Luxury resort at the Black Sea

coast

INVESTMENT OFFER – ELITE

CLUB RESORT BUKNARI
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LOCATION

The plot for the project is located in Buknari, 10 minutes from the center of Batumi

1. 5 minutes to the Botanical Garden of Batumi

2. 5 minutes to Kobuleti
3. 30 minutes to Shekvetili
4. 45 minutes to Batumi Airport
5. 3 minutes to Shukura Café
6. 250 meters to Tsikhisdziri beach
7. 15 meters to the main road
8. All engineering communications on site

The total area of land is 7052 m2 for non-agricultural purposes (allows you to purchase and
register for a non-citizen of Georgia)

Cadastral codes of plots: 20.48.03.518; 20.48.03.517

ТЕХНИЧЕСКИЕ ПАРАМЕТРЫ ЗЕМЛИ

Total area – 7052 m2

The plot is located in 'Residential Zone 3'

Land development ratios:

к2 - 1,3 - permissible construction area – 9167 m2

к1 - 0,5 – allowable construction layout area of the plot – 3526 m2

к3 - 0,2 – minimum area for landscaping – 1410 m2

according to the law in 'Residential Zone 3' it is allowed to build:

• Villas
• Townhouses

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• multi-storey buildings (apartments)

• Guesthouses
• kindergarten
• school
• sports halls – sports grounds
• Pharmacy
• Opening swimming pools
• spaces for events and exhibitions
• Shops
• Branch of the Bank
• Parking

maximum allowable height of the building – 20m

ENGINEERING UTILITIES

All communications are located near the site within a radius of 50 meters

CADASTRAL DRAWINGS OF PLOTS

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LAND PRICE AND POSSIBLE DEVELOPMENT EXAMPLES

Land price is 1,410,000 USD

Below is a financial calculation for the construction of 9168 m2 apartments under “white frame”
and renovated conditions. Net area for sale 6876 m2 (about 230 apartments of 30 m2)

“White frame” condition:

Item description USD per Sq.m Sq.m Total USD

Land cost 200 7052 1 410 400,00

Surveys and Design 27 9168,9 250 000,00

Construction "white frame" condition 350 9168,9 3 209 115,00

Total 4 869 515,00

Sales revenue 1450 6876,675 9 971 178,75

Total 9 971 178,75

EBITDA 5 101 663,75

VAT 18% 1 521 027,27

VAT return 527 661,61

Net Profit 4 108 298,09

ROI 84%

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Renovated condition

Item description USD per Sq.m Sq.m Total USD

Land cost 200 7052 1 410 400,00

Surveys and Design 27 9168,9 250 000,00

Construction with renovated condition 550 9168,9 5 042 895,00

Total 6 703 295,00

Sales revenue 2200 6876,675 15 128 685,00

Total 15 128 685,00

EBITDA 8 425 390,00

VAT 18% 2 307 765,51

VAT return 807 390,76

Net Profit 6 925 015,25

ROI 103%

PROJECT TIMEFRAME

Preliminary deadlines for the implementation of the project - 2.5 years:

1. Research and design – 4 months

2. Building permits – 2 months
3. Construction – 24 months
4. Sales – at least 70% of the apartment is expected to be sold within 18 months

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REAL ESTATE AND CONSTRUCTION MARKET ANALYSIS

The real estate and construction market is one of the most stable in terms of positive dynamics in
recent years in Georgia. Foreign direct investment in this industry over the past two years
amounted to 300,000,000 US dollars. In 2021, investments in the real estate sector amounted to
500,000,000 US dollars (an increase of 20% since 2020) and the turnover of the construction sector
amounted to 3,000,000,000 d US Dollars (growth of 2.5% since 2020)

It should be noted that the popularity of the Adjara region, where our land plot is located, is
growing every year and large investors and hotel operators from all over the world execute their
projects, such as:

