer by the Government as well as through partnership with the private sector in Georgia.

Ms. Vera Kobalia

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MAYOR OF TBILISI

Ladies and Gentlemen,

I am delighted to present interesting projects that Tbilisi has brought to this exhibition. These projects will have a profound impact on the urban image of Tbilisi and ensure its further development in line with European standards.

This makes more sense in the light of recent accomplishments we have made in terms of infrastructure development, urban planning and green solutions by implementing innovative projects in the capital.

However, what especially attracts investors are low taxes, absence of corruption, reduced bureaucracy and a favourable investment climate.

Procedures applicable to making business in Tbilisi are simple and transparent. There are only a few countries around the globe where starting business is so easy.

For more clarity let me bring an example of a building permit that can be obtained online within a single day. State-owned property acquisition or lease procedures have been simplified.

It is owing to these changes that Georgia ranks among leaders in respect of reforms and anti-corruption measures as reported by the World Bank and other authoritative organisations, including the Transparency International.

These and other changes have contributed to Georgia’s rankings in the World Bank’s Doing Business as #1 Reformer. According to other international organisations, including the Transparency International, Georgia is one of the leaders in terms of fighting against corruption.

Let me also draw your attention to those projects which have already succeeded in obtaining support from international donors. In the view of the ameliorated investment climate in Tbilisi, these projects will likewise raise interest in private investors.

It is my great pleasure to greet all investors who take interest in real estate projects. They will be welcome guests and partners for the Tbilisi City and its citizens.

Mr. Gigi Ugulava

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THE GEORGIAN NATIONAL INVESTMENT AGENCY- INVESTORS #1 LOCAL PARTNER SINCE 2002

The Georgian National Investment Agency (GNIA) was set up by the Government of Georgia in 2002 to promote foreign investments and facilitate economic development in Georgia. GNIA is the only government agency responsible for investment and recently also for export promotion.

Active on a global scale, GNIA is offering an extensive range of services to investors through a one-stop-shop approach, and assists them in obtaining optimum results from Georgia. GNIA’s team of professionals can assist investors in English, Russian, Italian, Turkish, French, Spanish and is dedicated to helping investors successfully develop their business operations in Georgia. Agency is also responsible for development of the investment portfolio, which includes various real estate projects in areas such as hospitality, commercial and residential.

Keti Bochorishvili , Director - Georgian National Investment Agency

“At GNIA, we are committed to assisting you with all of your investment and business development needs. Our team of investment specialists offers investors a wide range of services, including market research and analysis, advice on market entry, assistance with establishing a company, local partner search and introduction to local business leaders and government authorities. Our tight cooperation with the all entities will advance your search efforts in Georgia and help you to utilize existing opportunities.”

Georgian National Investment Agency

Ministry of Economy and Sustainable Development of Georgia

12 Chanturia str. 0108 Tbilisi, Georgia

Tel: +995 32 433 433

[email protected]

www.investingeorgia.org

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ECONOMIC AFFAIRS OFFICE

Economic Affairs Office

Tbilisi City Hall

7 Shartava str. Tbilisi 0160 Georgia

Tel.: +995 32 378 128

[email protected]

www.tbilisi.gov.ge

Economic Affairs Office is the gateway for your business to access Tbilisi. The Office is the part of Tbilisi Authority and acts in the following directions: city strategies and long-term plans, investors’ service, city branding and marketing, tourism, SME support, workforce capacity-raising, energy efficiency, international projects management, Tbilisi Metropolitan Area development.

Multilingual team of professionals at the office proffers comprehensive services to our partners through consultations, guidance, business match-making, business data provision and introduction to the city. Investors willing to do businesses in Tbilisi – the City That Loves You - will be offered the opportunity to make joint marketing of their endeavor with the city.

Zviad Archuadze, Head of the Economic Affairs Office, Tbilisi City hall

“We are dedicated to endow you with sufficient information on business environment in our city, to assist you in making the best choices through full-length guidance, market studies. We can introduce the investors to the required procedures how to start and develop a business in Tbilisi, link you with relevant partners, raising the recognition of your company and your product. Economic Affairs office is at your disposal in the way of your prosperity”.

We are pleased to share the opportunities for investors, operators, consultants, architects, end-users in the city of business friendly environment , rollicking life –style & nevermet hospitality.

Economic Affairs office is at your disposal in the way of your prosperity.

