Artificial Intelligence
Builders Company
M
m²Tbilisi, Georgia · founded 2006 · 1 active markets
PRIVATE

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.

Years in business
20
founded 2006
LinkedIn headcount
76
employees, as shown on LinkedIn · size band 51–200
Portfolio value
GEL 2 billion announced development investment
September 30, 2026
Total projects
14 completed projects
across the company’s whole history
Projects last researched October 10, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
m² Group LLC1
Headquarters
118 A. Tsereteli Ave, Pavilion 71, Tbilisi1, Georgia
Founded
20061
Entity type
PRIVATE1
Business model
offplan for sale1, commercial1, mixed use1
Markets
1 market listed
What they build
Residential, for sale (7 of 7) · Mixed use (3 of 7) · Hotel (2 of 7)
Full dossier in About →

Delivery record

3 date-assessed of 7 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 1 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
7
within the rolling ten-year window
Median delay
0.0 mo
the middle of 3 scored projects
Average delay
+0.3 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+4.0 mo
m² at Chavchavadze
3
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

3 date-assessed here · 8 developers, 32 date-assessed projects in Georgia
Median delay
m²·8 developers in Georgia
0.0 mo vs +10.5 mo
this developer 10.5 mo better
The typical project on each side.
Average delay
m²·8 developers in Georgia
+0.3 mo vs +13.1 mo
this developer 12.8 mo better
Both pulled by their worst few.
On time
m²·8 developers in Georgia
100% vs 38%
this developer 62 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Projects and timelines in Track Record →

Resident experience

5 of 7 buildings rated · scale 1–10

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.

Overall verdict
7.2/ 10
Weighted judgment across build and operations · from 5 of 5 rated buildings
Little structure evidence (1 of 5 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
7.5/ 10
Fabric, services, waterproofing, envelope · from 1 of 5 rated buildings
Management & living
7.2/ 10
Upkeep, response times, amenities, community · from 4 of 5 rated buildings

Against other developers

not enough rated buildings yet
Not enough rated buildings in Georgia yet to compare against.
Ratings by building →

Awards & recognition

  • PROJECT AWARD Winner 17 June 2022
    Asset Triple A Award — Social Infrastructure Deal of the Year · Two affordable and sustainable residential housing projects financed by ADB
    The Asset named the $10 million ADB financing for m²’s two affordable and sustainable residential housing projects the social-infrastructure deal of the year; the project received an Asset Triple A Award for activities and partnership in development.
  • SUSTAINABILITY Winner 27 February 2018
    Social Responsibility Award 2018 — Successful Partnership for Sustainable Development · Mtatsminda plateau reforestation and environmental education project
    The developer reports that m² won the Successful Partnership for Sustainable Development category for its Mtatsminda plateau reforestation, biodiversity and educational campaign project.
  • MILESTONE 28 December 2017
    First major third-party construction contract · Shopping mall and business centre in Tbilisi’s Saburtalo district
    m² was awarded its first major third-party construction contract to construct the shell and core of a shopping mall and business centre, with a reported total contract value of $11.6 million.
All awards →

Risks & source coverage

  • LEGAL Reported December 20, 2024 A resident of m²’s Tamarashvili No. 6 complex said they planned to sue m², alleging that contracted security and access-control services were not provided as promised; the report also records the resident’s unsubstantiated claim that an investigation into possible misconduct by current or former employees was under way. No court outcome or company response was reported on the page.
  • DELIVERY DELAY Memorandum announced September 11, 2019; the projects were described as suspended at that date m² assumed responsibility for completing three already-suspended Sveti projects in Tbilisi affecting up to 2,500 residents; m²’s announcement said construction would begin only after project agreements and construction permits were obtained, so the underlying resident delay pre-dated m² and this source does not establish that m² itself caused it or that the promised completion was missed.
  • DELIVERY DELAY Reported June 23, 2020 m² agreed to help complete Olympic Star’s unfinished construction after affected families had reportedly waited about 12 years; the reported commitment was to finish within three years after the required permits were obtained, making this an inherited stalled-project exposure rather than evidence that m² originated the delay or failed to complete it.
  • 3 more in Risk & Sources
Record status
active
Company sources
123 source entries across 123 fields
Projects tracked
8 · 7 completed in assessment
All flags and sources →

