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“White Group” Returned Seized Property and Updates Project on the Heroes’ Square

After  a one-year pause,  the construction of the residential building in the center of Tbilisi will beresumed in a few days. Works are carried out by theconstruction company “White Group” which  invested over USD 4 million in the project.

According to the company’s chief executive officer George Gonjilashvili,  the company started construction in 2008, but in 2011 they were deprived of  property and t managed to return it only  in 2013 after  the new government came to power.

Gonjilashvili suggests that  construction of the residential complex will be completed in February next year. He notes the sale of apartments has already begun. A price per m2  is 2 thousand Euro.

“White Group” plans to construct  hotels in the near future. George Gonjilashvili refrains from details at this stage, however, adds  that hotels are planned to be built not only  in Tbilisi but in other cities.