Gumbati Holding has been operating on the Georgian market for 8 years. During this time, it has successfully completed 4 projects, while 3 others are ongoing. The recent increase in the company’s activity is mainly linked to its largest project so far – “Vake Residence.” The investment cost of this project exceeds $30 million.
Construction works are carried out by Gumbati Group – a company with 24 years of experience in this field.
“Vake Residence” is a premium-class multifunctional complex that will cover an area of more than 1 hectare. The total built space will exceed 100,000 m2, which includes commercial and office spaces, as well as residential apartments. The project features modern architecture and design, which is reflected in the unorthodox recreational space and 6 m common-use open terraces between floors. Residents of the complex can therefore relax and unwind in a densely populated area – even on the 10th and 11th floors of the building, where panoramic views open over the central part of the Vake district on one side, and over Mziuri Park on the other. Covering a total of 4,000 square metres, there will be recreational and entertainment areas, a running track and other infrastructure that creates the feeling of living in a natural environment, even on the high floors of a building in a densely populated area. In addition to the terraces between the floors, the residents of the top floor will have the opportunity to own private patio-terraces , which will allow them to feel like they live in their own house. Along with the unorthodox recreational spaces, the complex will feature a 3,000 m2 green courtyard and a three-level parking garage for up to 600 cars.
The project fully meets the modern public demands. “Vake Residence” is therefore designed for people who value comfort, quality and time… people who wish to live in the city centre and enjoy all the important services in one space. That is why they prefer multifunctional complexes. Many customers view the “Vake Residence” apartments as an investment, as demand for real estate, and multifunctional complexes in particular, grows every day. Buyers know that their property will be worth considerably more even after 1 year, especially when construction is completed. Furthermore, the project is serviced by a management company, which represents an additional benefit for those who plan to rent out their apartment in the future.
The main advantages of “Vake Residence” – for residents and investors alike – are the scale of the project, the unusually diverse recreational spaces, and its prime location close to the main commercial, public and business areas.
Construction is actively ongoing, and is due to finish in December 2025, despite the scale of the project. Future plans involve the creation of added value and services for the residents. To this end, the needs of property owners with regards to the interior design of their apartments will be determined prior to the completion of construction, and negotiations will be held with different suppliers of furniture and building materials. “Vake Residence” will help residents get special deals on interior design materials and other household items, once again highlighting what the project stands for: comfortable living and successful investment.
