m2 Real Estate and Center-Point company have signed a preliminary agreement, under which if Center-Point fulfills certain terms within 6 months, M2 will launch construction works in unfinished complexes of Center Point and complete the works in 3 years.
According to m2 plan, if the agreement conditions are fulfilled, m2 will act only as a construction works provider company, hired by Center-Point. In exchange Center-Point will transmit free real estate to m2. As to damaged customers, this issue will be resolved by Center-Point itself.
By request of Center-Point, we have developed this plan for resolving this sharpest social challenge through tight and coordinated cooperation between our company, Center-Point and Government. This project is less attractive in terms of financial component, but it is important for us in terms of social capital accumulation.
M2 wishes to assist damaged 4000 families, society, Center-Point company and Government in resolution of this multilayer and complicated problem», m2 director general Irakli Burdiladze said.