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GEORGIA PROFILE

Georgia-Time Tested Country

Situated in the south of the Caucasus region at the strategically important crossroads where Europe meets Asia, Georgia covers an area of 69, 700 sq km and has a population of about 4.6 million, with 1.3 million living in the capital city of Tbilisi. Georgia has its own alphabet and the country’s inhabitants speak various languages, with Georgian the official language. Georgia has a unique and ancient cultural heritage, and is famed for its traditions of hospitality and cuisine. Country is known as a cradle of wine-the oldest wine producer in the world.

Inhabited continuously since the early Stone Age much before the Christian era and located right on the fabled Silk Route Georgia has stood the test of time as the link between the East and the West.

Today, Georgia is a flourishing presidential parliamentary democracy. It has been recognised by and is a member of various global organizations such as the United Nations, the World Trade Organisation, the Organisation of the Black Sea Cooperation, the Organisation for Security and Cooperation in Europe, the Community of Democratic Choice, the GUAM Organisation for Democracy and Economic Development and the Asian Development Bank. All this points to the country’s drive to integrate itself with the rest of the world, and its acceptance in the world order as a sovereign state with a strategic economic future.

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GEORGIA PROFILE

TBILISI SEA DEVELOPMENT

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1 9 16 20 23 29 36 47 64 67 92 124 135 143 164

REFORMS – CREATION OF FAVORABLE MARKET ENVIRONMENT

Ease of Doing Business 2011 Index Of Economic Freedom 2011

SingaporeUnited Kingdom

United StatesGEOGRIA

EstoniaGermany

FranceUnited Arab Emirates

ArmeniaAzerbaijan

TurkeyChina

Russian FederationIndia

Ukraine

Hong KongUnited States

United KingdomJapan

GermanyGEOGRIA

ArmeniaUnited Arab Emirates

FranceTurkey

AzerbaijanIndia

ChinaRussian Federation

Ukraine

DenmarkUnited Kingdom

NorwayFinland

NetherlandsSwitzerland

GermanyGEOGRIA

IcelandSpain

AustriaCzech Republic

PolandLatvia

Luxemburg

QatarUAE

Hong KongGEOGRIA

MacedoniaRussian Federation

SingaporeUSA

AzerbaijanUK

SwitzerlandUkraine

TurkeyFrance

1 4 5 12 17 22 26 40 48 54 65 79 123 134 145

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Global Corruption Barometer (EU) 2011 Forbes Tax Misery & Reform Index 2011

12

18

41.5

52

70.9

77

78.5

85.3

100

106.8

111.2

113.6

118

167.9

Up from 112 in 2005

Source: World Bank, 2010 (Rank out of 183 countries)

Source: Transparency International, 2009 (Rank out of 69 countries)

Source: The Heritage Foundation, 2010 (Rank out of 183 countries)

Source: Forbes Business & Financial News

Up from 99 in 2005

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BUSINESS FRIENDLY ENVIRONMENT

Protecting Investors

1

5

20

59

93

93

New Zealand

USA

GEOGRIA

Australia

Germany

Russian Federation

Source: World Bank - Doing Business 2011

1

4

8

9

17

63

New Zealand

Singapore

GEOGRIA

USA

UK

Turkey

Starting a Business

Source: World Bank - Doing Business 2011 Source: World Bank report - Doing Business 2010

Starting a Business, 2010

Georgia

Latvia

USA

Turkey

Netherland

UK

Russia

Italy

Germany

Bulgaria

Ukraine

Azerbaian

33 16 5 6 6 6 6

10 6

13 6 29 8

13 9

18 9

32 9

27 10

30 12

Time (Days)Procedure (Number)

REGISTERING COMPAMY CONSTRUCTION PERMIT

IN 1 DAY

PROPERTY REGISTRATION

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Tbilisi, the capital of Georgia, is a significant centre not only in Georgia, but also in Eastern Europe and the Caucasus Region. Situated along the route of the historical Silk Road, Georgia still holds a strategic location as the crossroads of Russia, Turkey, Armenia and Azerbaijan, Europe and Asia, the Islamic and Christian worlds. Tbilisi plays a key role as an urban centre for international relations and services. The role of the city in the region has even increased after the collapse of the Soviet Union.

At national level, Tbilisi is the Capital and largest city is the country. It represents the centre of Georgian political and business life. This 16-century-old city offers a unique fusion of eastern and western, old and modern, traditional and innovative cultures and subcultures. In terms of economic output, corporate presence and share of FDI (Foreign Direct Investment), Tbilisi outperforms the rest of the country by a significant margin.