Track Record

Delivery record

3 date-assessed of 7 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 1 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
7
within the rolling ten-year window
Median delay
0.0 mo
the middle of 3 scored projects
Average delay
+0.3 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+4.0 mo
m² at Chavchavadze
3
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

3 date-assessed here · 8 developers, 32 date-assessed projects in Georgia
Median delay
m²·8 developers in Georgia
0.0 mo vs +10.5 mo
this developer 10.5 mo better
The typical project on each side.
Average delay
m²·8 developers in Georgia
+0.3 mo vs +13.1 mo
this developer 12.8 mo better
Both pulled by their worst few.
On time
m²·8 developers in Georgia
100% vs 38%
this developer 62 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
The market here is Georgia: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

7 of 7 projects dated · 1 place
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Tbilisi, Georgia
2015201620172018201920202021202220232024202520262027todayTBILISI, GEORGIAon timeverifiedcompleted, no target publishedcompleted, no target publishedcompleted, no target published+4 moverified−3 moverifiedcompleted, no target published
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 2 dated statements are held back: a broker listing with no date on it, or a page with no year, cannot fix a date. 1 turned out to be about something else — a phase, a neighbour, the wider masterplan — and is marked off-subject.

Building & Livability Ratings

Resident experience

5 of 7 buildings rated · scale 1–10

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.

Overall verdict
7.2/ 10
Weighted judgment across build and operations · from 5 of 5 rated buildings
Little structure evidence (1 of 5 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
7.5/ 10
Fabric, services, waterproofing, envelope · from 1 of 5 rated buildings
Management & living
7.2/ 10
Upkeep, response times, amenities, community · from 4 of 5 rated buildings

Against other developers

not enough rated buildings yet
Not enough rated buildings in Georgia yet to compare against.

By building

5 rated · 2 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & 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.

+ No reported water blackouts+ No reported electricity blackouts+ Elevators reported operational+ Fire-protection system+ Energy-efficient design claim
− Sound transmission complaint− Perceived low construction quality− Poor inter-building infrastructure− Bedroom air-conditioning limitation− External unsorted trash bins
+ Convenient central location+ Nearby shops and services+ Playground and sports facilities+ Clean entrances reported+ Security and parking
− Crowded development− Poor inter-building connectivity− Unsorted roadside bins− Limited bedroom air-conditioning− Noise transmission

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.

+ Monolithic reinforced-concrete frame+ Insulated facade+ Soft waterproofed roof+ Internal drainage+ Backup power for critical systems
− Reported broken wastewater pipe− Reported wastewater discharge onto street
Not found in sources: No published engineering review · No published lift-performance review · No published recurring systems-maintenance evidence
+ Good-quality residential complex praise+ Landscaped courtyard claimed by developer+ Green park areas+ Sports courts+ Children’s playgrounds
− Untidy courtyard complaint− Persistent stadium-noise complaint− Wastewater-response complaint− Overpriced complaint− Construction-period disruption

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.

+ Monolithic-frame construction+ Backup generator+ Fire-safety power backup+ Water-pump backup+ Elevator backup power
− Elevator outage report− Poor elevator interior condition− Reduced elevator availability− Long waiting or walking burden
Not found in sources: No independent engineering review located
+ Landscaped courtyard+ Green parks+ Sports courts+ Children’s playgrounds+ Nearby shops and transit
− Elevator disruption− Poor elevator upkeep− Management responsiveness questioned− Potential access burden for upper floors
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
+ Concierge mentioned+ Parking mentioned+ Clean and tidy+ Modern building
− Very small review base− One severe dissatisfaction with the development decision
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.

Only buildings that have reached handover are rated. 2 of 7 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
m² Group LLC
Headquarters
118 A. Tsereteli Ave, Pavilion 7, Tbilisi, Georgia
Founded
2006
Tbilisi, Georgia
Entity type
PRIVATE
Revenue
USD 38.4 million
Business model
offplan for sale, commercial, mixed use

Partners

13 partners
Georgia Capital
funder

Historically owned 100% of the company, according to the older bond prospectus; this is historical ownership, not current ownership as of the research date.