• Hilton, Radisson, Best Western, Wyndham, Sheraton, Marriott, Holiday Inn

• Ambassador Group
• Alliance Group
• Ocean Capital
• MRMU UK

Top sound projects are:

Ambassadori Batumi Island

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World Trade Center Batumi

30% of the turnover of the construction sector comes to the Adjara region

88% of the urban population and 91% of the total population of Georgia own real estate – hence,
the solvency and demographic factor confirms demand and opportunity to purchase real estate
in the country, which therefore pushes the decision of investors to invest in this sector

Only this year in the Adjara region, the cost of renting apartments increased by 100% - which
motivated more to buy real estate in new buildings and pay even less per month than rent on the
market - also rent out apartments and thus compensate for monthly payments for a new
apartment (for details of the rental dynamics, see table below) :

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The numberof transactions (acquisition of real estate) in 2021 increased by 54% in the suburbs of
Batumi (Buknari - where our land plot is located , is a suburb) and by 48% in the first quarter of
2022 - the corresponding growth in the center of Batumi was 9 and 13% - this indicates that the
more urbanization in Batumi itself becomes, the greater the number of people who want them to
live in the suburbs and protect themselves from traffic jams, polluted air and a congested beach
with unclean water. The elitism of the suburb is also proved by the prices of such real estate -
below is an analysis of several projects located in similar locations, built this summer or under
construction.

Mziuri Gardens (apartments with 43 m2 – price: 1800-2500 US dollars, condition – renovated)

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Green Cape Botanico (apartment with 48 m2 - price: 2200-2500 US dollars, condition - renovated)

Dreamland Apartments – (apartments with 30 m2 – price: 1100-1400 USD, condition – 'white frame')

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SCALLING OPPORTUNITIES

Opposite our plot there is another plot of 13413 m2, owned by the local municipality. The concept
of the project can include the arrangement of a park and recreational zone on this site, which will
be one of the advantages of the project. Also design can include a pedestrian bridge of a unique
architecture over the road and railway that will connect the project with the beach. In addition
to the above site, around our land there are an additional 13,000 m2 of territories that can also
be purchased for the next stages of the project or for the purpose of its scaling.

OUR HOLDING AND ADVANTAGES

Our team has more than 13 years of experience in the field of real estate and construction. We
took part in the implementation of the most large-scale and uniqueprojects of the country:

Projects
Kutaisi and Tbilisi airports
• Management of the design
process
• Quality control of construction
works

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All McDonald's in Georgia

• Design
• Turnkey construction
• Quality Control

Hilton in Batumi
• Feasibility Study of the Project
• Design
• Management of the design
process
• Control of construction works

Holiday Inn in Tbilisi

• Examination of project
documentation
• Turnkey construction
• Quality Control

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Hampton in Tbilisi
• Feasibility Study of the Project
• Management of the design
process
• Quality control of construction
works

The first technopark of innovations in the

region – Tbilisi
• Feasibility study of the project
• Design
• Construction
• Quality Control

The largest Coca-Cola plant in the

region and headquarters in Natakhtari
• Design
• Construction
• Quality Control

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The first elite district in Tbilisi - Krtsanisi Park

Residence
• Feasibility Study of the Project
• Management of the design
process
• Construction
• Quality Control

British-Georgian academy Tbilisi

• Feasibility Study of the Project
• Management of the design
process
• Construction
• Quality Control

The perinatal clinic. Gagua

• Feasibility Study of the Project
• Management of the design
process
• Construction
• Quality Control

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Borjomi Plant
• Feasibility Study of the Project
• Construction
• Quality Control

We offer all services related to real estate and construction.

Our business areas:

1. Development company and property management http://idevelopment.ge

2. Consulting and Construction Management http://pmci.ge
3. Investment Platform http://investwise.ge
4. Construction company http://ec.ge (The only company in Georgia that has iso
9001:2015 certificate for quality management in both design and construction)

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PHOTOS OF THE LAND

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CONCEPTUAL VISUALIZATION

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