This document summarizes a luxury residential and golf course development project in Georgia. The 331-hectare project will include over 1,300 residential units and an 18-hole championship golf course designed by a Spanish architect. So far, infrastructure like roads and utilities have been established and golf course construction has begun. The development is located near the capital Tbilisi in an upscale area close to embassies and offers views over the city.

2.  First luxury residential community project in Georgia with professional 18 hole Golf Course
 Exclusive location on the mountain plateau covered with wild pine trees, coterminous to
President’s and Patriarch’s Residences, Embassies and situated close to the Tbilisi’s downtown
 331 Ha Project Plot with 1,303,469 m2 approved construction area and construction permission
issued by the Government
 279 Ha with the Master Plan approved by the Government and designed by famous
Spanish architects with possibilities to develop from 551 to 1837 plots for residential and
commercial property (total 815,858 m2) and the Golf Course
 52 Ha construction area with potency of development from 366 to 1171 plots with total
construction area 487,611 m2 of townhouses, apartments and office buildings
 Sale prices: 1200 - 2500 US$/m2
 Average Profit per m2: 688 US$
 Revenue from the golf club membership fees: US$ 23,200,000
 Total Project Cash Flow Estimation: 901,786,672 US$
KRTSANISI PARK
R E S I D E N C E S
PROJECT SUMMARY

4. Plots for individual construction and apartment blocks
DEVELOPMENT AREA
44 Exclusive land plots (Finca) / 58.5 ha total area / 175,703 m2 total construction permission
81 Luxury plots with nice views (Luxury) / 30.3 ha total area / 90,944 m2 total construction permission
236 Average size plots (Unifamiliares) / 48.2 ha total area / 171,551 m2 total construction permission
154 Smaller plots with shared houses (Pareado) / 12.9 ha total area / 66,482 m2 total construction permission
803 Apartments / 8 ha total area / 120,817 m2 total construction permission

5. Plots for individual construction and apartment blocks
RESIDENTIAL AREA
Project of segregation of plots with licenses
and horizontal division issued and approved;
Norms and urban standards approved with
city hall (municipality);
All necessary licenses and permits for the
execution of the works upon need obtained;

7. Upscale Residential Gated Community
NIGHT VIEW FROM THE RESIDENTIAL AREA
Night view over Tbilisi from the land plot
KRTSANISI PARK RESIDENCES urbanization project is unique, as there is no such kind of a residential community
that all together offers natural setting, elevation above the city, views, proximity to the center and quality
urbanization.

8. LOCATION
Project Site is located in Krtsanisi, one of Tbilisi’s
greenest areas. The beautiful, lush terrain covers 331
hectares and is just 15 minutes drive from Freedom
Square in central Tbilisi. Due to the concentration of
several international organizations, missions and
embassy buildings on Krtsanisi Street, the district has
become increasingly upscale. The Embassies and
Consulates of the United Kingdom of Great Britain and
Northern Ireland, Japan, France, Switzerland, as well as
the offices of the EU and UN Observer missions, the
former Krtsanisi Government compound, and the
Patriarchate compound are all located in this district.
The land adjacent to KRTSANISI PARK RESIDENCES is
largely unspoiled and has not been developed.
Shavnabada Monastery with Patriarch’s Residence and
President of Georgia Residence is the only thing that
borders the club’s grounds. This natural conservation
and the golf club are combined to create a kind of
“resort in the city” feel, making Krtsanisi Park
Residences an ideal place for leisure, a healthy lifestyle,
and most importantly the unique residential place in
Tbilisi.
Construction site

9. LOCATION
Location:
5 km to the old city
6 km to the Freedom Square
17 km to Tbilisi Airport
125 km to Gudauri Ski Resort
Flight time To:
Baku 1:05 h
Istanbul 2:10 h
Moscow 2:35 h
Riyadh 2:50 h
Dubai 3:05 h
Astana 3:20 h
Paris 4:40 h
Beijing 7:50 h
Singapur 9:40 h
KRTSANISI PARK
R E S I D E N C E S
Krtsanisi
Freedom square
Airport
Vake
Saburtalo
Tbilisi Sea
Digomi
Tbilisi City Map KRTSANISI PARK RESIDENCES is located
in the Southern part of Tbilisi. The
location allows convenient access to
the city center, old city, churches,
botanical garden and the Tbilisi
International Airport.

10. PROFESSIONAL 18 HOLE GOLF COURSE
Krtsanisi Golf Club is an exclusive private club where only
members and there guests will be admitted.
Only 600 lifetime memberships will be sold.
Besides the Golf Course, Spa Club House and Practice
Course, the Club will offer following facilities to members:
- Football field
- Tennis courts
- Basketball courts
- Archery Range
- Several indoor and outdoor swimming pools
- Jogging and walking trails
- Horse riding
- Bike paths
- Billiards hall
- Children’s entertainment center.

