Investment into Business

An operating development company in Tbilisi has owned a land plot with a construction permit to
build a 9-storey residential complex since 2022, however the company failed to find necessary
financing to implement the project. The facility had liabilities towards both, the state institutions and
individuals.

After the “GGM Management Company” took under management theabovementioned
development company, the necessary funds for the project were sought from two different sources:
70% of the project budget was financed by the bank, and remaining 30% was funded by the
financial partner (individual investors).

Strategic management of the project is implemented by the GGM team. Construction works at the
site are actively ongoing, and commissioning of the facility is planned in August 2025.

Project total budget: 2 900 000 USD