Business Development has bought the former building of Agrarian University on Green Cape in Batumi.
Business Development will pay 4.6 million GEL for the building and invest at least 5 million GEL.
Moreover, the winner must pay 3 million GEL of the auction bid to Batumi State University, the remaining part will go to Ajara budget.
It is worth noting that Business Development, owned by law company Nodia, Urumashvili and Partners, is also building Magnolia – Resort &SPA on adjacent territory.
The company has bought the mentioned space by term auction on condition of building a hotel, but the genuine investors is not named.
Referring to a reliable sources, the Batumelebi newspaper has recently published that Bidzina Ivanishvili planned to buy the territory.
According to the newspaper, the mentioned space may be used for implementing the so-called Panorama Batumi project that belongs to Bidzina Ivanishvili.