Asian Development Bank
funder

Allocated a USD 10 million loan for two residential buildings developed through m²’s affiliated Optima.

International Finance Corporation
funder

Financed an m² energy-efficiency residential-development project.

Green for Growth Fund
funder

Provided financing and technical assistance for m² energy-efficiency projects.

European Union
funder

Supported the energy-efficiency initiative implemented by m².

Tbilisi City Hall
government partner

Worked with m² on the completion of suspended Sveti projects and on social and environmental initiatives.

Sveti
landowner

Its three suspended Tbilisi projects were transferred into an arrangement for m² to complete them, with contracts involving Sveti companies and landowners.

BK Construction
contractor

Performed or was designated to perform construction and engineering works for m² projects, including the Sveti completion program.

Georgian Ministry of Education, Science, Culture and Sports
government partner

Co-developed the Construct2 civil-engineering college project with m² and BK Construction.

E-Space
operator

Worked with m² on a nationwide electric-vehicle charging infrastructure campaign, with m² as general partner.

Kutaisi City Hall
government partner

Co-funded an autism-spectrum rehabilitation social project with m².

Rugby Union of Georgia
partner

Entered a memorandum under which m² became sponsor of the Union and the national team.

Funduki
partner

Partnered with m² on an exclusive collection of bags built around the m² brand message.

Sources: partners

FILINGdate not shown in source

Persons responsible for preparation of the document: General Director – Irakli Burdiladze Deputy General Director – Giorgi Natroshvili

Georgia Real Estate
The 100% stake in the company is owned by investment company JSC “Georgia Capital”.
value seen: 100% stake
value paraphrased from this source
https://gre.ge/uploads/M2_35%20USD%20Bonds%20Final%20Prospectus_ENG_(Execution%20Version).pdf

Sources: partners

COMPANYdate not shown in source

NEWS

m²
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).
value seen: $10 million
https://m2.ge/en/insights

Sources: partners

COMPANYdate not shown in source

CSR

m²
m², together with Kutaisi City Hall, has announced the company's next corporate social responsibility project.
value seen: Kutaisi City Hall
https://m2.ge/en/csr

Sources: partners

COMPANYdate not shown in source

CSR

m²
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.
value seen: Rugby Union of Georgia
https://m2.ge/en/csr

Sources: partners

COMPANYdate not shown in source

NEWS

m²
The leading real estate development company “m²” and “Funduki” family business model store ... announce their partnership.
value seen: Funduki
https://m2.ge/en/insights

Sources: partners

COMPANYdate not shown in source

CSR

m²
The project was financed by the International Finance Corporation and the Green for Growth Fund, and supported by the EU.
value seen: International Finance Corporation
https://m2.ge/en/csr

Sources: partners

COMPANYdate not shown in source

CSR

m²
The project was financed by the International Finance Corporation and the Green for Growth Fund, and supported by the EU.
value seen: Green for Growth Fund
https://m2.ge/en/csr

Sources: partners

COMPANYdate not shown in source

CSR

m²
The project was financed by the International Finance Corporation and the Green for Growth Fund, and supported by the EU.
value seen: EU
https://m2.ge/en/csr

Sources: partners

COMPANYdate not shown in source

CSR

m²
On September 11, the memorandum of cooperation was signed between Tbilisi Municipality and the development company m².
value seen: Tbilisi City Hall
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://m2.ge/en/csr

Sources: partners

COMPANYdate not shown in source

CSR

m²
m² will take over the three suspended projects of “Sveti” located in Tbilisi
value seen: Sveti
https://m2.ge/en/csr

Sources: partners

COMPANYdate not shown in source

CSR

m²
BK Construction, the construction company of m² with 26 years of experience, will carry out the construction and engineering direction of the facilities.
value seen: BK Construction
https://m2.ge/en/csr

