Panorama Batumi is a 40-story multifunctional complex by Tower Group on the first line of Batumi's seafront in the Tamar district, about 40 meters from the water and adjacent to the Ambassadori artificial island development. The project consists of three blocks: a 3-floor commercial base, a 38-40-floor residential tower with 610 apartments (31-122 m2, 3.0-3.2 m ceilings), and an 8-floor hotel block with bars and conference space. Amenities include an outdoor pool, spa, fitness center, restaurants, casino, business lounge, and two-level parking. Construction is under way with a live public webcam; developer materials indicate delivery in 2026. Prices start from $2,550 per m2 with interest-free installment plans.
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Who is the developer of Panorama Batumi?
Tower Group, a Batumi developer and subsidiary of construction company Gza; sales are handled via Central Management Group. Completed Tower Group projects include the Chateau Kvirike hotel complex, Kvirike Hills cottages (Kobuleti area), and the Batumi Central railway/mall complex. Panorama is its first 40-story seafront residential tower.
When will the project be completed?
Developer materials indicate delivery in 2026. Listing platforms show dates from May 2026 (batumi.estate) to Q4 2026 (korter.ge); the official project page does not publish a fixed date. Construction progress can be checked on the project's live webcam.
What are the prices and payment terms?
From $2,550-2,600 per m2; units start at ~30.7 m2. Developer channels offer 10% down with interest-free installments of 32-40 months; a 30% down variant is listed on korter.ge. TBC Bank mortgages from 7.8% are available.
Can foreign citizens buy and how is ownership registered?
Yes — freehold ownership with a foreign passport only. Title is registered at Georgia's National Agency of Public Registry (House of Justice); the developer offers registration after 30% of the price is paid, executable remotely by power of attorney. Georgia levies no annual property tax for most individual owners.
What is inside the complex?
610 apartments (31-122 m2) in a 38-40-floor residential block, a 3-floor commercial base with restaurants, casino and business lounge, and an 8-floor hotel block; outdoor pool, spa, fitness, conference spaces, two-level parking, 24/7 security.
How close is the sea?
About 40 meters; the complex is on the first line next to Batumi's artificial island development, with beach access that does not require crossing a road.
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