Population of the city is 1.2 mln making up 25 percent of the total population of Georgia (4.4 mln).

An upswing in economic activity has reflected in growth of real estate prices in the country, especially in the capital city. The capital’s contribution to the country’s economy is 70 percent that plays a significant role in the country’s development.

The City Government encourages real estate market development by creating favorable business environment, simplification of the privatization procedures and promotion of the city opportunities.

The most essential achievements of the City Government are liberalized and simplified land acquisition and construction procedures. The amendments made to the relevant legislation allow developers to obtain the necessary permission within three month. Nowadays, the City Government is one of the biggest real estate owners.

TBILISI

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Brief:

The Tbilisi Sea is an artificial lake in the vicinity of Tbilisi that serves as a reservoir. It provides the drinking water for a large number of inhabitants. The strategic project of “Tbilisi Recreational Zone” is planned to be undertaken by the Public Authorities In the surroundings of the lake. The project includes the creation of large green spaces, sports and recreational facilities and new housing development, transforming it into the natural expansion of the city.

Due to its particular good weather conditions and the fine breeze that flows constantly in the evenings, the Tbilisi Sea has become a popular resting place for the population during the hot summers, since its opening in 1953.

Several economic entities of HoReCa and water-sports clubs have been established in accordance to the demand, foreseeing the potential attraction of the area and enriching the recreational offers for the visitors.

Figures:

The project extends over 5,317ha, including the water surface. The lake has a length of 8.75 km and width of 2.85 km. It was opened in 1953 and has become a popular recreational spot.

Max length: 8.75 km

Max. width: 2.85 km

Max. depth: 8.75 m

Surface elevation: 650-800 m


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Objectives:

To create a major waterfront attraction of international significance;.

To create the destination for local, regional and international visitors;.

To create distinctive new districts each of which will have a unique vision, use and ethos;

To provide for sporting, leisure, business and residential uses;.

To maximize opportunities for sustainable development and technologies;

To be set within a high quality landscaped network of parkland and open space;

To create strong connections into the existing city to provide convenient access for citizens and visitors to the new districts;

The key is to shape a destination able to be the engine for the further development of the city of Tbilisi,

increasing the value of the landscape of this placement and preserving the ecological values.

Furthermore, the appropriate connection of the development with the surrounding neighborhoods will produce synergic effects, such as encouraging the practice of sports and stretching the social contact.

The Tbilisi Sea is planned as a large scale urban development called to be the up-coming opportunity for the further evolution and sustainability of the city.


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Project details:

According to the framework plan, the following subzones are suggested:

Yacht-club and whitewater rafting (52ha);

Guest Houses, Restaurants, Spa, Entertainment for the youth and Educational activities (50ha);

Beach Zone (36ha);

Underwater World (3ha);

Fishing Zone, Free Beach (28ha);

Camping (18ha);

Sport flotilla (17ha);

Regatta (20ha);


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Table 1: Functional zones of the entire recreational area

SCOPE OF THE PROJECT SURFACE

1 Zoo 55 ha

2 Yacht club 52 ha

3 Guest house, Restaurant, resting, education 50 ha

4 Trade centre 24 ha

5 Education centre 7 ha

6 Beach zone 36 ha

7 Underwater world 3 ha

8 Fishing zone. Free beach 28 ha

9 Horse-riding 38 ha

10 Tourist routs. Extreme sports 45 ha

11 Holland land 66 ha

12 English park 335 ha

13 Tourist base. Infocentre 32 ha

14 Motel 33 ha

15 Camping 18 ha

16 Golf 93 ha

17 Sport fiotilla “Elingi” 68 ha

18 Olympic village 17 ha

19 Trade centre 12 ha

20 Regatta 20 ha

21 Sports town 198 ha

22 Nursery for plants and flowers 151 ha

23 Air balloon 88 ha

24 Hang-glider. Sky diving 150 ha

Table 2: Areas within the Tbilisi Sea Recreational Zone which are to be covered under the urban planning Projects that will be prepared at the next stage

DESIGN SITE DESIGN STAGE

1 Residential Zone Building regulation plan

2 Zoo, Dendropark Building regulation plan

3Yachtclub, whitewater rafting; boarding house; restaurant; trade centre; entertainment for the youth; awareness

Building regulation plan


5 Educational Centre; beach zone Building regulation plan


7Underwater world, fishing zone, English park, horse-riding; tourist rotes, extreme sports; Hollandland

Framework plan

8 Camping, motel; tourist base, golf; hang-glider, air-diving Framework plan

9 Sport flotilla, Olympic village, Trade centre Framework plan


11 Nursery for plants and flowers Building regulation plan

12 Sport town Framework plan


note*: The attraction of the area is to be powered by the replacement of the Tbilisi Zoo from the downtown area and development of the new Dendropark.


