Multiplex Investment Group Develops Batumi Historical Center

The company Coreaxes is carrying out the restoration of a building located in the historical center of Batumi, which is included in the Cultural Heritage List. The project is being implemented by funding allocated by the investment company Multiplex. Konstantine Mkheidze, the head of the Coreaxes project in Batumi, spoke to us about the project.

"In 2010, in the historic district of Batumi, at the crossing of Gamsakhurdia and Kostava streets, one of the most remarkable and charming historic buildings was announced for sale. The architectural look and historic value of the building was definitely remarkable and needed to be taken into consideration. The decision to take it on was rather an emotional one on behalf of our investment group, as we wanted to keep this beautiful building for Batumi. This comes as our contribution to the preservation of the history of our country. Multiplex implements logistical and other activities throughout Georgia. We had never implemented a project related to real estate before this. Our interest in this business is not the construction of large residential complexes, like those you can see abundantly in Batumi, and in other parts of Georgia, but rather the implementation of more exclusive and historically valuable projects. Business directions, as a rule, are determined by the owners. In our case, this vision belongs to the founder of Multiplex, Levan Kacharava. Since buying this building, we have bought others. We developed a project which is now ready for submission to the Batumi Historical Council. Hopefully, the Council will review and approve it. At the same time, negotiations are ongoing with Kinor Investment Fund with regards to cooperation within the framework of this project, which is also important."

By Ana Dumbadze