Investor Presentaiton
m² - affordable housing track record
Operating/Financial data for completed and on-going projects at 31 March 2018
Number of
#
Project name
Number of
apartments
apartments
sold
Number of
apartments
sold as % of
total
Number of
apartments
available for
sale
Start date
(construction)
Actual/
Planned
Completion
date
(construction)
Construction
progress
Total Sales
(US$ min)
Recognised as
revenue (US$
mln)
Deferred
revenue (US$
mln)
Deferred
GEORGIA
CAPITAL
revenue
expected to be Land value
Realised &
recognised as unlocked (US$) Expected IRR
revenue in
2018
Completed projects
1,691
1,680
99.3%
11
145.5
145.4
19.5
1
Chubinashvili Street
123
123
100.0%
Sep-10
Aug-12
100%
9.9
9.9
0.9
47%
2
Tamarashvili Street
525
525
100.0%
May-12
Jun-14
100%
48.9
48.9
5.4
46%
3
Kazbegi Street
295
295
100.0%
Dec-13
Feb-16
100%
27.2
27.2
3.6
165%
4
Nutsubidze Street
221
221
100.0%
Dec-13
Sep-15
100%
17.4
17.4
2.2
58%
5
Tamarashvili Street II
270
266
98.5%
4
Jul-14
Jun-16
100%
24.3
24.3
2.7
71%
6
Moscow Avenue
238
238
100.0%
Sep-14
Jun-16
100%
12.3
12.3
1.6
31%
7
Skyline
19
12
63.2%
7
Dec-15
Dec-17
100%
5.4.
5.4
3.1
329%
On-going projects
1,202
1,049
87.3%
153
84.6
62.3
22.3
21.9
14.2
8
Kartozia Street
801
738
92.1%
63
Nov-15
Oct-18
84%
51.9
41
10.9
10.9
5.8
60%
9
Kazbegi Street II
303
223
73.6%
80
Jun-16
Nov-18
52%
19.5
12.5
7
7
4.3
51%
10
50 Chavchavadze Ave.
82
74
90.2%
8
Oct-16
Oct-18
84%
9.7
7.3
2.4
2.4
3.3
75%
=
11
Melikishvili ave.
16
14
87.5%
2
Sep-17
May-19
11%
3.5
1.5
2
1.6
0.8
101%
Total
2,893
2,729
94.3%
164
230.1
207.7
22.3
22
33.7
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