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Highlights:

Olympic Village

After Tbilisi has been elected to Host the European Youth Olympic Festival (EYOF) in 2015, huge infrastructural projects were set to be developed, including the construction of the Olympic Village, within the capacity for 4000 participants, occupying 4-5 ha of the Tbilisi Sea area.

Technical requirements: 50 premises including, administrative unit, conference hall, residential units, dining hall, entertainment centre;Premise parameters : 2-3 floors of 150 m2 each;Capacity per premise: 24 rooms/96 persons; Inerest:We are intereseted in finding investor, hotel operator, broker, consultang group, entertainment resort operator, end-users.

THE PROJECT OF THE CENTRAL RAILWAY RELOCATION IN TBILISI

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Brief

Project of the central railway relocation was initiated by the Georgian Railway and supported by EBRD.

Site is situated in the centre of Tbilisi, carrying the importance for sustainable urban development and economic growth. The land is now available for redevelopment empowered by the decision of the state authorities. Master-plan will be designed by Consortium APUR-SYSTRA-EXA-SPECTRUM carrying the content of market study, master plan (Design Vision and Infrastructure Plan), environmental, social and financial appraisal; sales and disposal strategy.

Figures

The Railway relocation from the major to the northern part of the city will free over 85ha of land, owned by the Georgian Railway LLC.

Objectives:

It is the joint objective of Georgian Railway, the Municipality of Tbilisi, the EBRD and EU/NIF that the development opportunity will be one of the most significant changes within the City of Tbilisi in the coming 10 years. The project is aimed on the brand new site development to construct the endorsed business city.

Project details:

Completed Master plan will be subjected to open consultations providing the basis for detailed planning, phasing and infrastructural investments. Phased strategy will generate early capital receipts to plan a long term sustainable and transformational urban development vision.

THE PROJECT OF THE CENTRAL RAILWAY RELOCATION IN TBILISI

DEVELOPMENT OF THE DRY SKI RESORT OF “UDZO”

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Brief

Udzo Ski resort is situated in a 15 minutes from the capital city of Tbilisi. The advantage of being easily reachable and connected to the city makes the site attractive for different strata of business doing society. The bordering area of recreational zone gives additional opportunities for various entertainment facilities.

Figures

Site is composed of 1000 hectares, including the lake of 400 meters wide, planed to be used as a reservoir for the dry snow formation. The beginners , intermediate and professional ski slopes are planned to be constructed.

Objectives:

To construct 8 skiing lifts;

To develop the residential sites for cottages;

To drive in the HoReCa industry;

To develop the sites for mountain biking, horse riding, tracking and fishing;

Project details:

The preliminary reports of environmental, documentary and technical economic studies are done within the master plan, including zoning and engineering.

DEVELOPMENT OF THE DRY SKI RESORT OF “UDZO”


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DEVELOPMENT OF THE SKI RESORT OF GUDAURI

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DEVELOPMENT OF THE SKI RESORT OF GUDAURI

Brief

The fact of Gudauri’s rapid development that empowers the Georgian mountain-skiing tourist industry is a result of the advancement, pushed by the state officials. The ski resort is located on the southern slopes of The Greater Caucasus Mountain Range in Georgia, at the distance of two hours trip by car, from the capital city of Tbilisi. Gudauri offers high quality skiing opportunities. The slopes of the resort are completely above the tree line and are the best for free-riders. The ski season lasts from December to April.

In accordance to the existing demand, composed of 1,2 MLN Tbilisi city inhabitants, the relative majority of which are keen on skiing, plus the regional and international visitors, the development plan of the new, neighboring undeveloped site was set to the state priorities, titled as ‘New Gudauri’.

Figures

The resort is situated along the Kazbegi district near the Cross Pass, at an elevation of 2,196 meters (7,200ft.) above sea level. Gudauri lies 120 km (75 miles) to the north of the capital city of Tbilisi.

Gudauri contains several routes and lifts. The first, lower lift station is at 1,990m above sea level and the last, top station is at 3,306m, called ‘Sadzele’.

