Georgia – Gateway to East Europe
Strategic Location
- Located at the intersection of Europe and Asia
- Key transit corridor for energy and trade (e.g., the Baku-Tbilisi-Ceyhan pipeline)
Open Market Economy
- DCFTA with the EU
- FTAs with China, CIS countries, and more
- Liberal trade regime and low corruption levels
Ease of Doing Business
- Ranked among the top 10 globally for Ease of Doing Business (World Bank, prior to report discontinuation)
- Business-friendly tax policies and simplified regulations
- 100% foreign ownership allowed in most sectors
Economic Growth
- Stable GDP growth over the last decade
- Strong sectors: tourism, agriculture, logistics, energy, and fintech
- Government reforms driving modernization and innovation
Georgian Real Estate Market Snapshot
Residential
- Rising demand for new housing in Tbilisi and major cities
- Prices per m² in new builds continue to grow
- Strong rental demand for quality units
Warehouses
- Total warehouse GLA ~2.2m m², ~68% in Tbilisi
- Occupancy high: 77–88% depending on type
- Rents: US$3–5/m², Class A up to US$7
Offices
- Avg. rent Tbilisi: US$23.4/m²; Class A ~ US$28
- Vacancy down to ~10% in Class A
- Demand strong for modern office space
Retail
- Street retail rents: Tbilisi ~US$31/m², Batumi ~US$25.5
- Shopping center vacancy low (~5%)
- New malls & outlet projects underway
SKA in Numbers
Pipeline Projects
Isani Mall Acquisition
Land 14,000 m² with 64,000 m² development potential
Strategy & Value Proposition
At our core, we specialize in identifying, acquiring, and enhancing commercial real estate assets. We carefully select properties with strong appraisal or development potential. While our portfolio includes warehouses and office premises, the group’s core focus is retail—predominantly grocery-anchored properties and retail parks. These asset types typically involve minimal landlord capital expenditure and operating obligations.
Our tenants include leading local and international chains such as Carrefour, McDonald’s, Gepha (Pharmadepo & GPC), Jibe, Spar, Two Steps, Europroduct, Medicare (Synevo), Swarovski, etc.
The REIG management team brings extensive industry experience and a broad network of relationships with private investors, lenders, brokers, and service providers. As a result, our group consistently ranks among the best-performing real estate investors in Georgia.
We are also committed to responsible investing, fully integrating ESG principles across our portfolio. Three of our sites are equipped with solar panels, reducing operating costs and contributing to environmental sustainability. Corporate governance is overseen by a Supervisory Board, while property appraisals and financial audits are conducted by leading international firms.
Address
Tbilisi, Georgia
Phone
+995 597 464 800
g.kristinashvili@ska.ge