11. PROFESSIONAL 18 HOLE GOLF COURSE
Technical details of the route
Hole Par Length
1 5 521
2 4 342
3 3 155
4 4 384
5 4 372
6 3 200
7 5 516
8 4 275
9 4 268
Front 36 3.033
10 5 505
11 4 384
12 4 351
13 3 174
14 4 358
15 3 143
16 4 435
17 4 348
18 5 395
Back 36 3.093
TOTAL 72 6.125
Golf course is designed by Pablo Bilbao, experienced Golf Architect from
Spain.
It can be enjoyed by professionals and beginners, by local members as
well as international guests. Membership in the PGA European Tour’s
European tournament circuit will make it a regional meeting point and an
attractive destination for golf lovers.
It will be developed in 2 phases, 9 holes in the initial phase and 9 holes in
the final phase of the project.
Club house and Practice course will be constructed in the initial Phase.

12. CURRENT STATUS
A great deal of work has already been carried out on the project, and the current status of the development is summarised with
main works completed, below.
 Selection of a suitable area and securing of the land through governmentaldecree;
 Execution of detailed topographical and geotechnical surveys;
 Urbanization Project completed;
 Completion of the design of Master Plan of the land;
 Project of segregation of plots with licenses and horizontal division issued and approved;
 Completion of the design for the Club House and the championship golf course by Spanish golf architect;
 All necessary licenses and permits for the execution of the works upon need obtained;
 Norms for coexistence inside the club, and urban standards approved with city hall (municipality);
 Statutes, protocols of golf club completed, with deeds and registered ;
 Licenses and authorizations of connections of all utilities (water, gas, electricity);
 Construction of a new 2.7 km access road from British embassy to the project site, and 11 km of internal roads on parcel.
Only the pavement has to be done.
 Construction of the championship golf course (15% of work is completed);
 Pre-agreementsfor merchandising and supply of golf products with Club Car Callaway, Tinsley, Ping and Carolina Herrera;
 Pre-agreementwith PGA (Professional Golf Association) European Tour to include Golf Course in the European Tournament Circuit.

13. PROJECT PHOTOS
Areal View Hole #10
Construction of internal roads Spa Club House Design

14. PROJECT PHOTOS
View over Shavnabada Monastery View from Club House
View over Kumisi Lake Evening View over the city

15. PROJECT PHOTOS

16. PROJECT PHOTOS

17. PROJECT PHOTOS

18. PROJECT PHOTOS

19. PROJECT PHOTOS

20. GEORGIA – FACTS & FIGURES
Geographically well situated at the
crossroads of Europe and Asia, Georgia is
a combination of uniqueness and
diversity. With hundreds of hotels,
including international brand hotels such
as Sheraton, Radisson, Marriott, Holiday
Inn Georgia attracts foreigners and offers
different opportunities for the leisure
such as public parks, spas, seaside and
mountain ski resorts.
There are no real estate ownership
restrictions for foreigners. They are
guaranteed the same rights as Georgian
citizens.
As the Regional Hub for multinational
corporations operating in the Black Sea
and Southern Caucasus Regions, Georgia
offers a multitude of resources and
services while providing direct access to
neighboring countries.
According to statistics, in 2012, 4,4
million people traveled to Georgia.

21. GEORGIA – FACTS & FIGURES

22. GEORGIA – FACTS & FIGURES
GEORGIA:
• Strategic Location – Regional Hub Economy
– Multi-modal maritime, land and air access infrastructure
for trade, logistics and manufacturing
– Stable and competitively priced energy supply
• Favorable, investor friendly business climate
– Business friendly environment with low levels of taxation,
simple and fair tax administration
– Efficient, pro-business and corruption-free government
– Stable and conservatively managed banking sector
– Flexible labor legislation
– Strong legal framework to protect investors
• Strong economic growth and growing affluent segment
• Lack of luxury residential and leisure development
TBILISI:
• Over 25% of population resides in Tbilisi
• Economic and Regional Center
• Favorable Weather Climate for a Golf Resort
• Trend to move out of the city center to adjacent mountainous suburbs

23. GEORGIA – FACTS & FIGURES

24. GEORGIA – FACTS & FIGURES
The rules of doing business in Georgia are
simple, safe and straightforward for foreign
investors
 Business friendly environment
 Low levels of taxation and simple tax administration
 Simplified licensing and permitting requirements
 Competitive cost of labor and energy
 Corruption-free government
 Stable banking sector
 Very low crime-rate
 Strategic location
 80% Russian speakers
 Developed infrastructure
 Unique cuisine
 Stable growth of tourism