Sources: partners

COMPANYdate not shown in source

CSR

m²
Construct2 represents a joint project by the Georgian Ministry of Education, Science, Culture and Sports and the development company m² and BK Construction.
value seen: Georgian Ministry of Education, Science, Culture and Sports
https://m2.ge/en/csr

Sources: partners

COMPANYdate not shown in source

CSR

m²
m² is the general partner of the firm E-Space, and funds the establishment of infrastructure for electric vehicles across the country.
value seen: E-Space
https://m2.ge/en/csr

Registrations & licences

COMPANY NUMBER404499431
Georgia company registration (as identified in the company’s website terms) · GE · Registered and operating
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
Georgiaactive 7 projects tracked

What they build

5 types
Residential, for sale7 of 7
Mixed use3 of 7
Hotel2 of 7
Office1 of 7
Retail1 of 7
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
LK
Lasha Kvachadze
Lasha Kvachadze is one of the owners of m² following the June 5, 2026 transaction and is identified by m² as the founder of Blockstone Capital. His stated focus for m² is growth, new projects and innovation; the available current evidence does not document a more specific operating remit at m².
Current title
Owner; Founder of Blockstone Capital
since June 5, 2026
Experience
no career length stated
Companies before
Blockstone Capital
Education
not published
Other boards
none sourced
Known for
OwnerFounder of Blockstone CapitalReal-estate investor
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

Sources: full name

COMPANYdate not shown in source

ABOUT m²

m²
Following a transaction completed on June 5, 2026, Lasha Kvachadze and Dimitri Adamia became the owners of the company.
value seen: Lasha Kvachadze
https://m2.ge/en/about

Sources: previous companies

COMPANYdate not shown in source

ABOUT m²

m²
Lasha Kvachadze is the founder of Blockstone Capital.
value seen: Blockstone Capital
https://m2.ge/en/about

Sources: quote

COMPANY2026-06-08

m² Enters a New Stage of Development with a Renewed Strategy and Long-Term Vision

m²
Our goal is to create additional opportunities for the company’s growth and for the implementation of new projects and innovations.
value seen: Our goal is to create additional opportunities for the company’s growth and for the implementation of new projects and innovations.
https://m2.ge/en/insights/m-ganvitarebis-akhal-etapze-gadadis-kompania-sakmianobas-akhali-strategiita-da-grdzelvadiani-khedvit-ganagrdzobs

Sources: since

COMPANYdate not shown in source

ABOUT m²

m²
Following a transaction completed on June 5, 2026, Lasha Kvachadze and Dimitri Adamia became the owners of the company.
value seen: June 5, 2026
https://m2.ge/en/about

Sources: summary

COMPANYdate not shown in source

ABOUT m²

m²
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.
value seen: Lasha Kvachadze is one of the owners of m² following the June 5, 2026 transaction and is identified by m² as the founder of Blockstone Capital.
value paraphrased from this source
https://m2.ge/en/about

Sources: tags

COMPANYdate not shown in source

ABOUT m²

m²
Following a transaction completed on June 5, 2026, Lasha Kvachadze and Dimitri Adamia became the owners of the company.
value seen: became the owners of the company
value paraphrased from this source
https://m2.ge/en/about

Sources: tags

COMPANYdate not shown in source

ABOUT m²

m²
Lasha Kvachadze is the founder of Blockstone Capital.
value seen: founder of Blockstone Capital
https://m2.ge/en/about

Sources: title

COMPANYdate not shown in source

ABOUT m²

m²
Lasha Kvachadze is the founder of Blockstone Capital.
value seen: founder of Blockstone Capital
https://m2.ge/en/about
DA
Dimitri Adamia
Dimitri Adamia became an owner of m² in the transaction completed on June 5, 2026, and m² announced that he would assume the CEO role. His public professional profile also identifies him as CEO of Ytong Caucasus LLC, but the retrieved material does not establish that this is an m² subsidiary or an outside board seat.
Current title
Owner; Chief Executive Officer of m²
since June 5, 2026
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
OwnerCEOReal-estate development
https://linkedin.com/in/dimitri-adamia-88a164214
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

