Developer-Direct · Tbilisi, Georgia

Built in Tbilisi.
Delivered direct.

LD Estates develops and delivers its own projects. Investors and operators work directly with the team executing the work — no intermediaries, no agency layer.

3 completed projects · 2 active developments

Architectural visualization of Avlabari building with stone-clad contemporary facade viewed from street angle — approved design concept, not current condition Current black-frame concrete shell of the Avlabari investment building, side elevation showing existing structure Shell Today Approved Vision
Avlabari Investment Building · drag to compare current shell with delivered vision.

Current opportunities

Two active projects available via developer‑direct. Project information provided on request.

Avlabari — shell complete exterior, current condition

Avlabari, Tbilisi · Mixed-use

Available — shell complete

Avlabari

Boutique mixed-use building with rooftop potential. Shell complete and ready for operator or fit-out pathway. Suited to boutique hospitality, clinic, or flexible commercial use.

Lisi Lake — Tbilisi hillside location context

Lisi Lake, Tbilisi · Residential Development

Permitted 2026 — details on request

Lisi Lake

Premium hillside development positioned for long-term capital value. Location details and project materials available to qualified investors on request.

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
2 Active developments
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.

Tabor Hill Development Site — assembled and permitted land

Tbilisi · Development Land

Tabor Hill Development Site

Land assembled, permitted, and brought to full development readiness. A clean exit at the site-ready stage.

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.

Developer‑direct. No intermediaries.

We develop, control, and deliver every project ourselves. Investors and operators engage directly with the team executing the work — not a sales layer in between.

We build and deliver

Every project is developed and controlled by our own team. Each is held in its own company under the same management — Avlabari by LD Estates LLC, Lisi Lake by Lisi Lake Estates LLC.

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.

Aligned partnerships

Investor and operator agreements are clear and direct. We move quickly when interests align — no approval chains, no third-party coordination layers.

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Archil Gersamia — Managing Director

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