m² develops finished and off-plan homes, residential districts, commercial space, and mixed-use urban communities in Georgia, primarily for households seeking serviced, comfortable housing with integrated amenities, infrastructure, energy-efficient construction, and ongoing residential complex management services.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
| Project | Overall | Structure & systems | Management & living |
|---|---|---|---|
| m² at Hippodrome 2Tbilisi801 units | 8.0/ 10 | 7.5/ 10 | 8.0/ 10 |
The 4.4/5 building rating from 417 reviews is the anchor, converting to approximately 8.2/10 on the specified market curve. The score is held slightly below that anchor by the recurring crowding/planning criticism, while the review evidence supports a strong but not flawless living experience; the available physical-system evidence is positive in official descriptions but includes isolated complaints about sound transmission and quality, so structure is scored more cautiously. | |||
The published project material describes a completed three-block complex with fire-protection systems, fire-resistant entrance doors, claimed energy efficiency of up to 23%, and post-occupancy cleaning of entrances and elevators. Resident feedback is mixed: one review says there were “no electricity or water blackouts” and “free elevators,” while another says sounds pass through “like there were no walls” and alleges shortcuts and low-quality construction; these are individual reports rather than a published structural sub-rating. | Daily-life feedback is generally favorable about convenience: reviewers mention nearby shops and services, playgrounds, parking, security, and clean entrances, with one calling the apartment “cozy and warm.” The main lifestyle reservations are density and planning—“Too many buildings for a living complex”—plus a complaint about roadside unsorted bins and a review reporting sounds passing through “like there were no walls.” | ||
| m² at MelikishviliTbilisi16 units | 7.4/ 10 | —/ 10 | —/ 10 |
The only building-specific published rating located is 5.0/5 from one review, so it is the anchor but cannot be used at face value under the rule for ratings with fewer than ten reviews. Applying the required small-sample constraint keeps the overall score within one point of 6.5; no structure or living sub-score is assigned because no review-derived evidence supports either component. The building is identified elsewhere as delivered in 2020, but that is project-status evidence rather than a resident rating. | |||
no notes returned no links returned | no notes returned no links returned | ||
| m² at ChkondideliNadzaladevi, Tbilisi1,543 units | 7.3/ 10 | —/ 10 | 7.3/ 10 |
The 4.4/5 building rating from 71 reviews sets the level and converts to 7.8/10 under the specified curve. A single serious wastewater complaint warrants a modest downward commentary adjustment, while the other sampled complaints are isolated; no separate structure score is assigned because no structure rating was published. | Not found in sources: No published engineering review · No published lift-performance review · No published recurring systems-maintenance evidence | ||
The published project descriptions specify a monolithic reinforced-concrete frame, insulated facade, soft waterproofing and internal roof drainage; the developer also says a backup generator serves fire-safety systems, pumps and elevators. The only direct infrastructure complaint located was serious: a reviewer said builders broke a wastewater tube and that after three days water was still coming directly onto the street; this is a single report, not evidence of a recurring defect. | Daily-life feedback is mixed. One reviewer described the complex as “მაღალი ხარისხის, კარგი საცხოვრებელი კომპლექსია” (a high-quality, good residential complex), while another said the courtyard was “very untidy”; another reported stadium noise continuing every day, including at 1 a.m. The developer describes a landscaped internal courtyard, green areas, sports courts and children’s playgrounds, but those are developer-published amenities rather than resident ratings. | ||
| m² at Mirtskhulava — Buildings I–VIIIDidube, Tbilisi | 7.0/ 10 | —/ 10 | 7.0/ 10 |
Madloba’s 4.1/5 aggregate from 9 reviews is the only published building-specific rating located, so it sets the level; because it has fewer than 10 reviews, the result is kept within one point of 6.5. The converted anchor is 7.3, then the serious elevator report and limited positive commentary produce a 7.0 overall resident-experience score. No published structural sub-score was found, so structure remains null. | Not found in sources: No independent engineering review located | Not found in sources: Limited detailed resident feedback | |
