Georgian Co-Investment Fund and its subsidiary Tbilisi Plaza LLC presented Galleria Tbilisi at the world’s most prestigious international retail property annual exhibition MAPIC 2016 in Cannes for the second consecutive year.
The executives of the Fund and Tbilisi Plaza LLC held meetings with retailers interested in Galleria Tbilisi, shopping mall software developers, marketers and digital experts. They also attended conferences, where the speakers from leading international companies presented the newest trends in the retail industry and shared best practices with the audience. MAPIC 2016 was successful for Galleria Tbilisi as the project team attracted several new international brands.
The first international retailer with which Galleria Tbilisi signed a contract is world’s one of the largest retailers H&M (Hennes & Mauritz). The companies initially met at MAPIC 2015.
Galleria Tbilisi project is progressing successfully. At this stage negotiations are underway with large-scale international retailers, which will be publicly disclosed as soon as the contracts are signed.
About MAPIC:
Established in 1995, MAPIC (Le marché international professionnel de l'implantation commerciale et de la distribution) brings together more than 8,000 participants, including over 2,000 retailers, 2,300 property developers and 700 exhibiting companies from 74 countries every year. Georgian Co-Investment Fund and its subsidiary Tbilisi Plaza LLC participate in MAPIC for the second consecutive year.
About Galleria Tbilisi:
Galleria Tbilisi is one of Georgian Co-Investment Fund’s (“GCF”) ongoing investment projects in hospitality and real estate sector, with a total investment size of US$80 M.
Galleria Tbilisi gross leasable area is 22,000m² featuring 5 levels of retail space and a food court. The building will have an underground car park area with capacity of 300 parking spaces.
The center will offer unique shopping experience to its customers. 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 the city center. In addition, there will be a terrace with magnificent views over Tbilisi which will also serve as a venue for organizing special events.
With the unique brand mix, wide choice of dining options, event spaces, two theaters and a terrace with stunning views of historical part of the capital city, Galleria Tbilisi will be a new and exciting destination for tourists as well as for the local residents. The grand opening of Galleria Tbilisi is scheduled for September 2017.
