Investment opportunity on the Black Sea coast! VR Shekvetili Forest-Beach represents a large-scale investment opportunity for international and local investors in Shekvetili, one of Georgia’s premier coastal locations. Phases IV, V and VI of the project are offered for investment with approved designs and pre-defined construction parameters, allowing the investor to start the project development faster. Key figures: - 136,873 m² total land area - 3,779 planned apartments - 314,509 m² total construction area - 1.2 km of private beach - Land value with approved design: $600/m² - Forecasted GDV: $663.8 million - Forecasted profit: $208.8 million - Combined IRR according to the financial model: 33.3% VR Shekvetili Forest-Beach combines the Black Sea coast, a unique pine forest, magnetic sand, an already operating international Beach Club and a large-scale resort infrastructure being developed by VR Holding. In the first phase of the project, Café del Mar Beach Club is already completed and operational, while the construction of the residential part is underway in parallel. VR Holding also continues to develop a 1.2 km promenade and general resort infrastructure. The location is particularly interesting from a tourist and investment point of view. The following are located near the project: - Paragraph Resort & Spa - approximately 100 meters - Musicians' Park - 1.7 km - Black Sea Arena - 1.8 km - Dendrological Park - 2.8 km - Tsitsinatela Amusement Park - approximately 5 km Both individual phases and a complete investment package can be discussed. If you are interested, you can be provided with a full financial model, land and project documentation, and a site visit can be scheduled.
