Newly Established Residential Real Estate Construction Company Seeking Loan in Tbilisi, Georgia
Established | 0-1 year(s) |
Employees | 5 - 10 |
Legal Entity | Limited Liability Company (LLC) |
Reported Sales | Nil |
Run Rate Sales | Nil |
EBITDA Margin | Nil |
Industries | Residential Real Estate Construction |
Locations | Tbilisi |
Local Time | 6:32 AM Europe / Istanbul |
Listed By | Management Member |
Status | Active |
- Strategically chosen location for development (30 mins from Freedom Square Center), the highest quality, and a unique project are our main advantages over our competitors.
- 55% of the constructed area will be 4-story buildings with apartments ranging from 60 to 100 sqm (total 3,000+ apartments)
- 41.5% will be townhouses and the rest will be villas.
- Approval for construction on this site has already been obtained.
- Based on market research, the cost of land and housing is steadily growing by 10% and the market is characterized as highly active, as 65% of the projects are sold in the first two years from the start of construction.
- The owner has over 17 years of experience in this industry and the management team includes experienced members who have implemented similar projects as top managers and department heads.
- We also have one smaller-scale project in Italy, but this is our primary project and our operations will be based out of Tbilisi.
This will include:
- 4-story buildings with apartments ranging from 60 to 100 sqm (3,415 apartments)
- 600 townhouses (300 sqm each)
- 48 villas (400 sqm each)
The company has 2 owners with 50/50 ownership.
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Earlier than 15 daysPrincipal, Financial Services, Panama City, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysSpecialist Advisor, Investment Banking, London, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysCEO, Ahmedabad, Financial Consultant connected with the Business