The official project page states that Buildings I–VIII were completed and that a backup generator supplies elevators, fire-safety systems, drinking-water pumps and emergency lighting. However, the published Madloba review from March 20, 2026 reports that residents had relied on one of three elevators for weeks before that elevator also failed, calling the elevator interiors awful; this is a serious but single-review infrastructure report, not a published structural sub-score. | The project materials describe a 4,500 m² landscaped courtyard, parks, sports courts, playgrounds and a location about ten minutes from Didube metro. Resident-facing feedback is mixed: one review says “There are plenty of shops near this complex,” while another asks, “Why does no one seem to care?” after prolonged elevator failures; the page’s published aggregate is 4.1/5 from 9 reviews. | ||
| m² at ChavchavadzeTbilisi82 units | 6.3/ 10 | —/ 10 | 6.3/ 10 |
Google Reviews/Maps is the only published building-specific aggregate located and reports 3.7/5 from 3 reviews; because the review base is below 10, the score is kept close to the prescribed 6.5 small-sample level. The written comments are two positive and one negative, with no recurring theme meeting the reporting threshold and no review evidence supporting a structure score. | Not found in sources: No review-based structural praise found · No review-based plumbing praise found · No review-based HVAC praise found · No review-based electrical praise found · No review-based waterproofing praise found · No review-based structural complaint found · No review-based plumbing complaint found · No review-based HVAC complaint found · No review-based electrical complaint found · No review-based waterproofing complaint found | Not found in sources: No operational complaint in positive reviews · No recurring management complaint found · No recurring security complaint found · No recurring upkeep complaint found | |
no notes returned no links returned | The visible building reviews are sparse but mostly favorable: one 5/5 review says, “Современный дом, есть консъерж, во дворе парковка, всё чисто и опрятно” (“Modern building, there is a concierge, parking in the courtyard, everything is clean and neat”). A separate 1/5 review objects that “They built a huge block on the place of 3 store building,” while no repeated operational complaint is visible. |
Historically owned 100% of the company, according to the older bond prospectus; this is historical ownership, not current ownership as of the research date.
Allocated a USD 10 million loan for two residential buildings developed through m²’s affiliated Optima.
Financed an m² energy-efficiency residential-development project.
Provided financing and technical assistance for m² energy-efficiency projects.
Supported the energy-efficiency initiative implemented by m².
Worked with m² on the completion of suspended Sveti projects and on social and environmental initiatives.
Its three suspended Tbilisi projects were transferred into an arrangement for m² to complete them, with contracts involving Sveti companies and landowners.
Performed or was designated to perform construction and engineering works for m² projects, including the Sveti completion program.
Co-developed the Construct2 civil-engineering college project with m² and BK Construction.
Worked with m² on a nationwide electric-vehicle charging infrastructure campaign, with m² as general partner.
Co-funded an autism-spectrum rehabilitation social project with m².
Entered a memorandum under which m² became sponsor of the Union and the national team.
Partnered with m² on an exclusive collection of bags built around the m² brand message.
The 100% stake in the company is owned by investment company JSC “Georgia Capital”.
In 2021, the Asian Development Bank allocated financial resources in the amount of $10 Million for the development of two residential buildings to the LLC “Optima”, the affiliated company of m² and Georgian Real Estate (GRE).
m², together with Kutaisi City Hall, has announced the company's next corporate social responsibility project.
m² and “Rugby Union of Georgia” signed Memorandum of Cooperation, as a result of which, m² has become the sponsor of the Rugby Union and the Rugby National Team.
The leading real estate development company “m²” and “Funduki” family business model store ... announce their partnership.
The project was financed by the International Finance Corporation and the Green for Growth Fund, and supported by the EU.
The project was financed by the International Finance Corporation and the Green for Growth Fund, and supported by the EU.
The project was financed by the International Finance Corporation and the Green for Growth Fund, and supported by the EU.
On September 11, the memorandum of cooperation was signed between Tbilisi Municipality and the development company m².
m² will take over the three suspended projects of “Sveti” located in Tbilisi
BK Construction, the construction company of m² with 26 years of experience, will carry out the construction and engineering direction of the facilities.
