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Land with a total surface of 12 Hectares in Tsavkisi village in Tbilisi area, Georgia is located only 15 minutes driving distance from the center of Tbilisi

  • In the surrounding of the land, a local developer   has started to develop residential neighborhood - The "Tsavkisi Valley" and The "Tsavkisi River"

  • Terra 1 Group plans is to develop a gated neighborhood of private houses and started with the zoning and planning procedure;

  • The plan is to build 209 residential Units and commercial center with the total surface (approximately) of 50,000 m2

  

Strengths

  • The land is located only 8 Km from the city center on the southern mountains, which are surrounding the city

  • The city view from every place in the land to be viewed with the surrounding of forests and spring waters

  • Due to height of the land (850 meters above the sea level) there is comfortable climate and mild temperature

  • Due to the territory infrastructure development by the residential projects nearby, the infrastructure costs will be lower

  • Tsavkisi area is recommended by medical doctors for patients having cardio logical problems

  • Lack of huge plot as one piece for developing neighborhoods

  • The project will be a third stage at the area with proven sales of the earlier stages

 

Proposal

12 hectares of land plot for sale – could be sold partially

Tsavkisi Village

Residential Properties

Multifunctional facilities/Hotels

Former Restaurant Aragvi
Potential applications - Multifunctional complex

Multifunctional projects developed in years 2006-2009. It was planned that area of 130,00 sq. , would be used for Park Hyatt project, stage I included hotels, offices, residential house and conference center; Stage II included residential skyscrapers and Stage III included medium sized shopping mall. During this time important part of the ground works have been completed. Detailed architectural project was developed by company BBG-BBGM, which has offices in New York and Sydney.

Potential applications – Shopping mall

As an alternative concept of construction multi-stage building with 50,000 sq. m. in one of the parts of the land area was developed project of the shopping mall by company Architect Yorgos Andreadis, based in Athens.

Potential applications – Hotel and office center

As an answer to the technical-economic research conducted by company BDO, which has defined an exceptional need for offices of class “A”, with parking spaces and also business type hotels, sponsor of the project suggested development of relevant concept next to the Queen Tamar Bridge.

Concept suggest construction of office space area of 10,000 sq.m., Hotel consisting of 180 rooms, and parking space for 500 cars.

Proposal

  • Investor proposes a plan for land area development, which is acceptable for land owners;

  • The total project is rated in 5 million US dollars and sponsor enters the project with this share;

  • Investor bears investment liability and parties sign the mutual agreement for mutual accomplishment of the project.

Machabeli property

Project is located in old Tbilisi region (Center of the Capital); Surrounded by historic places and amazing sights, you can observe amazing view of old Tbilisi from here. Construction of historic building was destroyed, except for façade and new concrete structure was constructed. Historic façade of the building will be renewed.

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Area: 3,700 sq. m.

 

Sales price: 3,100,000.00 US dollars

Aghmashenebeli ave. 44 property

Project is located in the center of Tbilisi (Center of the Capital); Surrounded by historic places and amazing sights. The building is located in the renovated part of Tbilisi, with the easy access of public transport. 

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TOTAL AREA - 3835m2

ADDRESS: Aghmashenebeli ave. 44

TYPE OF SALE: Auction

CURRENT BID: 1 GEL

INCREMENT: 10,000.00 GEL

GUARENTEE: 300,001.00 GEL

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  1. Total amount of privatization should be payed within 45 days after auction completion;

  2. 3,000,000.00 (Three million) GEL should be transferred on an account of Georgian Post (I/C 203836233) within 45 days after auction completion;

  3. As the buyer get the building/reconstruction permit, buyer is responsible for construction of the hotel with not less than 30 rooms personally or with the aid of the third party, within 36 (thirty-six) months after building permit is issued and not later than 42 (forty-two) months after signing the agreement;

  4. Investment of not less than 5,300,000.00 (Five million three thousand) GEL in order to accomplish requirements of the paragraph “C”;

  5. Within three month after signing the agreement relevant agreement should also be signed with the National Agency for Cultural Heritage Preservation of Georgia on the subject of care and maintenance of the historic monument;

