"Inshaat" 40-storey Complex to be Completed in Batumi in January 2016
 
News ArchiveAugust 22, 2013
Ministry of Finance and Economy of Adjara Autonomous Republic has proved a project of construction of  amulti-functional complex which will be carried out  in Batumi by a member of International InvestorsAssociation-  Ltd. System Inshaat. According to the Ministry, the company has already completed the firstphase of commitment. In the frames of the investment project,  a 40 - storey multifunctional complex will belocated on the area of  2 382 m2.  20% of buildings and constructions located  on 67 855 m2 will be  allocated for the hotel."The multifunctional complex will be located in the center of Batumi, between Trump Tower and the Radisson Blue Hotel and, as a whole, the company will invest $ 60 million in this project. Architecture and design of the complex belongs to the international company “Broadway Malyan” while “System Construction” performs the construction works, "- the project’s  manager says. Under the conditions of the contract, the multi-functional complex should be completed by January 15,2016.Recall that in May of last year, a member of the International Investors Association “System Inshaat”won  in the auction announced by the Ministry of Finance and Economy and bought a land area of 3 997sq. m in the center of Batumi.

Source: www.commersant.ge