Sources: full name

COMPANYdate not shown in source

ABOUT m²

m²
Following a transaction completed on June 5, 2026, Lasha Kvachadze and Dimitri Adamia became the owners of the company.
value seen: Dimitri Adamia
https://m2.ge/en/about

Sources: linkedin page

SOCIAL2026-09-09

Dimitri Adamia

LinkedIn
# Dimitri Adamia CEO at Ytong Caucasus LLC Tbilisi, Georgia (GE)
value seen: https://linkedin.com/in/dimitri-adamia-88a164214
https://linkedin.com/in/dimitri-adamia-88a164214

Sources: quote

COMPANY2026-06-08

m² Enters a New Stage of Development with a Renewed Strategy and Long-Term Vision

m²
Our task is to further strengthen the standards and quality that have made m² one of the leading companies in the market.
value seen: Our task is to further strengthen the standards and quality that have made m² one of the leading companies in the market.
https://m2.ge/en/insights/m-ganvitarebis-akhal-etapze-grdzelvadiani-khedvit-ganagrdzobs

Sources: since

COMPANYdate not shown in source

ABOUT m²

m²
Following a transaction completed on June 5, 2026, Lasha Kvachadze and Dimitri Adamia became the owners of the company.
value seen: June 5, 2026
value paraphrased from this source
https://m2.ge/en/about

Sources: summary

COMPANYdate not shown in source

ABOUT m²

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.
value seen: Dimitri Adamia became an owner of m² in the transaction completed on June 5, 2026, and m² announced that he would assume the CEO role.
value paraphrased from this source
https://m2.ge/en/about

Sources: tags

COMPANYdate not shown in source

ABOUT m²

m²
Following a transaction completed on June 5, 2026, Lasha Kvachadze and Dimitri Adamia became the owners of the company.
value seen: became the owners of the company
value paraphrased from this source
https://m2.ge/en/about

Sources: tags

COMPANYdate not shown in source

ABOUT m²

m²
Dimitri Adamia will assume the position of Chief Executive Officer of m².
value seen: Chief Executive Officer of m²
value paraphrased from this source
https://m2.ge/en/about

Sources: title

COMPANYdate not shown in source

ABOUT m²

m²
Dimitri Adamia will assume the position of Chief Executive Officer of m².
value seen: Chief Executive Officer of m²
https://m2.ge/en/about
TM
Tekla Murvanidze
Tekla Murvanidze has been COO of JSC m2 Real Estate since December 2022. Her profile describes an operations and supply-chain background spanning procurement, logistics and management, with earlier roles at Georgian Water and Power, Georgian Railway, Mtkvari Hydro, Bank Republic, Anadolu Efes and Blue Water Shipping.
Current title
Chief Operations Officer (COO), JSC m2 Real Estate
since Dec 2022
Experience
no career length stated
Companies before
Georgian Water and PowerGeorgian RailwayMtkvari Hydro power plantBank RepublicAnadolu EfesBlue Water Shipping
Education
Grenoble Ecole de ManagementMaster of Business Administration (MBA), Finance
The George Washington UniversityMaster of Project Management
Maastricht University School of Business and EconomicsBusiness Administration and Management
Corvinus University of BudapestCertificate, Corporate Governance and Industrial Strategies
International Black Sea UniversityMaster of Business Administration; Bachelor of Business Administration, Finance
Other boards
Director of Operations, NK ConsultingInvited Lecturer, International Black Sea University
Known for
COOOperationsSupply chainMBAProject management
https://linkedin.com/in/teklamurvanidze

Sources: degree

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
### Master of Business Administration - MBA, Finance, General at Grenoble Ecole de Management
value seen: Master of Business Administration - MBA, Finance, General
https://linkedin.com/in/teklamurvanidze

Sources: institution

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
### Master of Business Administration - MBA, Finance, General at Grenoble Ecole de Management
value seen: Grenoble Ecole de Management
https://linkedin.com/in/teklamurvanidze

Sources: degree

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
### Master of Project Management at The George Washington University
value seen: Master of Project Management
https://linkedin.com/in/teklamurvanidze

Sources: institution

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
### Master of Project Management at The George Washington University
value seen: The George Washington University
https://linkedin.com/in/teklamurvanidze

