Construction of the 12,500sq m phase1 of Tbilisi Outlet Village outside the Georgian capital has well progressed since the project celebrated groundbreaking early September this year.
Developed by Georgian Outlets & Resort Group (GORG) in close collaboration with TORG International, Tbilisi Outlet Village was awarded the prize for Project of the Future mid-October at the “EuropaProperty Investment & Manufacturing Awards,” well ahead of its opening in autumn 2022. 60 per cent of the space is already leased including many top brands.
The opening of Phase 1 of Tbilisi Outlet Village consisting of 12,500sq m and 70 units is well on track for autumn 2022. It will ultimately bring together a well selected mix of brands on 20,000sq m and 110 units. The official ground breaking ceremony took place on 8September 2021 and was hosted by the Government of Georgia in the presence of Prime Minister, Irakli Garibashvili.
Tbilisi Outlet Village is expected to attract more than 7 million visitors in its first three years alone, including a significant number of cross-border travellers from Azerbaijan, Armenia, Russia and Turkey. The outlet’s location is particularly well suited – just 30 minutes south-east of the capital, directly on the busy E60 motorway. It benefits from a strong catchment made up of Tbilisi’s 1.4M resident population in a country of close to 4 million people.
Adds Robert van den Heuvel, Partner Leasing & Development at TORG International:“Ever since we started working on Tbilisi Outlet Village almost three years ago, developing this project has been an amazing journey – a great team effort. The response to the project has been overwhelming. Never in my career have I seen an outlet 60 per cent leased at this early stage of construction including so many top brands.”
