Silk Development — the property development division of an investment holding company Silk Road Group, which manages all the group’s construction projects in Georgia. The company has been operating in the market since 2005 During this time, it has built up a portfolio comprising premium residential property, five-star hotels (including Radisson brands), mixed-use developments and large-scale infrastructure projects. The total volume of investment in the country’s economy exceeded $1.3 billion, and the number of projects completed stands at more than ten. Silk Development collaborates with world-class architectural firms, including Kengo Kuma & Associates и David Chipperfield Architects, which enables us to set new standards for quality and sustainable development in the urban environment.
The company's flagship project Silk Towers in Old Batumi, at 6 Barbiosi Street, just 100 metres from the sea. This mixed-use development, spanning a site of almost 10 hectares, will bring together luxury apartments, five-star hotels, a casino, restaurants, spas, swimming pools, a yacht club with a marina and a 2-hectare public park designed by the Danish firm MASU Planning. The complex will rise to 47 storeys, with completion of the first phase scheduled for 2029. In addition to Silk Towers, the company’s portfolio includes— Green Cape Botanico (80 flats near the Botanical Gardens, fully sold), Telegraph Hotel in Tbilisi (239 rooms, a member of The Leading Hotels of the World), a restaurant in Abastumani, as well as Radisson hotels in Tbilisi, Batumi and Tsinandali, a complex Republic, Iveria Beach Club и Park Hotel Tsinandali.
Five-star award from the European Property Awards
The Silk Towers project received the Five-Star Award at the European Property Awards 2026–2027 and was also the only Georgian project nominated for the MIPIM Awards 2026 in the Mixed-Use category.
FIABCI-Georgia Prix d’Excellence and Archello Awards
The Green Cape Botanico residential complex has won awards at the FIABCI-Georgia Prix d’Excellence Awards 2024 and the Archello Awards 2024, and has also been shortlisted for the European Union Prize for Contemporary Architecture — Mies van der Rohe Awards 2026.
MICHELIN Key for hotels
Two hotels managed by Silk Hospitality — The Telegraph Hotel and Tsinandali Estate — have been awarded MICHELIN Keys in the MICHELIN Guide 2025, confirming the group’s high standard of hospitality.
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