Objectives:

To develop the endorsed resort occupying the site of 113.80hectares To establish the additional raise the capacity for 8 to 10 000 visitors; To develop new ski-lines powered by three to four additional lifts; To develop the hub destination for the regional communications and tourist centers;

“New Gudauri” has great possibilities to construct ski-lines as the snow cover on the average is more than 1,5 meters. There are many reserves around Gudauri to create new lines for skiing.

Communicational developed system is already constructed. Moreover, gas pipes and lines of electricity are passing through Gudauri. Accordingly, the main job is done and it will be much cheaper to develop a wonderful resort.

Project details

The development regulation plan of the ‘New Gudauri’, considers the development of the alpine type moderns settlement, with a capacity from 8 to 10 thousand residents, on the unsettled and undeveloped alpine fields at 2000 – 2500 meters above the sea level. The ongoing works include architectural planning, engineering and the mountain type infrastructure survey, functional solutions of the territory, analysis of technological and marketing details for winter resort development.

New GudauriOld Gudauri

TBILISI SEA DEVELOPMENT DEVELOPMENT OF THE FOUR SEASON RESORT OF MESTIAGEORGIA’S MYSTERIOUS WONDER –MESTIA , SVANETI UNVEILED

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DEVELOPMENT OF THE FOUR SEASON RESORT OF MESTIA

BriefMestia-“A rustic ski wonderland on the verge of discovery” was chosen as 6th among “41 places to go in 2011” by New York Times. Being the cultural centre of Svaneti, the north-western part of Georgia, Mestia is known for its medieval monuments representing UNESCO World Heritage sites. ‘The Svanetian towers’, nowadays serving as the window of the past, were built in middle ages to protect population from snow slips and enemies. Now they serve as windows to the past. Svaneti is the highest inhabited place in the world, surrounded by 4 of the 10 tallest peaks in Europe. The now complete ski resort and a master plan have been developed by Ecosign, worldwide famous mountain resort planners. The recently built roads and a newly opened airport promise easier travel to this world renowned botanical paradise.Mestia is a full season resort presenting countless opportunities for skiing, heli-skiing, mountain climbing, snowboarding, Nordic spa, ice skating, horseback riding, rafting, fishing, hiking and hunting.

FiguresThe giant snow mountains with a total vertical drop of 988 are available for professional skiers. The resort is surrounded by the highest mountain in Georgia – Shkhara, located at 5150 meters above the sea level. The Mestia-Atsvali zone has 8 terrain pods, able to service over 9,740 skiers or snowboarders per day. The total net base development area is composed of 96.8 Ha land, including access roads, overnight accommodation, commercial space, day-use parking and the village pedestrian space. Base Land Use according to types:Village – 29.1Ha; Number of Beds 8 768Multi family/cottages – 26.4Ha; Number of Beds 3 792 Single family/chalets – 47.9Ha; Number of Beds 3 969Summer recreational houses – 23.75 HaNordic facility – 30HaDay use parking – 3.8HaThe Atsvali ski area will have 6 major lift systems for skiing including a double platter lift and five detachable quadruple chairlifts. Two moving carpets would be installed in a beginner’s zone. The total are for skier service will be spread at 9,172 m2.

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DEVELOPMENT OF THE FOUR SEASON RESORT OF MESTIA

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GEORGIA’S MYSTERIOUS WONDER –MESTIA , SVANETI UNVEILED

ObjectivesTo develop the four season resort;To drive in the HoReCa industry; Project details“EcoSign – Mountain Resort Planners”, an international brand of 35 years of the field experience prepared Mestia’s “Development Vision, General Planning and Specific Master Plan”.Offers to the investors:Land for nominal price – 1sq.m =1 USDRehabilitated roadsMestia AirportReconstructed city centre, historic and architectural heritage – “Svaneti Towers”Improved communal infrastructure (water, savage, energy).The new ski cable way constructed by Leitner-Poma Inc. Length 1400 meters. This N.1 fixed grip quadruple chairlift is currently being installed at a capacity of 1,000 passengers per hour.Three main ski trails available with difficulty levels: average (2670 meters) and above average/sports style (2600 meters)

Mestia Airport

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SPECIAL OFFER _ FREE TOURISTIC ZONE

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DEVELOPMENT OF THE SEA RESORT OF ANAKLIA

Brief Anaklia resort is located in the western part of Georgia, occupying the site along the sea resorts. The warmest subtropical climate empowers Anaklia to attract large number of tourists for unforgettable leisure time-spending.

