Our first project is located in Plekhanov Neighborhood, the charming old part of Tbilisi, Georgia - one of the trendiest places to visit. This is a historic part of Tbilisi, with old-style houses built in 19th and early 20th centuries.
According to Forbes, Plekhanov Neighborhood was named among 12 coolest neighborhoods around the world.
The project is a development and construction of a 25 flat 5 floor modern building in the heart of Plekhanov District. The building is conveniently located within the walking distance from the city center and only a ten-minute walk from Fabrika, a massive venue housed in an old soviet-era sewing factory that has been transformed into a multifunctional space open to everybody (www.fabrikatbilisi.com).
The project investment amount: USD 1.1 mln
Type of Funding: Equity (actual ownership of real estate)
Minimum Investment: USD 30,000
Funding: Oversubscribed by 120% within the first week of the announcement
Expected return on investment: 45% (Term of 18 months)