JSC IBERIA Real Estate (“Iberia”) is one of the leading real estate development companies in Georgia. Iberia, which operates on Tbilisi real estate market, has grown dynamically over the last nine years. IBERIA has completed nine projects and has 11 ongoing projects in various sectors, such as residential, office, commercial and hotel. In January 2008, Iberia successfully completed significant capital increase by issuing new shares, representing a 40% of equity stake in Iberia, to New York based investment fund Firebird Avrora Fund, LLC. Today, Iberia is one of the largest and fastest growing companies operating in the real estate market in Georgia with solid pipeline of unique interesting projects.