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City Mall Development Concept

The work carried out by the property consultant included the analyses of the existing tenant mix and schedule of accommodation, review of the floor plans and circulation of the proposed development and the assessment of the transport infrastructure in place, as well as recommendation to its improvement. Within the instruction, Colliers has studied the retail market of Tbilisi and proposed the development concept for the upcoming shopping mall.

‘City Mall Saburtalo is planned to become the largest shopping destination in the city centre and will offer its customers full brand variety present on Georgian market. Given the planning of such a development is a complex assignment and the price of mistake is huge, we have decided to involve experts in this field as our consultants. Colliers has helped us develop a concept that corresponds to latest international trends and standards’ – Mindia Sabanadze, the founder of IG Development, has stated

The final report included the proposed tenant category and brand mix as well as the floor-by-floor schedule of retail acoommodation

‘We have involved the development consulting team from Colliers UK in the review of the floor plans and circulation of the proposed development. Our office frequently cooperates with London and other western European offices in order to bring global expertise to Georgian market“ –  Levan Gvaramadze, the head of development consulting at Colliers International Georgia, has stated.

The extension project of City Mall Saburtalo counts approx. 45,000 m2 of retail area that, combined with the existing centre, creates approx. 56,000 m2 of retail accommodation in the city cente of Tbilisi.  The extension is spread on four trading floors including three retail and the entire floor dedicated to F&B and entertainment. The parking facility is planned to accommodate 1,250 vehicles. The development of the extension is already under way.

URE Club Awards

Eastern Europe Real Estate Forum and Awards 2017 was held on November 23rd in Kiev, Ukraine. EEA forum hosted 250 guests from region, including developers, real estate experts, investors and representatives of financial institutions.

The Forum is a commercial real estate event that includes member from Azerbaijan, Belarus, Georgia, Kazakhstan, Moldova & Ukraine with discussion panels, presentations and annual awards ceremony. This year several Georgian companies took a challenge in the award competition. Some of them including Colliers International Georgia returned with prizes.

Colliers International Georgia has a three year experience of partnership with EEA Forum as an expert jury representative. This year company took part in nominations as well and won the title of Best Consulting Company of the year.

Development Consulting is one of the main business lines for CIG. In previous years company managed 30 Local and International consulting projects, with a volume of 1.3 billion USD investment.

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