6 NOV, 2019
GEORGIA CAPITAL PLANS TO DEVELOP A NEW DIRECTION IN THE REAL ESTATE MARKET

On November 7, the development of a new direction in the tourism sector and the plans of “m² Group” in the real estate market were discussed at the press conference held at the construction site of Kempinski Hotel. Georgia Real Estate Holding (GRE) is a kind of platform for the investment company Georgia Capital, which will combine the two largest directions in the real estate market, namely, “m² Group” and hotels and tourism. The company continues to invest actively in Georgia both in the areas of hotels and tourism and residential real estate development.
From now on, the position of the Director-General of “m² Group” in the real estate market will be held by Shota Berekashvili, Head of the construction company “BK Construction”, having 27 years of experience in this field. Georgia Real Estate Holding will be headed by Irakli Burdiladze, who, in his turn, has already created a success story for the development sector and still heads the company that is a leader in the real estate market.
At the press conference, Georgia Real Estate Holding CEO Irakli Burdiladze said the company enters the tourism sector with a new Georgian brand, namely, Amber Group, which will focus on the unique Georgian culinary and the traditional Georgian winemaking and will promote Georgia internationally.
Georgia Capital continues to invest in Georgia and we believe that this country has the greatest potential for the development of tourism and real estate. Over the next five years, we plan to invest USD 540 million in these areas through Georgia Real Estate Holding platform.
“It is noteworthy that we see serious prospects for development in the field of tourism. That is why we have established a strong team and we are planning to open 11 hotels in the most beautiful regions and the capital of this country. USD 130 million has already been raised for this purpose. I believe that the investment of this magnitude is important both to us and to the country, as the tourism development contributes to the creation of an additional infrastructure in this country and the development of related sectors”, - said Irakli Burdiladze, CEO of Georgia Real Estate Holding.
“As you know, we are already developing the area tailored to modern urban needs, and the next area is in the planning stage. Overall, we will invest USD 410 million in the framework of innovative projects. The challenges are quite great, but we believe that this will enable us to better explore all the fundamental sectors of the real estate market. We strive to be constantly one step ahead following the customer's needs. Our experience of many years and the team of professionals who have created a real estate success story in this country make it possible for me to say this”, - said Shota Berekashvili, CEO of “m² Group”.