  6. Within 42 months after signing the agreement with the Georgian Post (I/C 203836233), area of not less than 50 sq.m. should be given to the Georgian Post for managing exhibition hall and within 1 month an agreement should be signed with Georgian Post (I/C 203836233) on a subject of transferring the area to Georgian Post for no cost for not less than 20 (twenty) years;

  7. Within a 1 (one) month after accomplishment of privatization terms given in paragraph “C”, area of not less than 5 sq.m. Agreement should be signed with Georgian National Tourism Administration of assigning to it relevant space on the first floor of the building for no cost for not less than 10 (ten) years;

  8. Buyer is also responsible for gifting 2 (two) flats to the individuals, actually living on the area on an exchange of moving out of the property. Not less than 90 sq.m. flat with the refugee status, and not less than 30 sq.m. flat to the individual without the refugee status.

  9. Within a month after completion of the paragraph “C” not less than 30 (thirty) individuals should be employed with not less than 10 (ten) years’ period. 

Moreover, a buyer is obliged to submit unconditional bank guarantee 10 % of investment, mentioned in paragraph “D”, within 1 month after the end of the auction, in guarantee of fulfill the privatization conditions  “A-I” which ensures its validity period,(including , secure to pay  penalty in case not  fulfilling privatization conditions ) .The period of bank guarantee should exceed investment (mentioned in sub paragraph “C”" fulfillment period with 4 (four )months.

Aghmashenebeli ave. 44 property

Project is located in the center of Tbilisi (Center of the Capital); Surrounded by historic places and amazing sights. The building is located in the renovated part of Tbilisi, with the easy access of public transport. 

 

TOTAL AREA - 2796m2

ADDRESS: Uznadze str. 14

TYPE OF SALE: Auction

 CURRENT BID: 800,000.00 USD

INCREMENT: 5,000.00 USD

GUARENTEE: 800,000.00 USD

a) To pay privatization price according to the following schedule:

a.a) To pay no less than 30 % of the privatization price, within 11 months after signing the proper agreement.

a.b) To pay rest of the privatization price, within no more than 24 months after signing the proper agreement.

b) within no more than 16 months after obtaining the proper construction permit from the LEPL National Museum of Georgia (afterwards “the museum”), according to the agreed project and terms, on the state-owned land which is indicated by the museum, on the basis of developed project documents, in agreement with the museum, for the archeological center of the museum to equip no less than 1600 sq.m. building (which includes, (but may not be limited to)with  Lift (s) and the ramp (s), the necessary heating / cooling / ventilation / humidity control depot(s) of Paleobiology , geology and archeology depot, paleobiology and geology, as well as desk-processing laboratory / laboratories, darkroom (s)(workshop used by photographers), warehouse (s), the technical area (s),areas for  a library, a cafe-bar ( s) and various-purpose rooms) free of charge, to build to the state , renovate, equip and also build no  less than 240.00 sq.m. garage, no less than 60 sq.m. stotage room and no less than  120 sq.m. terrace.

c)   on the privatization land or/and on the part of it, within 24 months after obtaining permission documents, but within no more than   30 months  after signing the proper agreement, build multi- purpose complex (which includes, (but may not be limited to) 100 –room hotel, commercial areas, bring into exploitation , equip, start function and  landscaping  the yard (which includes, (but may not be limited to)to fence transferred property or the part of it, planting , set up outdoor lighting and parking intended for no less than 20 vehicles.)

a)  A Buyer , within 30 months after signing the proper agreement, is obliged to invest 6 000 000 US Dollar equivalent in GEL, in order to fulfill privatization conditions mentioned in paragraph “C” .

D) Within 4 months after fulfilling obligation of the paragraph “C”, to employ no less than 30 people  for no less than 3 years, in the above mentioned multi-purpose complex.

