The company gained extensive experience through the management of its owned 6 property items. The aggregate average occupancy rate is 95%. The company offers full range of property management services.
Managed property:
Once the construction of the residential apartments of m2 – Chubinashvili 68 is complete, JSC “SB Real Estate” is intending to be in charge of the management of the respective property.
| 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
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% |