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Tag Archives: m2

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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M2 will Start a Construction of New Hotels in Tbilisi and Kutaisi

Developer company M2 is planning to build 3 hotels in Georgia. As general director, Irakli Burdiladze declared, American brand Ancor construction of 152 rooms hotel will be completed next year in November. The second hotel will be located on Melikishvili 10. The company is now waiting for permission and after …

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IFC is Providing a $7 million Loan for Construction of 3-Star Hotel

Georgia is continuing to develop its hospitality infrastructure by developing the mid-market hotel sector. Local property development company m2 Residential LLC received a $7 million USD loan package from the International Finance Corporation (IFC), a member of the World Bank Group, to fulfil fund and build a new mid-range hotel. …

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