On March 11, the construction works on-site at Mirtskhulava Street has been started by "m² Group". The first working day was opened by the mayor of Tbilisi, Kakhi Kaladze, the event was attended by representatives of Tbilisi City Hall, the initiative group "m² Group" and the suffered residents of “Sveti”.

The construction works on the remaining facilities of “Sveti” will be resumed on a staged basis. Thereby, after five years of waiting, the reality of many people has been changed radically, and now, through this process, they are the future residents of "m² Group". This is the final purpose of the agreement indeed, signed between the "m² Group" and the Tbilisi City Hall. As a result, up to 2,500 affected families will receive their apartments within the agreed deadline.

“Today is a great day. I would like to congratulate everyone on this day and wish success. We have worked for a long time to reach this agreement, and we have been able to come to this day. Therein, we had many disappointments, but we did not give up”.

We always knew and believed that we could do it. This is the best precedent. Our approach to all the suspended constructions in the city and to the citizens affected by the companies will be similar - we will help everyone to the fullest extent possible, support them to return their houses. In this case, we are talking about 2,500 families.

Many of our citizens were moved to foreign countries, where they worked strenuously, tormented to help their children and families. And one day, they realized that they have lost everything, but thanks to our involvement and support of the state, this problem has been solved today. Within three years all will be completely settled, and the affected citizens will have their own houses," - said Kakha Kaladze.

In order to complete the constructions, the "m² Group" will undertake the liabilities on constructions of three suspended projects of “Sveti” located in Tbilisi (Mirtskhulava Street No.9-11, Nutsubidze Street No.125A, Chkondideli street No.22).

The investment value of the project is 250,000,000 GEL and is fully funded by the "m² Group" and the construction and engineering works of the buildings will be implemented by “BK Construction”, the construction company of "m² Group".

"Unaccomplished constructions and thousands of affected families are a serious social problem, both for the city and the country and for every citizen. Therefore, first of all, it is a social project for us. As an investment company, we take responsibility for both the financial and administrative processes. 

"m² Group" has many years of experience in both construction and development. Various successful projects are associated with our name, and now we are glad that within our public liability we were able to support the city hall and contribute to the well-being of 2,500 affected families.

Completing the construction of buildings is the most important process for us. Accordingly, we are fully aware of the commitments undertaken before society and the city. We will spare no effort, actions, and experience to complete all projects successfully to allow all affected citizens to receive their own apartments within the agreed timeframe. Once again we thank the city hall and the initiative group for the expressed trust, I believe in the professionalism of my team and I am sure that the current project will have success for everyone,"- said Irakli Burdiladze.