Simetria Park is a people-oriented space, a regionally advanced and outstanding project with plans, architecture, urban development and ecology.

From an urban, densely populated environment to the outskirts of Tbilisi, to live in an ecologically clean place that is important to more people. The Capitol Real Estate team made this an opportunity to implement a new, different and bold project. In 2016, the company purchased land in Okrokana and started the implementation of the project. It is significant, as a result of the pandemic of 2020, the trend of residential areas, who combine townhouses with their own plots of land, has further developed.

Simetria Park is a premium-class, closed residential complex, which is 8 minutes' drive from the historical part of Tbilisi. It is located on an area of ​​20,000 sq/m and includes 39 private apartments and 31 individual houses. The complex is the best opportunity for people who live in search of an alternative and, at the same time, have proximity and want their own yard.

Despite the difficulties caused by the pandemic and the large calculation changes, Simetria Park is underway, another real estate demand increase. The capital of the project was raised from various sources, and the credit resource for its implementation was provided by Halyk Bank.

Project implementation

Simetria Park is managed by Capitol Rial Eastate, and Simetria, a member company of the group, is working on its development. Within the current project:
• 20,000 sq/m land was purchased in Okrokana;
• An agreement on project management has been signed with Simetria Real Estate Development Company;
• A credit agreement has been signed with Halyk Bank on the full financing of the project;
• Active construction works and sales are underway;

Expected results of the project

Planned and expected results are:
Internal rate of return on equity (IRR Equity) — 19.8%;
Internal rate of return on assets (IRR Project) — 17.0%;
ROE Return on Equity — 49.2%;
ROI Return on Invest — 18%.