Full legal support and mediation between the investor and the government of Georgia on the Rike concert hall building project in Tbilisi

One of the most prominent and at the same time controversial buildings in Tbilisi is put up on sale at a privatization auction organized by the Georgian government. It is the building of Rike concert hall. Located in Rike Park, the building shape resembles traditional Georgian wine horns. The project design is developed by famous Italian architect Massimiliano Fuksas. He was so much impressed with the history of Georgian winemaking that he was inspired to create a building in the form of a “Dokebi” (trans. “Horn for wine”).

And now, this object, which was built in 2012 and is one of the attractions of the capital of Georgia, is looking for a new owner. It is being sold at a privatization auction, one of the most profitable methods for those looking to buy Georgian real estate. Since it is sold without extra charges, all red tape eliminated, the development of the object is planned to take into account appropriate urban planning context, and privatization is carried out at an accelerated procedure.

Under such conditions, you can become the owner of real estate in Georgia on terms that are significantly better than the standard procedure, as it saves time and money. However, it would be challenging for foreign businessman to make the purchase independently. Bidders are required to have knowledge of Georgian law and language. Therefore, participation in tenders requires high-quality legal support, which Offshore Pro Group is well positioned to provide. We have lawyers who are native speakers of the Georgian language and are well versed in local law and mentality. In addition, we will be able to arrange a meeting with a representative of the Georgian government to discuss the details of the transaction at a highest level.

Real estate in Georgia: characteristics and description of the object

This particular property on sale may be of interest to businesspeople who are looking for a building with outstanding architecture, located in the central part of the city, most attractive for tourists. Here, the Georgian government offers deployment of conference facilities and / or exhibition halls and / or a theater.

The starting price of the land area of ​​14 591 sq.m. with construction (Rike concert hall) in Tbilisi – 95 million GEL

Location of real estate in Tbilisi

Rike concert hall is located in the central part of the capital of Georgia, on the right bank of the Kura River, in the territory of the park bearing identical name. Here, in addition to unusual structures, there are also such attractions as dancing fountains and Peace Bridge. Directly behind the building is the Presidential Palace, and a little further – the Holy Trinity Cathedral.

On the left side of the river over the Peace Bridge is located Dzveli Tbilisi or Old Tbilisi. Here several groups of objects are located, which are the visiting cards of the capital of Georgia – the Narikala fortress and the sulfur baths of Abanotubani. Naturally, the whole area of ​​Old Tbilisi is very interesting for its characteristic architecture and atmosphere. In addition to attractions, there are also a large number of cozy cafes, restaurants and wine bars, which you should definitely visit.

Distance from Rike concert hall to:

• International Airport after Shota Rustaveli – 15.5 km;
• Tbilisi Central Railway Station – 4.3 km;
• Shota Rustaveli Avenue (city center) – 2.8 km.

Among the advantage of the building location we should also mention the spacious parking lot available right next to the building.

Description of the property in Tbilisi

The lot put up for auction represents a land plot of 14 591 sq.m. which accommodates the structure in the form of two horns for wine (wide and narrow). They are connected in the upper part and thus, the architectural composition comprised of two structures is transformed into one building.

The total area of ​​the structure is 9 173 sq.m. They consist of several floors, with different areas:

• first underground floor – 988.35 sq.m.;
• second underground floor – 1,413.45 sq.m.;
• ground floor – 1 329.25 sq.m.;
• first floor – 1 503.15 sq.m.;
• second floor – 2 906.05 sq.m.;
• third floor – 1,033.1 sq.m.

You can enter the Rike concert hall building either from the side of the Peace Bridge – each of them has a separate entrance; or – from the side of the highway – this is the main entrance. The surrounding area is landscaped, with nice footpaths, car entrances, lighting.

If you are interested to buy real estate in Georgia at a privatization auction, please contact us by e-mail: [email protected]. We will help you select the object that best suits your requirements and provide high-quality legal support for its purchase.

We offer some more lots for your consideration:

• land for the construction of a hotel complex in a picturesque area in Borjomi;
• Sale of a large land plot with former government recreation cottages in the resort town of Tskhneti (12 km to the center of Tbilisi).