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Batumi Seafront
Silk Towers
Pre-sale · Foundation
Batumi Seafront · Batumi
Tower One on the Batumi Boulevard waterfront, by Kengo Kuma
Silk Towers is a beachfront mixed-use development on Batumi Boulevard, directly on the Black Sea waterfront in the historical center, by Silk Road Group. Tower One is the only tower currently on sale; the remaining towers are not yet released and are planned as hotel and residential. The project is in early-stage pre-sale, having commenced in 2025, and the current tower is positioned as an investment product.
Architecture is by Kengo Kuma and Associates, designer of Tokyo's Olympic Stadium, with landscape by Masu Planning, including a 20,000 square meter seaside recreation park.
The concept
The development is planned as a mixed-use destination: a luxury hotel, retail, fine dining, premium residences, a private marina, and the largest casino in the Caucasus. Construction targets LEED standards, with member commitments through the Sustainable Hospitality Alliance.
Investment context
Central Batumi rental yields run roughly 7% to 13% gross, higher in branded residences, and Batumi luxury prices have risen about 10% to 18% per year since 2020. These are attributed market ranges, not a forecast for any single unit. The developer's pitch materials project an early-investor IRR of 15% to 20% or more depending on unit, entry price, and management option, which is a developer projection and not a guarantee.
Features
Residential
Hotel
Retail
Marina
Casino
Gallery
Location
Batumi Seafront · Batumi, Georgia · Batumi Boulevard, Black Sea waterfront
Payment structure
Reserve: $2,500 to book a unit.
Plan: 20% at the start, then 48 months at 0% installment. Confirm the current schedule with the developer.
Investment and yield
Developer projection
15-20%Expected annual yield
per Silk Towers pitch materials (developer projection)
Developer projection only; not a commitment and not based on actual income data.
Specification
Finish and construction levels
Premium residential units across the tower. Example inventory includes a front-view one-bedroom on floor 27 offered at about $154,000 to $155,000. The full unit mix and size table is pending from the developer.
Income
Management and income split
60%
To owners
40%
To management company
per Silk Towers management terms
Rental is handled under a management agreement with a 60% investor and 40% management split. As a worked example for one unit, and not a guarantee: a one-bedroom at $155,000 with gross annual rental of $45,292.50. After the 40% management share and 18% Georgian income tax, the net to the investor is $22,283.91, about 14.38% net per year. The assumptions are the developer's, and actual results depend on occupancy and operations.
Silk Road Group
Silk Road Group is a major Georgian holding. By its own account it has invested more than $1B in Georgia to date and manages around $360M in real-estate assets. Its hospitality track record includes ownership of Radisson Blu Batumi and the Tsinandali Collection, and a 2023 $40M bond issue that was oversubscribed, an investor-confidence signal. Headline figures are the company's own and should be verified with the developer.
$1B+ invested in Georgia (company figure)Owner of Radisson Blu Batumi and the Tsinandali Collection2023 $40M bond oversubscribed
