Assets #16 - “LISI LAKE SITE
- Management Rating: C
- Address: Lisi Lake, Tbilisi, Georgia
- Land Plot Area: 209 500 sq.m
- GRDC Ownership: 26%
The subject property is situated 8 km north-west of the centre of Tbilisi, adjoining the popular residential district of Saburtalo. Lisi Lake is recreational are, which is enclosed by the lands owned by the project.
As per agreement with state, there is an investment obligation of 20 mln USD to be invested into the project till May 2016. Successfully ongoing Lisi Lake Development project, is creating sufficient grounds to renegotiate current agreement with Government and create significant development opportunities.