Opening of the first outlet at the crossroads of East and West on track for Spring 2023
1 May, 2020 – Work has begun onsite at Tbilisi Outlet Village, a 20.000 square metre GLA development just outside the capital of Georgia. The very first outlet in the region, it is developed by Georgian Outlets & Resort Group (GORG) in close collaboration with TORG, The Outlet Resource Group. The opening of Phase 1, consisting of 12,500 square metres and 70 units, is well on track for Spring 2023.
Leasing has progressed strongly since the project went to market in the summer of 2020, despite the restrictions of the coronavirus pandemic. 50% percent of GLA is signed at this point, including a host of high-end, international brands – proving the reputation of Tbilisi as the fashion capital of Eastern Europe and one of the top emerging countries. The outlet’s location is particularly well suited – just 30 minutes south east of the capital and directly on the busy E60 motorway. It benefits from a strong catchment made up of Tbilisi’s 1.4m population and a significant number of cross-border travelers from Azerbaijan, Armenia, Russia and Turkey. Tbilisi Outlet Village is expected to attract more than 7 million visitors in its first three years alone.
Sandro Kordzakhia, Founding Partner of GORG and CEO of Domus, the construction company building Tbilisi Outlet Village, said: “We are proud to be building what will be the very first outlet village in this region. It is the result of a close collaboration between L35 – one Europe’s leading architectural firms who designed outlets like La Roca and Las Rozas in Spain – our local construction team and TORG The Outlet Resource Group. We have delivered major hotel and residential projects in Georgia over the years, but we are particularly excited about Tbilisi Outlet Village as it is our first major commercial real estate project.”
Guram Tsanava, also Founding Partner of GORG, added: “The outlet sector has proven to be resilient, both before and coming out of the pandemic. As our partners from TORG have observed over the years – outlets are good in good times and great in bad times. Tbilisi Outlet Village will not only create a memorable but also a safe experience with its open-air design that allows for easy social distancing. It will become a significant driver of the local economy, creating over 500 full and part time jobs and engaging many local parties already well before opening.”
Tbilisi Outlet Village will bring together the most exciting international and Georgian brands across a total of 110 carefully curated stores, representing 20,000 square.metres of GLA, built in 2 phases. The architects, Barcelona-based L35, have designed Tbilisi Outlet Village as a fusion between tradition and modernity, re-interpreting the historic city’s traditional facades and courtyards whilst bringing in iconic contemporary shopfronts. Paired with state-of-the- art facilities and an open-air design, Tbilisi Outlet Village is certain to offer guests not just excellent shopping at discounted rates, but also a safe and pleasant place to spend their time.