Vashlijvari is Kinor’s first investment in Georgia. The completed project is located Godziashvili str. and has benefited, from its conception to its realization, the best Georgian market has to offer, both in terms of managing teams and subcontractors.
The project comprises of 175 residential units with 2 levels of commercial and office areas. The company aims to introduce upmarket aesthetics to the middle-to-lower market segment in Georgia.
Kinor Vashlijvari was completed in December 2020.
After an extensive feasibility assessment, the fund has acquired a strategic 8ha land plot in next to the Kutaisi International Airport. The first phase of the project is in the process of architecture planning and will supplying the the first chain-branded hotel in this low-cost airport. The soft opening of the hotel is planned for the first quarter of 2023 – just in time for when the tourism industry is projected to fully rebound after the COVID-19 disruption.
The anticipated development of infrastructure and manufacturing in Georgia, combined with its strategic location at the crossroads of Europe and Asia, will open opportunities for modern industrial and logistics real estate investments. Kinor plans to utilize this trend and supply modern logistics and retail stock in the vicinity of the Airport during the second and third phases of the Kutaisi Airport project development.