GC FUND

  • Industry

    Hospitality and Real Estate

  • Status

    Ongoing

  • Total Investment Size

    US$ 80 M

  • Website

    www.galleria.ge

Galleria Tbilisi

The “Galleria Tbilisi” project envisages the development of a modern, multifunctional Shopping Centre on Tbilisi’s prime high street, Rustaveli Avenue, which is in the heart of the capital city. The total investment size of the project is US$ 80 M. Centrally located near the most important government and private institutions, museums and theaters, “Galleria Tbilisi” will be the best place for shopping in Georgia. The shopping center is readily accessible for its visitors via a number of public transport and pedestrian access points. Its catchment area contains approximately 1,000,000 residents within 20 minutes' drive.

Galleria Tbilisi’s outstanding architecture integrates many elements of metropolitan life. The project’s design was created by a leading Israeli firm of architects, “Moshe Zur Architects”, which has completed a range of impressive architectural developments including shopping centers in Europe’s capital cities.

The unique development is designed around Tbilisi’s two renowned theatres, the Liberty Theater and the A. Griboedov Russian Drama Theater which will be integrated within the mall structure, making the center an even more appealing destination for its visitors. The mall is also linked to the Freedom Square Metro Station granting metro commuters direct access to the shopping center. Galleria Tbilisi gross leasable area is 22,000m² and this includes 5 levels of retail space and a food court. The building will have an underground car park area with capacity of 308 parking spaces.

The current design envisages thematic categorization of the shopping levels: a grocery and specialty food store will be located in the basement, a mix of mid and upper-scale fashion, footwear and accessories brands on the ground, first and second floors and children’s wear, home accessories and sporting goods on the third floor. The fourth level of the mall will feature a food court with diverse restaurants and cafés, providing the widest choice of dining options in center of Tbilisi. In addition, there will be a terrace with magnificent views over Tbilisi which will also serve as a venue for organizing special events.