Construct2 represents a joint project by the Georgian Ministry of Education, Science, Culture and Sports and the development company m² and BK Construction.
m² is the general partner of the firm E-Space, and funds the establishment of infrastructure for electric vehicles across the country.
| COMPANY NUMBER | 404499431 Georgia company registration (as identified in the company’s website terms) · GE · Registered and operating |
| Georgia | active 7 projects tracked |
| Residential, for sale | 7 of 7 |
| Mixed use | 3 of 7 |
| Hotel | 2 of 7 |
| Office | 1 of 7 |
| Retail | 1 of 7 |
Our goal is to create additional opportunities for the company’s growth and for the implementation of new projects and innovations.m² June 8, 2026https://m2.ge/en/insights/m-ganvitarebis-akhal-etapze-gadadis-kompania-sakmianobas-akhali-strategiita-da-grdzelvadiani-khedvit-ganagrdzobs
Following a transaction completed on June 5, 2026, Lasha Kvachadze and Dimitri Adamia became the owners of the company.
Lasha Kvachadze is the founder of Blockstone Capital.
Our goal is to create additional opportunities for the company’s growth and for the implementation of new projects and innovations.
Following a transaction completed on June 5, 2026, Lasha Kvachadze and Dimitri Adamia became the owners of the company.
Following a transaction completed on June 5, 2026, Lasha Kvachadze and Dimitri Adamia became the owners of the company. Lasha Kvachadze is the founder of Blockstone Capital.
Following a transaction completed on June 5, 2026, Lasha Kvachadze and Dimitri Adamia became the owners of the company.
Lasha Kvachadze is the founder of Blockstone Capital.
Lasha Kvachadze is the founder of Blockstone Capital.
Our task is to further strengthen the standards and quality that have made m² one of the leading companies in the market.m² June 8, 2026https://m2.ge/en/insights/m-ganvitarebis-akhal-etapze-gadadis-kompania-sakmianobas-akhali-strategiita-da-grdzelvadiani-khedvit-ganagrdzobs
Following a transaction completed on June 5, 2026, Lasha Kvachadze and Dimitri Adamia became the owners of the company.
# Dimitri Adamia CEO at Ytong Caucasus LLC Tbilisi, Georgia (GE)
Our task is to further strengthen the standards and quality that have made m² one of the leading companies in the market.
Following a transaction completed on June 5, 2026, Lasha Kvachadze and Dimitri Adamia became the owners of the company.
Following a transaction completed on June 5, 2026, Lasha Kvachadze and Dimitri Adamia became the owners of the company. Dimitri Adamia will assume the position of Chief Executive Officer of m².
Following a transaction completed on June 5, 2026, Lasha Kvachadze and Dimitri Adamia became the owners of the company.
Dimitri Adamia will assume the position of Chief Executive Officer of m².
Dimitri Adamia will assume the position of Chief Executive Officer of m².
### Master of Business Administration - MBA, Finance, General at Grenoble Ecole de Management
### Master of Business Administration - MBA, Finance, General at Grenoble Ecole de Management
### Master of Project Management at The George Washington University
### Master of Project Management at The George Washington University
# Tekla Murvanidze
### Director of Operations - NK Consulting (Current)
### Deputy Head Of Procurement Department - Georgian Water and Power
### Head of Procurement Department - Georgian Railway / საქართველოს რკინიგზა
### Head of Procurement and Logistics - Mtkvari Hydro power plant (Portfolio company of Georgian Co-Investment fund)
### Business Analyst - Bank Republic
### Anadolu Efes
### Accounting Assistant - Blue Water Shipping
Dec 2022 - Present (3 years and 7 months) in Tbilisi, K'alak'i T'bilisi, Georgia
### Chief Operations Officer COO - JSC m2 Real Estate (Current) / Dec 2022 - Present
### Chief Operations Officer COO - JSC m2 Real Estate (Current)
Throughout my career journey, I have been trying to improve supply chain processes that align with organizational objectives.