In addition to natural advantages of dry climate and sandy beaches, Anaklia will own a modern Yacht club and glamorous hotels, located in a walking distance from the seaside boulevard designed by Spanish Company CMD Ingenieros.

FiguresAnaklia is strategically located to become the center of entertainment of the Black Sea region, Eastern and Western Europe, and the Middle East. It is easily reachable by over 300 million people via land, sea, air and has an existing port access. The site is easy accessible from the various regions of Georgia: 340 km from the Capital city of Tbilisi, 100 km from the top sea resort of Batumi, 20 km from the free industrial zone and logistic hub of Poti and 120 km from the mountain resort of Mestia. The resort will be powered by two new airports of Poti and and Anaklia-Zugdidi, planned to be delivered in the years of 2011 and 2012.

Objectives: To develop the competitive sea resort with casinos, restaurants and retail shopping;

To develop the sites for HoReCa and tourism services; To develop affordable and upscale residential homes/villas.

Project details: Following the case of the free touristic zone development, the state officials have established the unprecedented offers to the investors operating in the field of HoReCa, including: Free land (A plot of land along a seaside boulevard); Free Hotel Master Plan; No profit and property taxes for 15 years; Free casino license for the hotels with over 80 rooms; Full engineering utility networks and corresponding outdoor infrastructure such as electricity, gas, water and new roads; Mineral water from source will be available at each land plot

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Yacht Club

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Pedestrian Bridge into the Sea

FORMER PARLIAMENT BUILDING

www.privatization.ge

STATE OWNED SITES FOR SALE

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Ø The Building is located on the Rustaveli avenue, which is the central street of the town with retail facilities, cultural and entertainment points of interest and governmental agencies. It is in a short walking distance from Radisson Blue Iveria Hotel, Tbilisi Marriott Hotel, the Tbilisi Opera Theatre and the Rustaveli Theatre. A subway station and one of the three McDonalds cafes in Tbilisi are only about 5 minutes walk from the building while the distance to the Tbilisi International Airport is just 17 kilometers.

Ø The avenue is currently the bustling shopping, office and entertainment area. It is one of the most prestigious and densely populated residential areas in Tbilisi. It is surrounded by the capital’s other key residential and business districts Vera, Saburtalo and Old Tbilisi all of which are leading zones in terms of infrastructure and development as well as wealth concentration.

Ø Good access with private and public transport

Land Plot – 13 322 sq.m

Usable Space – 38 000 sq. m

Parking – 389 sq.m

Big Court – 2 000 sq.m

Small Court – 285 sq.m

Terrace (Including Starecases and Pools) – 1438 sq.m.

Basement – 12 000 sq.m.

Number of Rooms – 574

Best Location

The building is a cultural heritage site and is distinguished for its architecture, visual beauty and constructional firmness.

The overall technical condition of the building is satisfactory with no serious damages or deformations. The medium quality of the refurbishment is average.

Taking into consideration this place is ideal for the development of various business activities including but not limited to a hotel, high-class office space and a shopping center.

PRICE - $ 40 000 000

Former Parliament Building

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FOR SALEBest Location

The building is located in the most prestigious residential area of Tbilisi (Vake) where some of the richest Tbilisian families live. Until recently it was home to the Ministry of Finance of Georgia. The building stands on the terraced slope of the Mount Mtatsminda only 5 minutes walk away from one of the main arteries of the capital - the Chavchavadze Avenue where many shops and boutiques, banks, commercial offices, cafes and restaurants are located. The Vake Park, which is the largest recreational park of the Georgian capital, is just few meters away. The distance to the Tbilisi International Airport is about 20 kilometers.

Address – 70 Abashidze str, Tbilisi, Georgia

Land Space – 7 613 m2

Building Space – 7994 m2

Floors – 2

Ownership – State 100%

PRICE - $ 4 500 000

Considering the building’s convenient location is ideal for the development of various business activities including but not limited to a high-class hotel, business center, office space and a hospital.

Former Ministry of Financewww.privatization.ge

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The building is located on one of the central streets of Tbilisi, which is a continuation of the capital’s main artery the Rustaveli Avenue. It is about five minutes walking distance away from the newly rehabilitated Philharmonic Event Hall and the Amirani Cinema. The Radisson SAS Iveria Hotel, the Rustaveli subway station and the popular pub and bar area are only a short walking distance away.

