Economy
Posted: 1 week ago

Companies that Buy Property under Privatization Program – Updates

Ministry of Economy and Sustainable Development has already sold 38 properties as part of the 100 Properties for Business state-run program.

According to LEPL National State Property Agency, 20 properties were bought by legal entities and 18 ones by physical bodies. They have bought land plots and buildings on them. Five of them are major investors: Ashendi Group, Aigvinissakhli (bought Mestia presidential residency), H Group, Ipkli Digomi. One of the physical bodies bought a land plot and buildings on it for 2.700 million GEL in Tbilisi.

Total value of the sold state property exceeds 47 million GEL.

Companies and organizations that have bought state property (in GEL):

1. Ashendi Group - 10 005 000

2. Aigvinissakhli - 7 510 000

3. H Group - 3 708 000

4. Ipkli Digomi - 3 085 000

5. Georgian National University - 2 505 000

6. Q Group - 1 888 000

7. Novo Development - 864 000

8. Ipkli Digomi - 1 177 000

9. Villa Delux - 782 000

10. Kutaisi Textile - 800 000

11. Demas - 514 000

12. Georgian Product - 15 500

13. Orbi Group Bakhmaro - 2 543 000

14. Gilda - 220 000

15. Binuli 2008 - 1 123 000

16. Distribution company Old Kakheti - 1 051 000

17. LLC Tsn2 - 49 000

18. LLC GSC - 720 000

19. LLC Grape Fund 1 - 201 000

20. Merani football club - 534 000