in regards to the challenge;
EastPoint Procuring & Leisure, a 65,000 sqm procuring heart in Tbilisi, Georgia.
This can be Georgia’s first open-concept retail and leisure vacation spot – a novel providing in a market with a rising demand for worldwide high quality procuring.
The event is positioned on the motorway connecting town heart with Tbilisi worldwide airport on the jap fringe of Tbilisi often called the “Kakheti Freeway”. The realm advantages from good transportation hyperlink and rising residential demand. The East Level website particularly enjoys 300 meter freeway frontage and, with roughly 70,000 passengers passing day by day, it gives wonderful visibility for industrial manufacturers. EastPoint is 10 minutes’ drive from Freedom sq.; ( Tbilisi Middle)
Complete catchment space of the challenge consists of:
1.5 million Tbilisi resident;
Major catchment is over 350 000 native inhabitants ( Samgori-Isani District) ;
additionally strategic location of the challenge covers Metropolis Rustavi ( 15 minutes’ drive) inhabitants – 140 000 folks;
and is on the primary freeway resulting in Kakheti Area with inhabitants 410 000 folks;
1 hour drive to Armenia or to Azerbaijan;
Part I of the event will embody some 65,000 sqm of constructed space accommodating a hypermarket, a primary DIY retailer within the metropolis , first electronics superstore and a 27,000 sqm outside style mall, in addition to over 2000 comfy parking locations. The style mall will characteristic a variety of elite style boutiques, a complete collection of excessive avenue manufacturers, in addition to eating places and cafes. Uniquely for Georgia, EastPoint will present a complete leisure providing for the entire household with multiplex cinema, bowling alley, kids’s schooling and leisure heart, and meals retailers. All outlets could have the entrance doorways on the bottom ground;
Part I of EastPoint could have whole improvement value of roughly $60mln million which has been totally funded by the developer. Development has already progressed, with floor and perimeter works accomplished, Structural works to be completed inside 2 months and supply scheduled for the third quarter of 2014.
Eastpoint procuring & Leisure heart has distinctive enlargement alternative as challenge part II extra 18 000 sq/m relying on market demand; this provides challenge probability to allocate all main manufacturers which are focusing on to enter Georgia in upcoming years ( Alshaya group 2015);
About Investor: East Level is owned by CBD Growth LLC:
CBD Growth is a subsidiary of Quadrum Property Group
Quadrum Property Group is an actual property funding and improvement affiliate of Dice Capital, an funding administration agency with over US$1.three billion in belongings beneath administration. The group has workplaces in London, Hong Kong, Shanghai, Beijing, Moscow, Kiev and Tbilisi. Its actions are unfold throughout a variety of hedge funds and actual property personal fairness.
Quadrum at the moment owns actual property and improvement tasks totaling greater than US$900 million throughout america, Southern Asia and international locations of the previous Soviet Union
The event and leasing workforce concerned within the Eastpoint challenge consists of Georgian and Western professionals who’ve efficiently opened and operated a number of retail facilities throughout Japanese European international locations with main retailers;