project is for sale. The project investor, founder of CAPITAL PARTNERS OF
GEORGIA Giorgi Svanidze exclusively told "Commersant". According to Svanidze,
he withdraws from the Mirza-Shafi
project for several reasons, including the
lack of finances.
“I am withdrawing from the project. I’ve become a member of the Olive World Association Board this year and I switched to the agro sector. I believe Mirza-Shafi project should be carried out by an investor with relevant experience. Someone has already shown its interest but I can't specify the details, ” Svanidze notes.
As reported, the Mirza-Shafi project was announced years ago. In March 2019, Giorgi Svanidze told Commersant that the project was likely to start in a few months as the company was searching finances.
Giorgi Svanidze did not name a possible investor, but claimed it would be foreign capital and would be part of the project.
notes that together with the partners, historians, renowned
architects were actively involved in the work on the "Mirza
Shafi" project to fit it into the architecture of the ancient district of
Tbilisi Abanotubani as much as possible. The agreement was
also concluded with "Kempinski" brand on the
construction of the hotel.