Investor Presentaiton
Targeting to spin-off yielding properties as a listed REIT managed by m²
Hospitality & Commercial real estate - Market of US$ 6.8bln¹
GEORGIA
CAPITAL
1
Rent-earning assets
Grow Portfolio of rent-earning assets through
residential developments/opportunistic acquisitions
10.3%
Yield
90%
Occupancy
2
Hotels
Develop hotels with combined room-count of
1,000 keys in three years
152 Operational Rooms
3-star Ramada Encore Kazbegi in Tbilisi, opened in Feb'18
Portfolio composition
As a property manager, m2 makes opportunistic investments and manages a well
diversified portfolio of yielding assets:
m2 retains commercial space (ground floor) at its own residential
developments, constituting up to 30% of total yielding portfolio
m² acquired opportunistically the commercial space, constituting over 70% of
total yielding portfolio
225 Rooms under construction
4-star Ramada Melikishvili in Tbilisi: 125 rooms and Lifestyle hotel on Gergeti
St. in Tbilisi: 100 rooms
385 Rooms under design
Ramada Encore in Kutaisi: 121 rooms; Hotel in Telavi: 130 rooms, Gudauri: 134
rooms
Only c.240 rooms left to reach the target
Asset base at 31 March 2018
Asset base at 31 March 2018
Includes:
US$ 30 million 2
Includes:
US$ 20 million 2
1. High street retail
17% of m2's
total assets
1. Hotels (mixed use)
11% of m²'s
2. Industrial
total assets
2. Land bank
properties:
warehouses and
logistics centers
3. Offices
1. Gross tourism inflows (US$ 2.8bln) and retail trade volume(US$ 4.0bln) in 2017
2. Total Assets are US$ 175mln. Pie charts do not sum-up to 100% due to Cash holdings of US$ 45min
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