The Krtsanisi Presidential Residence in Tbilisi was the official Georgian Governmental and Presidential Residence including its Offices Hotels and Residences. Situated just above the main thoroughfare and the rehabilitated old town and city centre, it is fully enclosed by fortified security gates and less than 5 minutes from the main city square. The site is the most prestigious location in the country with wide recognition and the best development site. The Krtsanisi Presidential Residence has become the home of choice of all major Embassies and Missions, including the embassy of the United Kingdom, France, Germany, Iraq and the European Union. The Embassy of the United Kingdom and of France were opened during 2010. The Federal Republic of Germany bought its property within the Krtsanisi Residence from the owners of the Residence, Basel LLC during Q1 2012. Its high level Embassy is slated to be completed during 2013/2014. It is a most extreme unique opportunity, that after the sale and lease of the side of the property to the major countries and their Embassies, the Krtsanisi Presidential Residence is offering investors the opportunity to acquire the most prestigious development part of the property.

· Opportunity to acquire one of the finest properties in the Republic of Georgia

· 12,5 Hectares land plot in former Presidential Residence

· Close to City Center, yet nestled in voluptuous gardens

· Jones Lang LaSalle Appraisal of August 10, 2012: Market Value USD 33,000,000

· Auction in Tbilisi on December 12, 2012

· Starting Price at USD 14.9 Mio.

Source: www.dwvg.ge