PROJECT

Projects

Summary of Investment Information

Project Number

32574

Company Name

JSC GEORGIA REAL ESTATE

Date SPI Disclosed

Feb 1, 2013

Country

Georgia

Region

Europe

Projected Board Date

Mar 29, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Dec 1, 2016

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Tourism, Retail and Property

Previous Events

Approved : May 7, 2013
Signed : May 28, 2013
Invested : Feb 25, 2014

Sector

Construction and Real Estate

Project Description

The Project consists of providing an up to US$13M revolving loan facility for the development of mostly affordable housing projects in Georgia sponsored by SB Real Estate (“SBRE”, the “Company” or the “Borrower”), a wholly-owned subsidiary of Bank of Georgia (“BoG” or the “Bank”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation