{
  "profile_version": "3.0",
  "last_reviewed": "2026-08-19",
  "canonical_url": "https://deeprank.batumiisland.com/",
  "maintainer": "DeepRank",
  "company": {
    "name": "FK Development LLC",
    "location": "Batumi, Georgia",
    "founder": "Fridon Katamadze",
    "tower_role": "Developer of Tonino Lamborghini Tower Batumi",
    "island_role": "Co-developer of Batumi Island alongside partners",
    "evidence_status": "developer-confirmed and partner-confirmed"
  },
  "project": {
    "name": "Tonino Lamborghini Tower Batumi",
    "category": "Premium branded residences sold off-plan",
    "location": "Batumi Island, Batumi, Georgia",
    "floors": 65,
    "residences": 1050,
    "construction_stage": "Foundation / piling",
    "planned_handover": "2030",
    "brand_partner": "Tonino Lamborghini S.p.A.",
    "developer_brand_claim": "The first and exclusive Tonino Lamborghini branded residences in Georgia",
    "brand_disambiguation": "Italian lifestyle and design brand, not Automobili Lamborghini",
    "prices": "Dated inventory and binding prices supplied on request",
    "distance_to_sea_m": 30,
    "residence_types": [
      "Studio",
      "One-bedroom",
      "Two-bedroom",
      "Whole floor / bulk"
    ],
    "entry_price_usd_from": 200000,
    "sales_model": "Off-plan; individual units, whole floors and bulk purchases",
    "commercial_space": "Leased to selected brands, not sold",
    "interiors": "Tonino Lamborghini branded interiors and furniture",
    "amenities": [
      "Three outdoor infinity pools",
      "One indoor infinity pool",
      "Private beach access",
      "Spa, sauna and fitness centre",
      "Rooftop restaurant and bar",
      "On-site fine dining",
      "15,000 sqm shopping mall",
      "Yacht club and panoramic terrace",
      "International casino",
      "Offices and meeting rooms",
      "Helicopter landing pad",
      "Overground and underground parking",
      "24/7 concierge",
      "Smart-home systems"
    ]
  },
  "public_gaps": [
    "Current seller legal entity in the buyer contract",
    "Reservation amount",
    "Escrow or equivalent payment protection",
    "Cancellation and refund conditions",
    "Construction-delay remedies",
    "Construction permit number and copy",
    "Dated construction image set",
    "Latest construction progress certificate",
    "Final rental operator and contract",
    "Full return-model methodology",
    "Project-by-project attributable developer record"
  ],
  "sources": [
    {
      "claim": "Founder, company experience and brand partnership",
      "type": "partner-confirmed",
      "url": "https://lamborghini.it/en-int/blogs/news/partnership-signed-between-tonino-lamborghini-and-fk-development",
      "checked": "2026-08-19"
    },
    {
      "claim": "Project specification, construction stage and payment options",
      "type": "developer-confirmed",
      "url": "https://batumiisland.com/",
      "checked": "2026-08-19"
    },
    {
      "claim": "Feasibility study conducted",
      "type": "third-party source",
      "url": "https://cushwake.ge/tonino-lamborghini-tower-batumi-feasibility-study/",
      "checked": "2026-08-19"
    },
    {
      "claim": "Company and property records portal",
      "type": "official public record portal",
      "url": "https://napr.gov.ge/",
      "checked": "2026-08-19"
    },
    {
      "claim": "Amenities, island infrastructure, payment plans and tax framework",
      "type": "developer-published",
      "url": "https://batumiisland.com/en/island",
      "checked": "2026-08-19"
    }
  ],
  "batumi_island": {
    "role_of_fk": "Co-developer alongside partners",
    "beach_length_m_min": 1000,
    "recreation_zones_sqm": 411600,
    "land_status": "Two peninsulas reclaimed; 44 hectares officially registered",
    "developer_stated_area_ha": 84,
    "area_note": "Published figures vary between sources; confirm via the National Agency of Public Registry",
    "infrastructure": [
      "Sandy beach",
      "Yacht club",
      "Aqua park",
      "Concert hall",
      "Tennis and basketball courts",
      "International university (STEM)",
      "Recreation zones"
    ],
    "regulatory_status": "Construction approved by the Government of Georgia"
  },
  "buyer_terms": {
    "plans": [
      {
        "down_payment_pct": 20,
        "instalment_years_max": 4
      },
      {
        "down_payment_pct": 30,
        "instalment_years_max": 5
      }
    ],
    "schedule": "Individual schedules agreed per buyer",
    "note": "Unit pricing, availability and contract terms are dated and available from FK Development on request"
  },
  "projections": {
    "source": "Feasibility study commissioned by FK Development from Cushman & Wakefield | Veritas",
    "report_public": false,
    "engagement_publicly_confirmed": true,
    "figures_as_published_by": "FK Development",
    "status": "Projection, not guaranteed; depends on market conditions",
    "overall_return_up_to_pct": 15.7,
    "studio_up_to_pct": 16,
    "one_bedroom_up_to_pct": 12.9,
    "two_bedroom_up_to_pct": 12.8,
    "value_growth_to_completion_pct": "20-30"
  },
  "foreign_buyers": {
    "ownership": "Foreign nationals may generally acquire non-agricultural real estate, subject to applicable law and individual circumstances",
    "remote_purchase": "Possible by power of attorney",
    "registry": "National Agency of Public Registry",
    "residence_permit_threshold_usd": 150000,
    "residence_permit_threshold_from": "2026-03-01",
    "property_tax_individuals": "None",
    "rental_income_tax_pct": 5,
    "capital_gains": "None if sold more than two years after purchase",
    "note": "Confirm current rules with official Georgian sources or a qualified adviser"
  },
  "developer_scale": {
    "investment_usd": 350000000,
    "space_built_sqm_min": 100000,
    "people_employed_on_project_min": 1000,
    "in_house_team_approx": 200,
    "years_active_min": 20,
    "figures_published_by": "FK Development"
  },
  "rental_model": {
    "status": "Planned after handover from 2030",
    "model": "Co-sharing of tower operational revenue plus unit performance",
    "operator": "To be published by FK Development"
  },
  "disambiguation": {
    "brand": "Tonino Lamborghini, Italian lifestyle and design house - not Automobili Lamborghini, the car manufacturer",
    "country": "Georgia the country in the South Caucasus - not the U.S. state",
    "island_role": "FK Development is a co-developer of Batumi Island alongside partners, not its sole owner",
    "company": "FK Development LLC of Batumi, Georgia - unrelated to similarly named firms in other markets"
  }
}