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Nelia Corporation A.V.V.

Nelia was formed in 2004 as a vehicle to invest in the Georgian Reconstruction and Development Company N.V. (GRDC) and remains its largest shareholder. GRDC's subsidiary, GRDC 1 Limited, is Georgia's leading real estate development company with 25 million square feet planned across 22 sites. Nelia is managed by Argo St George.

www.grdc.ge