The Kostava Avenue is surrounded by Tbilisi’s key residential and business districts Vera, Saburtalo, Mtatsminda and Old Tbilisi all of which are leading districts in terms of infrastructure and business development as well as wealth concentration.

FOR SALE Former Tbilisi Publishing House

Address – 14 Kostava str, Tbilisi, Georgia

Land Space – 9.447 m2

Building Space – 21.770 m2

Floors – 5


Considering its convenient central location the building is ideal for the development of various business activities including but not limited to a hotel, high-class office space and a shopping center.

PRICE - $ 12 500 000

Best Location

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FOR SALE

PRICE - $ 6 000 000

Address – 12 Chanturia str, Tbilisi, Georgia


Building Space – 8 882 m2

Floors – 11


Taking into consideration its convenient location this historic place is ideal for the development of various business activities including but not limited to a hotel, high-class office space and a shopping center.

Best Location

The building is located in the very center of Tbilisi on the main Rustaveli Avenue. It stands on the foothills of the Mount Mtatsminda and is currently home to the Ministry of Economy and Sustainable Development .It is in a short walking distance from Radisson SAS Iveria Hotel, Tbilisi Marriott Hotel, the Tbilisi Opera Theatre and the Rustaveli Theatre. Governmental offices including the State Chancellery and the Supreme Court as well as different administrative, cultural, commercial and public sites are all located on or near the Rustaveli Avenue close to the site. A subway station is only about 7 minutes walk from the building while the distance to the Tbilisi International Airport is just 17 kilometers.

Former Ministry of Economy and Sustainable Developmentwww.privatization.ge

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The site is located close to the city center on the left bank of the Mtkvari River in a densely populated residential area. It is located on one of the main avenues of the capital (the Aghmashenebeli Avenue), which is a bustling shopping and business artery of the city. Numerous shops, banks, hotels, cafes and restaurants, as well as different government, public and cultural places such as theatres and entertainment centers are located there.

The area where the site stands borders two of the capital’s other key residential and business districts Didube and Dzveli Tbilisi both of which are leading districts in terms of infrastructure and business development as well as wealth concentration. The distance from the building to the Tbilisi International Airport is about 19 kilometers.

The former Clinical Hospital building’s convenient location is ideal for the development of various business activities including but not limited to a high-class office space, a business center, an educational institution, a sports center or a hospital.

FOR SALE

Address – 60 Aghmashenebeli str, Tbilisi, Georgia


Building Space – 9 200 m2

Floors – 2


PRICE - $ 5 500 000

Best Location

Clinical Hospital of I. Javakhishvili Tbilisi State University (TSU

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ABOUT ERISTAVI LAW GROUP

Eristavi Law Group, a leading law firm based in Tbilisi, Georgia, offers unparalleled legal representation across a comprehensive range of practice areas for both individuals and business entities.

Eristavi Law Group is able to successfully resolve the most complex and challenging legal matters facing businesses and individuals today. With over 15 years in the legal field, Eristavi Law Group attorneys are acknowledged as leaders in their profession and are known for their effectiveness, skills and extensive industry knowledge.

Eristavi Law Group has not only been recognized for its diverse scope of legal services, but also for its ground-breaking legal advisory services, such as crisis management and corporate governance. The firm also has extensive experience with respect to investment and financial services, including financial structuring, corporate finance, tax advisory and planning. Eristavi Law Group lawyers provide valuable counsel on a wide range of local and international regulatory and transactional policies to investors, both foreign and local.

Eristavi Law Group is ready to assist you with your real estate, construction and engineering projects. Whatever your project may be, the firm is here to assist you every step of the way, including bid documents, construction contracts, financing, project management agreements, license agreements, claims, disputes, technology supply, environmental approvals and more! The construction and engineering lawyers offer practical and skilled legal advice based on substantial industry knowledge to get your project started and keep it on track until the close-out.

In October 2010, Eristavi Law Group joined forces with Hall Booth Smith & Slover, P.C. (HBSS), a U.S. law firm with headquarters in Atlanta, Georgia, thus becoming the first Georgian law firm to have an exclusive partnership with an American law firm. The memorandum of understanding (MOU) between the two firms was signed in Atlanta, Georgia.

Eristavi Law Group was named Georgia’s best law firm of 2009 by Sakhelebi (Faces & Names) magazine.

