Official Presentation of Galleria Tbilisi

The Georgian Co-Investment Fund held an official presentation of Galleria Tbilisi, an investment project which envisages the development of a modern, multi-functional shopping center on Rustaveli Avenue. The project was presented by the executives of the Georgian Co-Investment Fund and project’s exclusive leasing agent, Colliers International Georgia.

The event took place at the Radisson Blu Iveria Hotel. The guests included the representatives of the Diplomatic Corps accredited in Georgia, international financial institutions, Government officials, senior executives of private companies, international and local retailers and media representatives.

Galleria Tbilisi, a former department store building on Rustaveli Avenue, was bought by the Fund in 2015. Total investment of the project is more than USD 70 million. The project aims to resume the suspended project and create an A-class shopping center in the building, which has been inactive for years.

The shopping center, which will encompass 22,000 m2 of space, is set for completion in 2017.

It is expected that the project will help attracte foreign direct investment and international brands.

Ana Akhalaia