### Chief Operations Officer COO - JSC m2 Real Estate (Current)
### Master’s Degree, Public Policy and Business Administration at University of Georgia
### Master’s Degree, Public Policy and Business Administration at University of Georgia
### Bachelor’s Degree, English Language and Literature at Tbilisi State University
### Bachelor’s Degree, English Language and Literature at Tbilisi State University
# Nino Rukhadze
### Cushman & Wakefield | VERITAS
Nov 2018 - Present (7 years and 10 months) in Tbilisi, K'alak'i T'bilisi, Georgia
### Deputy CEO Public Relations - JSC m2 Real Estate (Current) / Nov 2018 - Present
### Deputy CEO Public Relations - JSC m2 Real Estate (Current)
#### Business Development & Marketing Director
### Deputy CEO Public Relations - JSC m2 Real Estate (Current)
### Bachelor's degree, Business Administration - Finance Concentration at Free University of Tbilisi
### Bachelor's degree, Business Administration - Finance Concentration at Free University of Tbilisi
# Mariam Jinjolava, ACCA
### Reporting, Planning and Business Control Senior Specialist - Geocell - ჯეოსელი
### Financial Auditor - Deloitte
Sep 2023 - Present (2 years and 11 months) in Tbilisi, K'alak'i T'bilisi, Georgia
#### Deputy CFO (Current) / Sep 2023 - Present
#### Deputy CFO (Current)
# Mariam Jinjolava, ACCA
#### Deputy CFO (Current)
### Master's degree Law at Caucasus University
### Master's degree Law at Caucasus University
### Bachelor's degree Law at Ilia State University
### Bachelor's degree Law at Ilia State University
# Saba Kozmanashvili
Aug 2023 - Present (3 years and 1 month) in Tbilisi, K'alak'i T'bilisi, Georgia
#### Head of Project Management and Technical Department (Current) / Aug 2023 - Present
#### Head of Project Management and Technical Department (Current)
I work at the intersection of real estate development, construction management and technical project delivery
#### Head of Project Management and Technical Department (Current)
0 undated completions and 1 boundary-uncertain completions are retained but excluded from figures.
| Project | Location | Type | Units | Floors | Area | Cost | Payment plan | Launched | Construction start | Original target | Handover | Delay | Confidence | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| m² at Chkondideli | Tbilisi, Georgia Nadzaladevi | residential for sale | 1,5431 | 25 | — | — | 20/801 | — | — | Mar 2025 | Mar 2025 | 0.0 mo (0.0 to 0.0) | sourced | completed |
| m² at Mirtskhulava — Buildings I–VIII | Tbilisi, Georgia Didube | residential for sale | — | — | — | — | 10% downpayment; 40% gradually until the end of construction; 50% upon completion of construction.1 | 2019 | December 2019 | — | Jan 2023 – Dec 2023 | — | not scorable | completed |
| m² at Melikishvili | Tbilisi, Georgia | mixed use, residential for sale, hotel | 161 | 12 | — | USD 16m investment announced | — | — | — | — | Jan 2020 – Dec 2020 | — | not scorable | completed |
| m² at Kazbegi 2 | Tbilisi, Georgia | residential for sale, hotel, office, retail, mixed use | — | — | — | — | 10% deposit; 1% each month for 10 months; remaining 90% after completion1 | 2016 | 2016 | — | Jan 2019 – Dec 2019 | — | not scorable | completed |
| m² at Chavchavadze | Tbilisi, Georgia | residential for sale, mixed use | 821 | 10 | — | USD 11.2m estimated cost | 10%/90%1 | 2016 | 2016 წლის ბოლოს | May 2018 | Sep 2018 | +4.0 mo (+4.0 to +4.0) | sourced | completed |
| m² at Hippodrome 2 | Tbilisi, Georgia | residential for sale | 8011 | 19, 23, 25 | 102,400 m² | — | 10/901 | 2015 | Nov 2015 | Oct 2018 | Jul 2018 | −3.0 mo (−3.0 to −3.0) | sourced | completed |
| Skyline Residence | Tbilisi, Georgia Sololaki | residential for sale | 191 | — | — | — | — | 2015 | Dec 2015 | — | Jul 2017 | — | not scorable | completed |
| Auditor | EY LLC |
| Coverage | active |
| Tracked since | October 10, 2026 |
| Last checked | October 10, 2026 this month |
| Profile last researched | October 10, 2026 |
| Claim |