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Project type: Mixed use

Existing property:

Total land plot size: 7 013 sqm;

Project description:

• Total construction area: 45 000 sqm;

• Apartment sizes: 40-200 sqm;

• Underground Parking Space: 250 cars, 7500 sqm;

• Commercial space: 4 000 sqm;

• Space for Sell/ Rent: 38 000 sqm;

• Building Price per Square Meter: 500($);

• Total Building Costs: 22 500 000($);

Inerest:

We are intereseted in finding investor, hotel operator. Broker

Akuri CondominiumPRIVATE SECTOR OPPORTUNITIES

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Project Type: Hotel

Existing property:

Total land plot size: 25 000 sqm sea-side land

Project Description:

• Total construction area: 25 000sqm;

• Hotel: 200 rooms;

• Restaurants: for 150, 200, 300 places;

• Conference Halls: 100/200 sqm;

• Casino: 6 000 sqm;

• Underground Parking: 50 cars;

• Open Air Parking: 100 cars;

• Gym: 150 sqm;

• Covered Swimming Pool: 50 sqm;

• Average Building Price per Square Meter: 1 000($);

• Total Building Costs: 25 000 000($);

Inerest:We are intereseted in finding investor, hotel operator. Broker

Kobuleti Project

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Project Type: HotelExisting Property: Total land plot size: 1 500 sqm;

Project Description:

• Total construction area: 6 015 sqm;

• Gross floor area :1 000 sqm; • Residential area: 3 987 sqm; • Commercial area: 595 sqm; • Additional/supplementary area: 1 433 sqm; • Storage area: 233 sqm; • Price per square meter of the net area: 735($);• Project’s total costs: 3 368 000($); • Costs already incurred: 740 000($); • Costs to be incurred: 2 628 000($);

• Completion time: December of 2011;

Inerest:

We are intereseted in finding investor, hotel operator. Broker

Gudauri Project

Property site

Gudauri hotel

Ski lift

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Vake Park Project represents the first serviced apartment hotel in Georgia and offers unique combination of convenient location, elegant design, sustainable architecture and innovative business approach. Peacefully situated in prestigious district of Tbilisi, 200 hectare Vake Park is largest recreational zone in the downtown and is essential and iconic to Tbilisi as Hyde Park is to London or Central Park is to New York.

Serviced apartment hotel is designed in this green setting to offer convenient and peaceful short as well as extended stay. It has several apartment types: small apartments at the front of the building, duplex apartments, corner apartments and penthouses. All apartments have big terraces. The building has a restaurant, lobby and commercial spaces on the ground floor. A fitness space with sun terrace and a court yard with swimming pool are part of the services. The entrance of the building is connected to the road system of the park. The building is designed according to European standards; it has a contemporary appearance and is based on modern sustainable criteria.

The first project of its kind in the region Vake Park Apartment Hotel is looking for operator that will provide full expertise in the apartment hotel management and offer complete service package to the customers.

ABOUT WOOD SERVICE GROUP PROJECT

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Project type: Serviced Apartment Hotel• Existing property: Total land plot size – 2863 m2;

• Developer: Gudauri Ski Resort Ltd.

• Conception: Wood Service Ltd.

• Architect: Technical Design Studio Ltd, Hylke Bleeker

Project description:• Total construction area: 11 000 m2;

• Building foot print: 1727 m2;

• Apartment sizes 60-265 m2;

• Residential area: 5600 m2;

• Additional area: 1667 m2; Restaurant, commercial, fitness, lobby

• Underground parking: 60 cars;

• Open swimming pool: 75 m2;

• Court Yard: 275m2;

• Total building costs: 8 000 000 ($)

Inerest:

The site is under private ownership and investor is found, we are looking for an international hotel-operator who will join us in running the project. and our company is investing We are interesting to find international hotel operator

The building is designed in a green park setting in the Vake district in Tbilisi. It has several apartment types. There are small apartments at the front of the building, duplex apartments, corner apartments and penthouses. All apartments have big terraces. The building has a restaurant, kinder garden and commercial spaces on the ground floor. A fitness space with sun terrace and a court yard with swimming pool are part of the services. The entrance of the building is connected to the road system of the park. The building is according to European standards of projecting; it has a contemporary appearance and anticipates on modern sustainable criteria.

Vake Park Project

PB

Documents

GEORGIA PROFILE TBILISI PROFILE PROJECTS OF TBILISI ... · Ms. Vera Kobalia. 3 MAYOR OF TBILISI Ladies and Gentlemen, I am delighted to present interesting projects that Tbilisi has