OREANDA-NEWS. July 12, 2012. An international competition has been announced regarding a large-scale project by TBC Bank that will see the construction and design of the bank’s new corporate head office. Both Georgian and international architectural companies will participate in the competition. 

TBC Bank’s new building will become the largest business-center in Georgia.

The competition for the draft project of the facade design and general plan was announced by TBC Bank on July 10. The deadline for application is August 25.

The building site of the new office is the former home of the Caucasus Military Staff located on Vake-Saburtalo Road (University St #2). The property was purchased by TBC Bank via government tender.

The building’s size is 33, 000 square meters, with the total property encompassing

43, 000 square meters in total.

A competition of this size and magnitude has not been held in Georgia over a decade. More than 20 Georgian companies and 6 foreign companies will take part in the competition. The entire funds that will be dispersed to the top three winners will total 100, 000 GEL; (50, 000 GEL will be granted to the first place winner, 30, 000 GEL to second place and 20, 000 GEL to the third place winner).

The results of the competition will be announced in September. A jury panel will chose the winners. The chairman of the Jury will be an internationally known, foreign architect.