Since the groundbreaking celebration in September 2021, construction of the 12,500 sq m phase 1 of Tbilisi Outlet Village has well progressed. The opening is now set for spring 2023.
The outlet was developed by Georgian Outlets & Resort Group (GORG) in close collaboration with TORG International and 60% of the space is already leased.
Barbara Horatz, Partner Retail & Marketing at TORG International says:“We felt hugely honored to receive the prestigious prize as Project of the Future at the CEE awards in Warsaw in October last year. It is a testimony to the recognition of the project in industry circles.”
Robert van den Heuvel, Partner Leasing & Development at TORG International adds:“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.”
Guram Tsanava, Founding Partner of GORG further explains: “We are creating a completely new shopping experience for Georgia. It is an initiative that would not have been possible without the active support of the Government of Georgia for which we are grateful.”
The opening of phase 1 will have 70 units and the following phase 2 will expand the area to 20,000 sq m in total with 110 units over the next three years. It benefits from a strong catchment made up of Tbilisi’s 1.4 million resident population in a country of close to 4 million people.