The city moved to nature

JSC Lisi Lake Development

Investment Conference

Italy, April 12-13, 2012

Mrs. Tamar Kirvalidze

Project Summary - 355 hectare land plot - 10 minutes drive from city center - Potential to build over 5,500 homes and apartments - Total built area in excess of 1.1 million m² - Gated community concept - Lifestyle amenities: social, commercial, retail, health and leisure - 2 discrete sub-projects: Lisi Lakes (mostly villas) and Lisi Hills

(mostly apartments)

Tbilisi, Georgia

Lisi Development Largest real estate development project in Georgia

Project Scale comparison

Lisi Lake, Tbilisi

New York London City

Paris Amsterdam

Venice Tbilisi

new road to be built by Municipality 2012-2013 new road built by Municipality in 2010

existing road reconstruction by Municipality 2011

Ten minutes from City Center Located on the crossroad of the City’ central and commercial districts of Digomi

Proximity to the city infrastructure while being outside the city traffic Gated community – city within a city

Lisi Lifestyle

Lisi Recreational Area Development

The total area of Lisi site is approximately 400 ha (including the lake) and contains one of Tbilisi’s famous thermal springs. Lisi Lake is only a ten minutes drive from the center of Tbilisi. It started to operate in early 1930’s and was acknowledged as one of the city’s most popular and best developed leisure areas during the Soviet era. The lake and its surrounds, with its two underground water springs, offers the cleanest environment around Tbilisi and were well known for the beaches, sports facilities, children’s playgrounds, restaurants and other leisure amenities. The fauna at Lisi Lake and the adjacent territories is one of the most interesting and diverse in Tbilisi. The territory serves as a shelter to many types of birds during their nesting period, as well as during the migration and winter time. Small birds such as sparrow, in addition to such animals as fox and rabbits together with unique butterflies all inhabit Lisi Lake and the surrounding territory. Some of these animals and birds are listed in the Georgian Red List (2003) and in the International Red Book (2004). Lisi Lake is also considered as one of the “Bird watching Sites” of Georgia. Due to the Lisi Lake and the surrounding area range from 615 to 730 meters above sea level (Tbilisi ranges from 380 to 600 meters above the sea level), the temperature is 3-4 degree cooler than in average in Tbilisi during the summer period, which makes this place attractive for leisure. Lisi Lake Development has initiated the project of Lisi recreational area development which consists of sports facilities (walking and bicycle trails, soccer field, tennis courts, sand volleyball), as well as other leisure facilities (recreational zones, beach, thermal bath, open cafes, boating and fishing amenities). The first stage is to be initiated in 2012 and be completed in 2013.

Residential Development Project Lisi Veranda - First phase 40 hectares project, cost $120 mln , completion 4-5 years - 5 hectare site – next to the new road and overlooking Tbilisi - 5 hectare project - 110 units, sizes range from 70 m² to 450 m², 80 apartments,

19 townhouses, 2 commercial units, 5 loft-office building, 6 villas - Social and leisure facilities - Total built area of circa 22,000 m² - 5 hectares project cots $22mln - $ 15 Million financing form FMO (residential units) - Project completion beginning of 2013 - Design prepared by leading Georgian and US Architects and Developers

Architecture and Construction Architectural and landscape design concepts prepared by leading Georgian and foreign architects

Up to 80% of green areas in overall site development Advanced green technologies and European quality materials used during construction process

Green Town Views

Night view from MediClubGeorgia Research & Training Centre Building

Ongoing Projects - The Guivy Zaldastanishvili American Academy in Tbilisi

The Guivy Zaldastanishvili American Academy in Tbilisi is a private high school, enrolling 220 students, grades 9 through 12. The mission of the school is to help bring Georgia into the 21st century by preparing its children to compete on a global scale, both locally and in schools abroad.

JSC Lisi Lake Development has engaged in a joint venture with American Academy (a very prominent high school in Georgia) which intends to build new facilities and a campus on the land owned by the company. The company contributed 1.5 hectares of land with the construction started in April 2011 and to be completed in 2012. The building process consists of two subdivisions: the first part of the project consists of classes and labs, a library, Art studio that is for art/music/religion, PC – room, cafeteria, student lounges and a short termed multifunctional hall that will be for sport and assembly. The second part will consist of music rooms (practice; rehearsal), Art/music history room, halls (auditorium/theatre; drama studio; multipurpose gym), and a bookstore. There will be also external facilities like an outdoor swimming pool; a green house; a football pitch, a multipurpose field and four tennis courts

Batumi Casa by Micelle De Lucchi

Bridge of Peace by Micelle De Lucchi

Tbilisi Central Station – Shopping Mall

Freedom Square N7

Concept Design by – SeARCH

Gurieli Export- the largest exporter of tea in Georgia

Château Mukhrani was founded in 1878 by

the Prince of Mukhrani, heir of the Royal

family of Georgia, Bagrationi. Château

Mukhrani has become renowned over the

world for its splendid palace and cellars,

wonderful gardens and pristine vineyards

and farms.

History

Descendant of Bagrationi Royal Family Ivane Mukhran-Batoni

(1812-1893) was Lieutenant General of Russian Imperial Army,

Governor of Western Georgia, prominent Georgian entrepreneur

and founder of new traditions in Georgian Winemaking.

Photo by Gigo Gabashvili

Beginning of the 20th century

The Famous Mukhranbatoni Palace in Mukhrani (1875-1887) is a

proof for his taste, wealth and his style of life. For many years the

Palace served the gathering place for many prominent Georgian

political and cultural bright minds.

Destroyed during the civil war in the early 90’s a

complete restoration of the castle and domain were

initiated in 2003.

Restoration

The vineyards of the Chateau

are located on the best

selected plots of this exquisite

domain and are just adjacent

to the winery. During the

harvest, the lead-time from

grape picking to reception and

crushing at the winery lays

within 7 to12 minutes. Here

wine has been cultivated for

centuries. Archeological

excavations in this region have

found traces of wine-making as

far back as the Stone Age.

Vineyards

Mosaic from an antique city of Dzalisa (II BC – IV AD)

The image of Dionysus in the vicinity of Mukhrani Estates

Winemaking is an ancient tradition in the Mukhrani area. Important

remnants of the antique city of Dzalisi (II BC IV AD), in the vicinity of the

Mukhrani estate, indicate that early men mastered and highly

developed the art of winemaking.

The reconstruction of the château is one of the main projects of the

company, which apart from aesthetic pleasure, will enable the

company to create a tourism center, receive guests with Georgian

traditional hospitality and offer exquisite wines.

Our Renovation

Our Renovation

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Events in Mukhrani

Château Mukhrani is the authentic, historical leader, in

the Georgian wine industry. Since the very beginning, starting with

its founder the Prince of Mukhrani, it has always been the leading

brand, combining local traditions and contemporary technologies to

revolutionize the quality of Georgian wines.

Benvenuti in Chateau Mukhrani