 

Also, a buyer is obliged to submit unconditional bank guarantee 5% of total investment, mentioned in paragraph “D”, within 1 month after the end of the auction, in guarantee of fulfill the privatization conditions ‘A-D” (including, secure to pay  penalty in case not  fulfilling privatization conditions ) .The period of bank guarantee should exceed investment (mentioned in paragraph “C”) fulfillment period with 4 (four )months

Aghmashenebeli ave. 89/24 property
Gudiashvili Park properties
Betlemi str. Property
Aghmashenebeli ave. 138 property
Tbilisi Balneology Resort
Tskneti Properties
Kakheti Highway Properties
Sanapiro str. Properties
Titan City Project
Titan City Project

Shopping facilities

Technoboom Facility

October 2014, Technoboom bought the 200,000 sq. m. land plot for the consumer electronics hypermarket construction. To date the company has completed engineering and design works and acquired construction permit. Total investments and debt to date amounts to USD 4,400,000.

 

The building total gross area is 17,050 sq.m. out of which:

  1. -1 Level floor - warehouse 8,000 sq.m.

  2. 0 Level floor - consumer electronics hypermarket - 8,000 sq.m.

  3. 1 Level (mezzanine) floor - office - 1050 sq.m.

Needed Financing: USD 4,500,000

Use of funds: 

  1. Facility construction

  2. Facility furniture and fixtures

  3. Utilities construction and connection

  4. Parking area construction

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Proposal

  1. Joint venture is established with 50/50 equity split;

  2. The Project Sponsor transfers land and facility design into the joint venture entity ownership (equity contribution);

  3. Investor invests USD 6,000,000 in facility construction and facility infrastructure construction/installation;

  4. The Project Sponsor buys back 50% of the joint venture equity from the investor at fixed price of USD 12,000,000 after 4.0 years from the initial USD 6,000,000 transfer date.

State Projects

Georgia Logistics Hub

The project aims to sell the property or to co-develop multimodal logistics and business park including Free (light) Industrial Zone ("FIZ") for Assembly, branding and Storage with direct access to Tbilisi airport, railway and main roads. The current project sponsors are looking for development partnership with experienced logistics hub developers and operators.

The following are the project’s basic parameters:

Land size – 45 hectares

Airport proximity – 200m to Tbilisi International Airport area, 400m to runway

Railway Links – Railway track goes inside the territory, directly linked to the Georgia’s main railway lines <100km to Azerbaijan and Armenia, <200km to Turkey

Motorway – located within 1km from the main road – connecting Tbilisi Airport to Tbilisi center and Tbilisi bypass

Potential built area: - > 750,000 sq. m.

Ownership – private

FIZ license – In progress

Invested equity to date – USD 12 million

Development budget

                  Phase 1 – USD 5 Million

                  Phase 2 – USD 20 Mission

Potential annual income from renting the plots – USD 5 Million

Number of employees in the FIZ - 5000

Development schedule – 3-7 years

Total indirect investments in the FIZ by the enterprises -  >250,000,000US$

Free trade Regimes – EU, Turkey, CIS countries

 

Why Tbilisi Airport City Free Industrial Zone

  • The treaties of Georgia with EU and USA provide the best in the region opportunities to be the Gateway to Europe for the eastern and Chinese markets

  • Profit Tax exemption for the enterprises registered in FIZ

  • Property Tax exemption for the enterprises registered in FIZ

  • Vat Tax exemption for imported goods into FIZ

  • Customs Tax exemption for imported goods in FIZ

  • Customs Tax exemption for goods manufactured in FIZ and exported to the territory of Georgia

  • Personal Income Tax on self-declaring bases for FIZ enterprise employees

  • No foreign exchange /trade control

  • No restriction on capital repatriation

  • Tailor made flexible terms on leasing and/or owning the land in FIZ

 

Proposal

  • The project sponsor sells the property or offers to co-develop multimodal logistics and business park including Free (light) Industrial Zone ("FIZ") for Assembly, branding and Storage with direct access to Tbilisi airport, railway and main roads. The current project sponsors are looking for development partnership with experienced logistics hub developers and operators.

  • Total land Size – 45 hectares

  • Could be sold in smaller sizes but not less than 1 hectare of land

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