AI Money University Appointed as Exclusive Sales Agent in Japan for Kengo Kuma-Designed 'Silk Towers' Mega-Complex in Batumi, Georgia

AI Money University Co., Ltd. (Headquarters: Nerima-ku, Tokyo; hereinafter "the Company") announces that it has entered into a sales agency agreement with Batumi Riviera LLC (hereinafter "Batumi Riviera")—the developer of the large-scale mixed-use project "Silk Towers" currently under development in Batumi, Georgia (also known as the Republic of Georgia)—and has been appointed as the official sales agent in Japan. This project marks the first in Georgia for Kengo Kuma & Associates, the architectural firm led by world-renowned architect Kengo Kuma, who is responsible for the master design.

Background of Agency Rights Acquisition

Georgia is strategically located at the crossroads of Europe and Asia and offers one of the most open investment environments in the region, featuring low taxation, full real estate ownership rights for foreigners, and free capital movement. In particular, Batumi, a resort city on the Black Sea coast, has been experiencing rapid growth as a year-round tourism and investment destination, recently being named the "World's Best Four-Season Tourist Destination" in 2024.

To date, the Company has provided information on overseas real estate investment through financial literacy and asset formation education. By securing the sales agency rights for Silk Towers—being constructed on the "last prime location" where Batumi's old town meets the seaside—the Company has now established a comprehensive support system to assist Japanese investors from property information dissemination, through purchase procedures, to rental management operations.

Silk Towers Construction Site

About the Developer: "Silk Development" / "Silk Road Group"

Silk Towers is being developed under the "Silk Development" brand. Silk Development is the real estate development division of Silk Road Group, the largest private investment group in the Caucasus region. Founded in 1997 by Giorgi Ramishvili, Silk Road Group is one of Georgia's largest conglomerates. Its portfolio includes major companies such as Silknet (the country's leading telecom provider), Silk Bank, Silk Road Energy (renewable energy), Euronews Georgia, and National Geographic Georgia, employing over 5,000 people.

In 2025, the group issued a $400 million international bond with a 7.50% interest rate over five years (with a two-year grace period), co-led by J.P. Morgan and UBS. This marked the largest corporate bond issuance by a private company in Georgia's history, widely reported in local media, with demand exceeding $1.3 billion—over three times the issuance amount.

Under the Silk Development brand, the group has completed over 10 large-scale projects, including the Radisson Blu Iveria Hotel (Tbilisi), Radisson Blu Hotel Batumi, the multi-functional complex "Republic" in central Tbilisi, and the cultural and wine tourism destination "Tsinandali Estate," attracting over $1.3 billion in total investment into Georgia.

In 2025, the group opened "The Telegraph Hotel," a luxury hotel converted from the former central post and telegraph office on Rustaveli Avenue in Tbilisi. It became the first hotel in the Caucasus region to join The Leading Hotels of the World, earned two Michelin Keys in the Michelin Guide 2025 (the first in the region), and in 2026 was selected as one of only 16 hotels worldwide to receive the "World's Most Beautiful Hotel" award by Prix Versailles in collaboration with UNESCO.

The Company has previously delivered overseas investment opportunities to domestic clients through asset management and real estate investment education. This partnership now enables us to introduce real estate investment in Batumi, a Black Sea resort city, as a new investment option to a broader range of customers.

Project Overview: "Silk Towers"

Silk Towers is a large-scale, approximately 10-hectare mixed-use development led by Silk Development, a developer under the Silk Road Group. Envisioned as a "city within a city," the project will include residences, a hotel, a casino, restaurants, retail spaces, spa and fitness facilities, and a yacht club.

Silk Towers Aerial View

Location Batumi, Georgia (seaside front, adjacent to the old town, 250m from the Ali & Nino statue)

Design

Kengo Kuma & Associates (Tokyo/Paris)

Developer

Silk Development (Silk Road Group)

Construction

Coteccons (Vietnam's largest construction firm; builder of Landmark 81 in Ho Chi Minh City)

Facade Engineering

AKT II (London)

Landscape Design

MASU Planning (Copenhagen)

Use

Mixed-use (residential, hotel, commercial, casino, yacht club)

Unit Types

Studio, 1-bedroom, 2-bedroom

Phase 1 (Tower 1, Building 4, public park, yacht club) scheduled for completion in December 2029

Project Introduction Video: https://www.youtube.com/watch?v=ZJWOgGLgIL4

About Kengo Kuma & Associates

Kengo Kuma founded his architectural firm in 1990, and his projects now span over 50 countries worldwide. He is internationally acclaimed for creating architecture that redefines the relationship between nature, technology, and humanity. In 2021, he was named one of TIME magazine's "100 Most Influential People in the World" and has received numerous awards, including the 80th Imperial Prize and Japan Art Academy Prize.

Notable works include the National Stadium—the main venue for the 2020 Tokyo Olympics and Paralympics—V&A Dundee in Scotland, the reconstruction of the Kabukiza Theatre in Tokyo's Ginza district, the Nezu Museum, and Takanawa Gateway Station, among many other landmark buildings both in Japan and abroad.

Silk Towers marks the firm's first project in Georgia, characterized by bioclimatic design (based on wind and solar radiation analysis) that responds to Batumi's climate and terrain, and façades incorporating locally sourced stone from Borjomi.

Investment Features

Full real estate ownership is permitted for foreigners (excluding agricultural land). There is no equivalent to a "real estate acquisition tax"; only registration fees and other actual expenses apply.

Rental income tax is a flat 5% of total income for individuals renting out residential properties.

Annual property tax ranges from approximately 0.05% to 1% of the assessed value (rate varies based on household annual income level).

Upon sale, capital gains tax is waived for residential properties held for more than two years from the date of acquisition.