Sources: full name

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
# Tekla Murvanidze
value seen: Tekla Murvanidze
https://linkedin.com/in/teklamurvanidze

Sources: other boards

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
### Director of Operations - NK Consulting (Current)
value seen: Director of Operations - NK Consulting
https://linkedin.com/in/teklamurvanidze

Sources: previous companies

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
### Deputy Head Of Procurement Department - Georgian Water and Power
value seen: Georgian Water and Power
https://linkedin.com/in/teklamurvanidze

Sources: previous companies

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
### Head of Procurement Department - Georgian Railway / საქართველოს რკინიგზა
value seen: Georgian Railway
https://linkedin.com/in/teklamurvanidze

Sources: previous companies

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
### Head of Procurement and Logistics - Mtkvari Hydro power plant (Portfolio company of Georgian Co-Investment fund)
value seen: Mtkvari Hydro power plant
https://linkedin.com/in/teklamurvanidze

Sources: previous companies

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
### Business Analyst - Bank Republic
value seen: Bank Republic
https://linkedin.com/in/teklamurvanidze

Sources: previous companies

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
### Anadolu Efes
value seen: Anadolu Efes
https://linkedin.com/in/teklamurvanidze

Sources: previous companies

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
### Accounting Assistant - Blue Water Shipping
value seen: Blue Water Shipping
https://linkedin.com/in/teklamurvanidze

Sources: since

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
Dec 2022 - Present (3 years and 7 months) in Tbilisi, K'alak'i T'bilisi, Georgia
value seen: Dec 2022
https://linkedin.com/in/teklamurvanidze

Sources: summary

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
### Chief Operations Officer COO - JSC m2 Real Estate (Current) / Dec 2022 - Present
value seen: Tekla Murvanidze has been COO of JSC m2 Real Estate since December 2022.
value paraphrased from this source
https://linkedin.com/in/teklamurvanidze

Sources: tags

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
### Chief Operations Officer COO - JSC m2 Real Estate (Current)
value seen: Chief Operations Officer COO
value paraphrased from this source
https://linkedin.com/in/teklamurvanidze

Sources: tags

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
Throughout my career journey, I have been trying to improve supply chain processes that align with organizational objectives.
value seen: supply chain processes
https://linkedin.com/in/teklamurvanidze

Sources: title

SOCIAL2026-10-06

Tekla Murvanidze

LinkedIn
### Chief Operations Officer COO - JSC m2 Real Estate (Current)
value seen: Chief Operations Officer COO - JSC m2 Real Estate
https://linkedin.com/in/teklamurvanidze
NR
Nino Rukhadze
Nino Rukhadze has served as Deputy CEO for Public Relations at JSC m2 Real Estate since November 2018. Her remit covers regional PR, positioning, communications strategy, media relations and events; she previously held regional PR/marketing and business-development roles at Cushman & Wakefield | VERITAS.
Current title
Deputy CEO, Public Relations, JSC m2 Real Estate
since Nov 2018
Experience
no career length stated
Companies before
Cushman & Wakefield | VERITAS
Education
University of GeorgiaMaster’s Degree, Public Policy and Business Administration
Tbilisi State UniversityBachelor’s Degree, English Language and Literature
Other boards
none sourced
Known for
Deputy CEOPublic relationsMarketingReal estate
https://linkedin.com/in/nino-rukhadze-ab2aa0101

Sources: degree

SOCIAL2026-09-07

Nino Rukhadze

LinkedIn
### Master’s Degree, Public Policy and Business Administration at University of Georgia
value seen: Master’s Degree, Public Policy and Business Administration
https://linkedin.com/in/nino-rukhadze-ab2aa0101

Sources: institution

SOCIAL2026-09-07

Nino Rukhadze

LinkedIn
### Master’s Degree, Public Policy and Business Administration at University of Georgia
value seen: University of Georgia
https://linkedin.com/in/nino-rukhadze-ab2aa0101

