Developer-Direct · Tbilisi, Georgia

We develop
our own projects.

Investors, operators and buyers contract directly with LD Estates. Three projects have been taken from acquisition to exit. The current project, a black-frame building in Avlabari, is on offer now.

Request investor pack See the Avlabari building

3 completed projects · Avlabari building on offer · Black frame complete

Developer‑direct. Your agreement is with us.

We develop, control, and deliver every project ourselves. Investors and operators engage directly with the team executing the work.

We build and deliver

The Avlabari project is held by LD Estates LLC. Investors and operators engage directly with the team responsible for its development.

Selective pipeline

A small number of high-conviction projects at any one time. Focused capital deployment means we are directly accountable for each project’s outcome.

Direct agreements

Terms are agreed with the people who make the decisions and do the work.

Request investor pack

Avlabari. On offer now.

A black-frame building near Holy Trinity Cathedral, offered directly by LD Estates, the developer behind it. Acquire selected units, or the whole building as it stands or completed.

  • Address 41a Saingilo Street, Avlabari, Tbilisi
  • Building Four levels built, roof slab at +9.60
  • Stage Black frame complete
See the Avlabari building
Aerial view of the four-level concrete shell of the Avlabari building with the Tbilisi cityscape and hills behind it and the surrounding residential neighbourhood
Current condition — the building in its Avlabari city context

Investment Proposition

Shell-stage acquisition offers entry before fit-out premium. Configure the building to its intended use without demolition costs or inherited constraints.

  • Basis advantage — Enter at shell stage, before fit-out value is added
  • Developer-direct — No broker fee for the buyer; the contract is with the developer
  • Use optionality — A commercial building whose core (a lift and two connected escape stairs) suits any commercial use. LD Estates’ business plan is an office, a supermarket and short-stay rental apartments; a clinic, school, headquarters office or guesthouse are alternatives
  • Configuration control — Design MEP, layouts, and finishes to end-user or operator specifications

A whole-building buyer sets the timing and the configuration. For selected units, the layout, fittings and handover condition are set in a technical specification agreed with LD Estates before contract.

The units and their areas are published on the Units page. The ways to acquire are set out under Acquisition Options; the proposed terms for each are in the investor pack, sent by email on request — request the investor pack.

Architectural visualization of a completed interior fit-out — illustrative, one possible outcome for the Avlabari investment building Current interior black-frame condition showing open floor plan with concrete columns, exposed ceiling slab, large window openings, and natural light Black Frame Today Fit-Out Vision
Left: black-frame interior — current condition. Right: fit-out vision — architectural visualization, illustrative only.

Use Cases

The building is commercial, and its core (a lift and two connected stairs giving two escape routes) suits any commercial use. LD Estates’ business plan is an office with its own yard on the ground floor, a supermarket at street level with its storage below, and short-stay rental apartments on the floors above. The same building could serve a company headquarters, a school, a clinic or a guesthouse.

The business plan is not a condition of sale; layouts and fit-out are the buyer’s choice, and none of these uses is in operation yet. The units, their areas and drawings, and a managed-lease programme under consideration are described on the Units page.

Use cases in full

Explore your investment scenario

Enter your purchase, completion and resale assumptions to calculate an illustrative return. The calculator works only with the figures you enter: it shows no prices and promises no return.

Investment Scenario Calculator

Uses only the figures you enter below — nothing is pre-filled.

Enter all four figures above to see a modelled outcome. Completion budget and other costs may be entered as 0 — every field must be filled in.

This is a total return for the scenario, not an annual rate. Financing, taxes, transaction and holding costs are included only to the extent you add them under “Other costs” above.

Illustrative calculation using your assumptions. Not an asking price, valuation or guaranteed return.

Discuss this scenario

The enquiry form opens with Avlabari selected. A completed scenario is placed in its message field, where you can edit or remove it before sending.

Completed projects

Three completed projects across residential, commercial, and development land in Tbilisi. Each taken from acquisition to exit under developer control.

3 Projects delivered
1 Featured opportunity
4 Tbilisi districts
9 mo Fastest acquisition to exit
Tabor Hill Villa — three-storey villa at black-frame stage, Tbilisi

Tbilisi · Residential Villa

Tabor Hill Villa

Plot bought at municipal auction, permitted in a protected district, built to black frame and sold within nine months.

Old Tbilisi Office — completed adaptive reuse conversion

Old Tbilisi · Commercial Conversion

Old Tbilisi Office

Adaptive reuse conversion completed to occupancy readiness. Heritage district office space delivered on developer timeline.

Arrange a conversation.

Request the Avlabari investor pack, or speak to the developer directly.

Choose Avlabari to request the investor pack by email.
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Who you will speak to

Archil Gersamia — Managing Director

Or speak directly

+995 591 400 813
[email protected]
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