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Spare Plan B – or New Investment Opportunities

by Georgia Today
August 12, 2021
in Business & Economy
Reading Time: 3 mins read
Spare Plan B – or New Investment Opportunities

The pandemic world has clearly shown us that everyone in life needs a Plan B. Investing in real estate is one of the most important types of investment: it does not lose value, and if chosen wisely, can become a constant source of income.
TOWER GROUP is a company with 15 years of experience in the field of construction. Its current projects are distinguished by modern architecture and details tailored to the comfort of the customer.
One of the ongoing investment projects of TOWER GROUP is PANORAMA in Batumi.

Why is the project called PANORAMA?
PANORAMA directly reflects the main advantage of our project – panoramic views from all rooms, regardless of height and location. The architecture of the building and its rounded shape create a layout that provides a panoramic view of Batumi from all rooms. The main thing is views from our complex are guaranteed, because the aparthotel is built on the first line next to the coast.

What other advantages characterize your complex besides the views?
Another advantage is our location: the complex is located at the entrance to Batumi, by the sea, between the Opera House and Batumi Central, where the 4-star hotel Holiday Inn Express is expected to open at the end of 2022.
With the Opera House, hotels, a pedestrian bridge, a well-decorated coastline with restaurants, we are creating a completely new district at the entrance to Batumi, from where the best views of Batumi can be seen.
The third and foremost advantage is that we create a continuous chain of communication with our customers from the purchase of real estate to revenue. It often happens that consumers buy the estate and developers end communication with them, and consumers can no longer organize independently due to distance or lack of time. But since some of our clients do not live in Batumi, for their comfort, the company offers renovated apartments with furniture. Pre-conducted market research shows that, often, the consumer is not able to complete the apartment or arrange the furniture, or does not have time to organize rental. That is why we have created a system that will serve the customer on a continuous basis, from the renovation of the apartment to its rental. Customer satisfaction is most important to us.

Who is the complex designed for?
The complex is intended for everyone who wants to invest in real estate and create a permanent source of income in the future. In fact, our projects are investment projects. As practice shows, real estate does not depreciate, and its value increases significantly after the completion of construction. Today, while we are at the initial stage of construction, our clients have a chance to buy real estate at an initial small price.

Does the complex consist only of an aparthotel?
The complex includes 3 blocks. The first highest 40-storey block is an aparthotel and the main investment part of the project. An apartotel service company provides service and rental that will be a constant source of income from real estate for our clients in the future.
The second block is a 5-star hotel and consists of 8 floors. Negotiations are underway with international brands. The 3rd block is integral and includes a swimming pool, cafes, restaurants, office, and commercial spaces. The main detail is the pedestrian bridge connecting the complex with the sea, which is connected to a 3-level pier in the sea.

Tell us briefly about the main details of the PANORAMA complex.
PANORAMA is a 40-storey multifunctional complex on the Black Sea coast, connected by a large pedestrian bridge with a 3-level pier to the beach, with restaurants and bars.
There you will find everything for relaxation, fun, and business meetings.
• 5-star hotel
• Apartments with a modern design
• Projects handed over with completed repairs, equipment, and furniture
• Business lounge
• Outdoor pool, spa, and fitness
• Restaurants and bars including Sky Bar – 40th floor
• Underground and above-ground parking
• Casinos and other entertainment centers
• Commercial spaces

Tell us about the company.
TOWER GROUP is a subsidiary of “Gza” (Road) a company with 15 years’ experience in the construction field.
Company Gza , successfully and quickly implements all types of construction and infrastructure projects. Together with the leading companies of the country, Gza Ltd has implemented a number of expensive projects, among them hotel complex Kvirike Hills, a mountain hotel complex consisting of 20 cottages, with full infrastructure, and the prospect of becoming one of the most popular mountain resorts in the future.
Gza has a store equipped with the latest equipment for use throughout western Georgia. It is a leader in the production of asphalt and concrete.
Our company owns one of the largest-scale projects for the arrangement of truck fleets in the border zone and their full service.
Among the projects implemented by our company is “House in Old Batumi”, which repeats the stylistic architecture of old Batumi.

By Team GT

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