Sources: degree

SOCIAL2026-09-07

Nino Rukhadze

LinkedIn
### Bachelor’s Degree, English Language and Literature at Tbilisi State University
value seen: Bachelor’s Degree, English Language and Literature
https://linkedin.com/in/nino-rukhadze-ab2aa0101

Sources: institution

SOCIAL2026-09-07

Nino Rukhadze

LinkedIn
### Bachelor’s Degree, English Language and Literature at Tbilisi State University
value seen: Tbilisi State University
https://linkedin.com/in/nino-rukhadze-ab2aa0101

Sources: full name

SOCIAL2026-09-07

Nino Rukhadze

LinkedIn
# Nino Rukhadze
value seen: Nino Rukhadze
https://linkedin.com/in/nino-rukhadze-ab2aa0101

Sources: previous companies

SOCIAL2026-09-07

Nino Rukhadze

LinkedIn
### Cushman & Wakefield | VERITAS
value seen: Cushman & Wakefield | VERITAS
https://linkedin.com/in/nino-rukhadze-ab2aa0101

Sources: since

SOCIAL2026-09-07

Nino Rukhadze

LinkedIn
Nov 2018 - Present (7 years and 10 months) in Tbilisi, K'alak'i T'bilisi, Georgia
value seen: Nov 2018
https://linkedin.com/in/nino-rukhadze-ab2aa0101

Sources: summary

SOCIAL2026-09-07

Nino Rukhadze

LinkedIn
### Deputy CEO Public Relations - JSC m2 Real Estate (Current) / Nov 2018 - Present
value seen: Nino Rukhadze has served as Deputy CEO for Public Relations at JSC m2 Real Estate since November 2018.
value paraphrased from this source
https://linkedin.com/in/nino-rukhadze-ab2aa0101

Sources: tags

SOCIAL2026-09-07

Nino Rukhadze

LinkedIn
### Deputy CEO Public Relations - JSC m2 Real Estate (Current)
value seen: Deputy CEO Public Relations
value paraphrased from this source
https://linkedin.com/in/nino-rukhadze-ab2aa0101

Sources: tags

SOCIAL2026-09-07

Nino Rukhadze

LinkedIn
#### Business Development & Marketing Director
value seen: Business Development & Marketing Director
value paraphrased from this source
https://linkedin.com/in/nino-rukhadze-ab2aa0101

Sources: title

SOCIAL2026-09-07

Nino Rukhadze

LinkedIn
### Deputy CEO Public Relations - JSC m2 Real Estate (Current)
value seen: Deputy CEO Public Relations - JSC m2 Real Estate
https://linkedin.com/in/nino-rukhadze-ab2aa0101
MJ
Mariam Jinjolava
Mariam Jinjolava has been Deputy CFO of JSC m2 Real Estate since September 2023 and previously led its financial planning, analysis and funding division and internal audit and risk-management division. Before m², she worked in reporting and business control at Geocell and as a financial auditor at Deloitte.
Current title
Deputy CFO, JSC m2 Real Estate
since Sep 2023
Experience
no career length stated
Companies before
GeocellDeloitte
Education
Free University of TbilisiBachelor's degree, Business Administration — Finance Concentration
Other boards
none sourced
Known for
Deputy CFOACCAFinanceRisk managementDeloitte alum
https://linkedin.com/in/mariam-jinjolava-acca-19354856

Sources: degree

SOCIAL2026-08-24

Mariam Jinjolava, ACCA

LinkedIn
### Bachelor's degree, Business Administration - Finance Concentration at Free University of Tbilisi
value seen: Bachelor's degree, Business Administration - Finance Concentration
https://linkedin.com/in/mariam-jinjolava-acca-19354856

Sources: institution

SOCIAL2026-08-24

Mariam Jinjolava, ACCA

LinkedIn
### Bachelor's degree, Business Administration - Finance Concentration at Free University of Tbilisi
value seen: Free University of Tbilisi
https://linkedin.com/in/mariam-jinjolava-acca-19354856

Sources: full name

SOCIAL2026-08-24

Mariam Jinjolava, ACCA

LinkedIn
# Mariam Jinjolava, ACCA
value seen: Mariam Jinjolava
https://linkedin.com/in/mariam-jinjolava-acca-19354856

