Geographic and Colliers about Abastumani Development Project

Considering its historical context and unique natural and climatic conditions, Abastumani has always held a significant place on the map of cultural heritage of Georgia. Its potential to become a touristic center was clearly defined, and with this in mind, in 2018 the Municipal Development Fund of Georgia started working on an Abastumani master plan, with Colliers International and Geographic.

When conducting resort planning, it is important to make it systematic, which together with the urban vision requires feasibility study of the development. That is why the collaboration between these two companies was started.

The role of Geographic in the project was to prepare a general and development plans for the settlement of Abastumani. As the result of the work carried out by their team of 20 people, the plans were developed providing balance between green spaces and urban locations attractive for investment.

Colliers worked on the development concept for Abastumani. At the initial stage they studied the local and international counterparts of Abastumani in order to correctly define the resort’s positioning. Based on the tourism and consumer segment research they drew a function mix of the resort and carried out financial calculations.

As a result, the joint work of both companies provided the important parameters that will create a better understanding of the resort’s potential for investors interested in Abastumani and will facilitate the planning of the investment stages.

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