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Real Estate

Tbilisi City Hall Suspends Construction of Sveti Complex

Sveti development company was building a residential complex of Sveti in Didube without due building permit. As a result, Tbilisi City Hall supervisory office has halted the construction works because of violation of project parameters. As resultant, the company clients, who have paid money for apartments in advance, demand explanations …

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Whether New Buildings Are to Be Dismantled – Developers Respond to Seismologists and Geologists

Real estate

Construction boom has overwhelmed the capital city, but the process may bring disastrous outcomes. Geologists and seismologists warn against threats that may arise after earthquakes. Problems come from chaotic and uncontrolled construction process. Specialists assert that a major part of new buildings cannot withstand even medium-power earthquake. Problem consists in …

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Georgian Posts’s Former Office Sold for GEL 2,22 million

Former Georgian Post Office ‘s state property of 137 sq.m which is located on Leselidze str, was sold for 2 222 000 GEL. 20 customers took part in electronic auctions and the winner was revealed after tense trade after 936 bits. The starting price of the property was 350 000 …

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Regus Business World Membership Cards Offers Access to 3,000 Branches

International Office Provider REGUS has already been established in Georgia, serving customers in Tbilisi’s most prestigious, active and dynamic part of town (2 Leonidze Street, business center ‘Tabidze 1’, 4th floor,) and offers the ideal working environment. “Our global network is expanding annually. All business people need an ideal environment …

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Colliers International Georgia and Cushman & Wakefield Georgia Plan to Carry Out Joint Classification of Offices

Global real estate services companies Colliers International Georgia and Cushman & Wakefield Georgia plan to carry out joint classification of offices in Tbilisi, Property Georgia reports. At this stage the two companies are developing the criteria based on which modern business centres across Tbilisi will be evaluated. Within the framework of the project; the …

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Virtual Office from Regus – Simplifying the Way Business is Done

Virtual Office – a project that allows business people to reach and connect with partners around the world without the need for face to face meetings. In fact, Regus Virtual Office offers the ability to access different businesses and offices to anyone with this system already established around the world. …

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Real Estate Price has Decreased on Pekini Avenue

The price of real estate on Pekini Avenue has decreased, and the owners of shops located there complain about the reduction of realization. The lease price of commercial real estate on Pekini Avenue in 2017  decreased by 9% compared to the previous year, while the vacancy of the premisesby 7%. …

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Property Georgia: 10 Questions to Ask Before Choosing Office Space

Porperty Georgia first online property guide portal publishes ten questions everyone should ask before choosing an office space. Is it the right location for my key employees? Is the location convenient for clients and partners? In case of increasing number of employees, do you have chance to expand spaces? How …

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Developers Should not Spare Funds for Construction Safety Norms

In his interview with the Business Morning Irakli Kilauridze, director general of Colliers International Georgia, talks about positive and negative tendencies on Georgia’s real estate market. He made emphasis on construction safety norms and their improvement mechanisms. Construction works supervision is one of the key directions for Colliers, Kilauridze noted. …

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Colliers: Land Price will Rise in Central Part of Tbilisi

Land price will rise in the central part of Tbilisi, Irakli Kilauridze, director general of Colliers International Georgia, noted. Cities grow in size and they are developed in Georgia, however, this process is mainly emphasized in the capital city, Irakli Kilauridze said. “Urbanization level gradually grows and this is inevitable …

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Tbilisi Mayor: 54 Construction Projects were Suspended because of Violations

Tbilisi Mayor Kakha Kaladze noted at the Tbilisi Government meeting that statistics of construction violations in the capital city is troublesome. He referred to the statistics that records violations from November 20, 2017 through January 17, 2018. Municipal Surveillance Office has given verbal warning to more than 200 projects, legal …

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