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Regular Scheduled Monitoring of Iberia by OPIC
On March 12 OPIC representative Mr. Kenneth Angel visited Iberia with the scheduled inspection. This was the second scheduled monitoring of the company by the US Government agency OPIC. The first visit of Mr. Kenneth Angel took place on October 23, 2009 for inspection of the work carried out by the company management.
IBERIA Participates in the Project “New Life of Old Tbilisi”
Georgian-American company JSC Iberia Real Estate participated in the second stage of Old Tbilisi rehabilitation program “New Life of Old Tbilisi”.
Appraisal and Results of Year 2009
Construction sector in 2009: against the background of the heavy inheritance of the year 2008 the year 2009 was rather critical for the most rapidly developing sector of the Georgian economy. The construction sector was declared the highest risk business not only in Georgia.
U.S. Small Business Uses OPIC Loan to Construct Apartment Buildings in Georgia
WASHINGTON, D.C. -- A U.S. small business will use a loan from the Overseas Private Investment Corporation (OPIC) to construct four residential apartment buildings comprising a total of 318 apartments in the Georgian capital of Tbilisi.
Minister of Economy Visits IBERIA
On December 16, the minister of economy of Georgia Mr. Zurab Pololikashvili was visited IBERIA Real Estate. He has hed meetings with the construction and developer companies for some days already in order to get acquainted with the current state in the construction sector
Kenneth Angel, OPIC Representative Visits IBERIA
The scheduled visit had place on October 23. The company management provided to OPIC representative the operations report. The shareholders and management together with the visitor inspected the construction in progress and attended the construction process whereupon they moved to IBERIA office.
IBERIA Recievs Another Financial Resource from OPIC
Negotiation between OPIC and JSC Iberia Real Estate of 10 million USD Credit Facility ended successfully. This is great success for Iberia taking into consideration current local and global econmic conditions.
IBERIA will Present at MIPIM
On March 10-13, 2009, Iberia with other real estate development companies and Tbilisi City Hall will participate in international real estate fórum – MIPIM in Cannes. Iberia will present it’s 5 projects including one residential, two mix use complexes, one business centre and one hotel Project. The total cost of these projects are USD 124 mln.
The leading economists from government and private sectors were involved in choosing the golden brands 2008. IBERIA was named, by the group of experts, as the best real estate development company, one of 40 nominantions.
Iberia Real Estate will receive new financial aid
JSC “Iberia Real Estate” is participating in the new Project carried out by “Bank of Georgia”. The purpose of the Project is to provide real estate companies with credit, which will be allocated as mortgage loans for the potential customers for their ongoing projects. The overall financial resource counts USD 28 million, which will be given to 10 development companies.