The company has completed 7 projects this far. For the time being, the company manages 9 projects, namely: m2-the construction of the residential apartments under construction on Chubinashvili Street and 8 the management of 8 hospitals.
m2- residential apartments of modern design, is located in one of the oldest and picturesque districts of Tbilisi, on 68 Chubinashvili str.
Shopping centers “Tbilisi Central” and “Karvasla” are at hand. Total area of the site is 4,593 sq.m. Six-storey-building placed on the site is well adjusted to the landscape and smoothly merged with the settings with its architecture and spatial solution.
| m2 apartments |
| Land area |
4 593 sq.m |
| Construction premises |
14 366 sq.m |
| Construction start date |
Fall, 2010 |
| Construction due date |
August, 2012 |
For further information please refer to the web-site: www.m2.ge
Project management for the hospitals for JSC “Aldagi BCI”:
| Hospital in Kutaisi |
| Construction area |
8 000 sq.m |
| Project duration |
18 months |
Compleated Project management for the hospitals;
| Hospital in Terjola |
| Construction area |
1 300 sq.m |
| Project duration |
13 months |
| Hospital in Tkibuli |
| Construction area |
1 300 sq.m |
| Project duration |
13 months |
| Hospital in Poti |
| Construction area |
1 200 sq.m |
| Project duration |
5 months |
| Hospital in Lagodekhi |
| Construction area |
1 300 sq.m |
| Project duration |
12 months |
| Hospital in Tsnori |
| Construction area |
1 900 sq.m |
| Project duration |
12 months |
Car Market in Rustavi
| Car market in Rustavi |
| Land area |
24 sq/f |
| Start date |
May,2011 |
| Due date |
December, 2011 |
Lilo 1, Lilo 2 warehouses:
- Industrial property located on the airport highway comprised of the total of 28,327 sq.m of land and 9,195 sq.m of furnished warehouses with a separate railway interchange.
- Lilo district has been traditionally designated for logistics, due to its close disposition to the Tbilisi international airport and railway main.
- JSC “SB Real Estate” renovated the warehouses to meet the “B” quality category. One of them serving medium and small businesses, while another designated for the storing and archiving needs of JSC “Bank of Georgia”.
- Lilo warehouses are secured 24/7 and equipped with modern fire prevention and security systems. Average occupancy rate for the warehouses exceeds 90%.
| Lilo 1 warehouse |
| Land area |
18 653 sq.m |
| Construction premises |
6 702 sq.m |
| Project status |
Completed in 2007 |
| “SB Real Estate” Property |
100% |
| Occupancy rate |
90% |
| Lilo 2 Warehouse |
| Land area |
9 692 sq.m |
| Construction premises |
2 493 sq.m |
| Project status |
Completed in 2007 |
| “SB Real Estate” Property |
100% |
| Occupancy rate |
100% |
Office Space in Tbilisi, Aghmashenebeli Avenue:
- 4-storey-building with a commercial area of up to 1,050 sq.m. is located in the central area of the city with a lively neighborhood of many trade and business centers;
- The company renovated the building to meet “B” quality category office space.
| Office Space on Aghmashenebeli Avenue |
| Construction premises |
880 sq.m |
| Project status |
Completed in 2007 |
| JSC “SB Real Estate” Property |
100% |
| Occupancy rate |
100% |
“Gldani Mega Center”:
- Gldani Mega Center is situated in one of the most densely populated areas of Tbilisi, adjacent to the Tbilisi underground, among the main streets of the district.
- The company overbuilt additional commercial area to the second floor, accounting for extra 1,560 sq.m.
| “Gldani Mega Center” |
| Land area |
2 311 sq.m |
| Construction premises |
3 755 sq.m |
| Project status |
Completed in 2008 |
| “SB Real Estate” Property |
100% |
| Occupancy rate |
90% |
Office space in Saburtalo district:
- Office area of up to 1,200 sq.m. is located in a densely populated and medium class Saburtalo district;
- JSC “SB Real Estate” renovated the building to meet “A” quality category.
| Office space in Saburtalo district |
| Land area |
2 153 sq.m |
| Construction premises |
1 320 sq.m |
| Project status |
Completed in 2008 |
| “SB Real Estate” Property |
100% |
| Occupancy rate |
100% |
Office Space in Abanotubani:
- The offices is located in the historical area of Tbilisi, outstanding for vintage architecture, spectacular views and sulphur baths, thus making an appeal to the tourists;
- JSC “SB Real Estate” purchased the land plot of up to 530 sq.m. with of the premisis of 200 sq.m. in Abanotubani, near the an embanked road. The buildings were renovated and sold in 2008.
| Office Space in Abanotubani |
| Land area |
530 sq.m |
| Construction premises |
1200 sq.m |
| Project status |
Completed in 2008 |
| “SB Real Estate” Property |
Sold |