Founded in 2005
Silk Development is one of Georgia’s leading real estate development companies and a part of the larger Silk Road Group. Since 2005, the company has been developing premium residential, hospitality, and mixed-use projects that combine international standards, sustainable architecture, and exceptional locations across Georgia. Silk Development is recognized for collaborating with world-renowned architects, hospitality brands, and design studios to create landmark developments that emphasize quality, innovation, environmental responsibility, and long-term investment value. Its portfolio includes iconic projects such as Silk Towers, Green Cape Botanico, and luxury hospitality destinations operated in partnership with international hotel brands. The issuance was jointly led by J.P. Morgan and UBS as Joint Lead Managers, Bookrunners, and Rating Advisors. This landmark transaction represents the largest private corporate issuance ever from Georgia, the tightest spread achieved by a Georgian private issuer, and the country’s first international issuance since July 2024, effectively reopening international markets for Georgian borrowers. In addition to the leading international investment banks, the transaction’s co-lead managers included TBC Capital, Galt & Taggart, and the international brokerage and investment bank Oppenheimer. Legal counsel was provided by global law firms Baker McKenzie and Dentons in collaboration with Dentons Georgia and BLC, while KPMG acted as the auditor. The transaction attracted peak orders exceeding USD 1.3 billion, highlighting strong global investor confidence in the Group’s credit profile and long-term growth strategy.
Handover in Q4 2029
Silk Towers is an exclusive residential destination by Silk development, located in Batumi. Designed for modern living with considered amenities, flexible payment plans, and long-term investment appeal.