Geo Properties is a Geo Holding JSC family member, consisting of Geo-properties, Geo-Tours, Geo-Fund, Geo-Meat and Media Georgia.
Create completely new, not existing approaches and trends on Georgian real estate market, through using innovative technologies and following international standards.
To be a smart, flexible, trend setter and customer oriented market leader and being mediator among Georgian and international stakeholders.
In 2017, 235 residential projects were completed in Tbilisi and Batumi. Transactions reached their highest point since 2012. Selling prices in each segment have been stable.
Retail floor-space supply accelerates and Tbilisi remains Georgia’s primary contributor. In 2017, the total volume of retail floor-space in Tbilisi, Batumi, and Kutaisi amounted to 1.42 million sq m, reflecting a 12% increase compared to 2016.
Tbilisi remains Georgia’s top supplier of office space. Business House development is scheduled to begin in 2018 in the Ortachala District. It will be Georgia's first official LEED certified building, offering every available public service in one location.
Georgia’s diverse environment, cultural background, and business-friendly legal framework form a strong base upon which the country is building a lucrative entertainment industry.
Georgia’s total volume of industrial and logistics space amounts to approximately 2.3 million sq m, which 740 000 sq.m. is leasable. 94% of the leasable supply is dry storage; cold storage accounts for 43,000 sq.m. Total capacity of cold storage is 164 000 tons.
In 2017, the number of Georgia's international inbound travelers grew by 18.8%, from 6.4 million to an all-time record 7.5 million. Tbilisi's total hotel room count hit 7 875 rooms and Batumi supply rose to 5 325 rooms. These two cities will remain Georgia's top suppliers over the next five years.