So-called Rikhe Jugs sold for 10,020,000 GEL
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The company Global Victory Trust purchased 14,591-square meters plot of land with N1 building (known to the public as "Rikhe Jugs") located in Rike, Tbilisi, for 10,020,000 GEL at an electronic auction.
According to Georgia’s National Agency of State Property, under the terms of the auction, the prospective owner of the object is obliged to arrange a museum of wine, digital art and technology, as well as exhibition and conference spaces in the area within 36 months, for which he will invest at least 20 million GEL.The further development of the facility will contribute to the emergence of a new tourist attraction in the Rike area, which will further enhance the tourism potential and increase the number of visitors.
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One US dollar trades at GEL 2.7755
14/03/2025
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