Another investment business opportunity supported by the Georgian government is Axis Tower which is considered in the real estate and hospitality sector. As we said in the previous articles, the Georgian government has a strong investment offer for investors, it has a liberal and free-market-oriented economic policy, access to a 2.3 billion consumer market through its solid FTA network including both EU and China, educated, skilled, and competitively priced workforce, 6 types of low and flat taxes, significantly decreased the number of licenses and permissions, well developed, integrated and multimodal transport infrastructure.
AXIS TOWERS is the tallest tower in Tbilisi
AXIS TOWERS, a complex poised to become the face of modern, revitalized Tbilisi will soon be featured near Galaktion Tabidze’s statue on Chavchavadze Avenue, Vake. With its exceptional architecture, unique functions, scope, and purpose, AXIS Towers is the tallest skyscraper project in the city. The multifunctional complex consists of two 32-story towers standing on a 5-story pedestal. The pedestal features retail areas, restaurants, cafes, conference facilities, meeting rooms, and over 16 000m² of A-class office areas.
The top of the pedestal houses a private courtyard (over 1 000 m²) for the residential areas located in the stone tower. The building also houses a spa center, a fitness club, and a 25-meter-long swimming pool with a retractable roof. The stone tower accommodates 16 000 m² upscale residential areas, with the finest views over the city. The glass tower houses offices and a 226 room, 5-star Pullman hotel with a restaurant and sky bar overlooking the city from the 37th floor.
Georgian Co-Investment Fund holds a 39% equity stake in the property and is additionally providing mezzanine financing. The total investment amounts to 117 Million USD. The fund is interested to discuss potential partnerships for this project.