The project was developed by Georgian Outlets & Resort Group (GORG) in close collaboration with TORG International and 60% of the space is already leased. The opening of Phase 1 of Tbilisi Outlet Village consisting of 12,500 sq m and 70 units, is well on track for autumn 2022. It will ultimately bring together a selected mix of brands on 20,000 sq m and 110 units.
Barbara Horatz, Partner Retail & Marketing at TORG International says: “Georgia is a strongly emerging market and a fashion hotspot at the edge of Europe that many brands are looking at in these turbulent times. We felt hugely honored to receive the prestigious prize as Project of the Future at the CEE awards in Warsaw in October.”
Robert van den Heuvel, Partner Leasing & Development at TORG International adds: “Ever since we started working on Tbilisi Outlet Village almost three years ago, developing this project has been an amazing journey – a great team effort.”
Guram Tsanava, Founding Partner of GORG further explains: “We are creating a completely new shopping experience for Georgia, a fusion of tradition and modernity. It is also the fruition of a close collaboration between our team at TORG International, Barcelona based L35, London based Innesco, and our local construction team, the Domus Group.”
In the post-pandemic era, particular attention has been given from the start of construction to provide for superior safety and hygiene standards. The outlet will implement a high level of ESG (Environmental, Social and Governance) criteria for a sustainable and responsible future of the asset and to ensure long-term value for all its stakeholders. The project recently received the award of “Project of the Future” at the CEE Investment Awards in Warsaw.