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Tag Archives: m2

m2 Acquires Land Plot for Hotel, Office Space Development

Georgia Capital said Tuesday its hospitality & commercial real estate business, owned through m2 had acquired a 4,946 square meter land plot in the centre of Tbilisi for $5.34m. The company said it would use the land for a four-star business class hotel development, with a focus on business travellers. …

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2000 Electric Cars are Registered in Georgia

Driving electric car is getting more and more popular in Georgia, figures show that there are 2000 registered cars at this stage in Georgia. Turkey where population exceeds 80 million has the same amount of registered electric vehicles. According to the representative of m2 Davit Gorgiladze, around 52 battery chargers …

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M2 First Rugby Festival held at Lelo Arena

Company ”m2 Real Estate” held children’s rugby  festival at Lelo Arena. 8 teams comprising 11-12 year old rugby players participated in the festival. Among them were “Lelo”, “Academy”, “Armazi” “Kharebi”, “Tbilisi”, “Tsikara” and “Tigers”. The winner of the festival was “Lelo”. Company M2 started to support Georgian rugby club since …

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Company M2 Real Estate Purchased Hotel in Gudauri

 Company “m2 Real Estate” announces the purchase of the hotel in the winter resort Gudauri. M2 invested 7.2 million USD for total operation. ”BK Construction” will carry out 134-room hotel construction. According to plan, hotel will host first guests at the beginning of winter season of current year. The development …

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m2 May Complete Unfinished Development Projects of Center-Point

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 …

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M2 Real Estate to Build Hotel in Telavi

The 3rd of April, 2018 – m2 Real Estate company plans to build a 130-suite hotel in Telavi, Kakheti Region, in two years. The company plans to develop  attractive space for tourists, local residents  and Georgian citizens, in general. m2 has already bought a 8512 square meter territory, where old …

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M2 to Replace Post Soviet Buildings

M2 works on replacement of post soviet buildings AKA ”Krushchovka”. The head of the development company M2 Irakli Burdiladze made the corresponding statement live on Business Morning. According to him, negotiations with Tbilisi City Hall are already underway and they have it ready replacement project on Kavtaradze and Vazha Pshavela. …

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Bank of Georgia Subsidiary M2 Killing Competition in Development Business

m2

The issue of ownership of noncore assets by commercial banks maintains relevance. Besides Georgia, many other countries have been monitoring involvement of commercial banks in various noncore activities for many years. These countries have set various restrictions. Thus, this issue is relevant in   many other countries, not only in Georgia. …

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19 Luxury Skyline Residence Flats, and New Projects From m²

Shorena Darchiashvili

More than 50% of the flats in Skyline Residence have already been sold! The first premium-category project by m² Real Estate is being carried out at an exclusive location in the Sololaki district, near the Mtatsminda Park. The residential complex will include 19 elite flats. Together with the premium segment, m² …

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M2 to list Bonds of 25 mln on the Stock

M2 to list Bonds of 25 mln on the Stock

m2 announced on listing the final emission on Georgian Stock Exchange. Bonds of 25 million with 3 years maturity will be placed with unprecedented yield – 7,5%. The company links it to the increased demand and trust of the investors. However, the bond rate (7.5%) of “m2 Real Estate” is …

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M2 to Open Ramada Encore Hotel in Kutaisi

M2 to Open Ramada Encore Hotel in Kutaisi

M2 will unveil a 3-star hotel of Ramada Encore brand in Kutaisi, after Tbilisi. As reported, M2 company owns exclusive rights for developing Ramada Encore brand hotels in Georgia. Hotel construction works are underway on Kazbegi Avenue in Tbilisi. The project’s investment value is 13 million USD. The building will …

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M2 to Implement New Project on Gelovani Avenue

M2 to Implement New Project on Gelovani Avenue

M2 development company plans to laucnh a new project on Marshal Gelovani Avenue in Tbilisi. General plan of the project is being developed at this stage and the plan will be introduced in about 2 months, the company director general told the Business Contract. “We will have a final design …

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