Sources: previous companies

SOCIAL2026-08-24

Mariam Jinjolava, ACCA

LinkedIn
### Reporting, Planning and Business Control Senior Specialist - Geocell - ჯეოსელი
value seen: Geocell
https://linkedin.com/in/mariam-jinjolava-acca-19354856

Sources: previous companies

SOCIAL2026-08-24

Mariam Jinjolava, ACCA

LinkedIn
### Financial Auditor - Deloitte
value seen: Deloitte
https://linkedin.com/in/mariam-jinjolava-acca-19354856

Sources: since

SOCIAL2026-08-24

Mariam Jinjolava, ACCA

LinkedIn
Sep 2023 - Present (2 years and 11 months) in Tbilisi, K'alak'i T'bilisi, Georgia
value seen: Sep 2023
https://linkedin.com/in/mariam-jinjolava-acca-19354856

Sources: summary

SOCIAL2026-08-24

Mariam Jinjolava, ACCA

LinkedIn
#### Deputy CFO (Current) / Sep 2023 - Present
value seen: Mariam Jinjolava has been Deputy CFO of JSC m2 Real Estate since September 2023.
value paraphrased from this source
https://linkedin.com/in/mariam-jinjolava-acca-19354856

Sources: tags

SOCIAL2026-08-24

Mariam Jinjolava, ACCA

LinkedIn
#### Deputy CFO (Current)
value seen: Deputy CFO
https://linkedin.com/in/mariam-jinjolava-acca-19354856

Sources: tags

SOCIAL2026-08-24

Mariam Jinjolava, ACCA

LinkedIn
# Mariam Jinjolava, ACCA
value seen: ACCA
https://linkedin.com/in/mariam-jinjolava-acca-19354856

Sources: title

SOCIAL2026-08-24

Mariam Jinjolava, ACCA

LinkedIn
#### Deputy CFO (Current)
value seen: Deputy CFO
https://linkedin.com/in/mariam-jinjolava-acca-19354856
SK
Saba Kozmanashvili
Saba Kozmanashvili has led m²’s Project Management and Technical Department since August 2023. His described responsibilities cover technical project delivery, engineering coordination, construction execution, budgeting and cost control, procurement, quality control, commissioning and handover across real-estate development projects.
Current title
Head of Project Management and Technical Department, m²
since Aug 2023
Experience
no career length stated
Companies before
none sourced
Education
Caucasus UniversityMaster's degree, Law
Ilia State UniversityBachelor's degree, Law
Other boards
none sourced
Known for
Head of projectsConstruction managementProject deliveryTechnical leadershipLaw
https://linkedin.com/in/saba-kozmanashvili-901a65210

Sources: degree

SOCIAL2026-09-06

Saba Kozmanashvili

LinkedIn
### Master's degree Law at Caucasus University
value seen: Master's degree Law
https://linkedin.com/in/saba-kozmanashvili-901a65210

Sources: institution

SOCIAL2026-09-06

Saba Kozmanashvili

LinkedIn
### Master's degree Law at Caucasus University
value seen: Caucasus University
https://linkedin.com/in/saba-kozmanashvili-901a65210

Sources: degree

SOCIAL2026-09-06

Saba Kozmanashvili

LinkedIn
### Bachelor's degree Law at Ilia State University
value seen: Bachelor's degree Law
https://linkedin.com/in/saba-kozmanashvili-901a65210

Sources: institution

SOCIAL2026-09-06

Saba Kozmanashvili

LinkedIn
### Bachelor's degree Law at Ilia State University
value seen: Ilia State University
https://linkedin.com/in/saba-kozmanashvili-901a65210

Sources: full name

SOCIAL2026-09-06

Saba Kozmanashvili

LinkedIn
# Saba Kozmanashvili
value seen: Saba Kozmanashvili
https://linkedin.com/in/saba-kozmanashvili-901a65210

Sources: since

SOCIAL2026-09-06

Saba Kozmanashvili

LinkedIn
Aug 2023 - Present (3 years and 1 month) in Tbilisi, K'alak'i T'bilisi, Georgia
value seen: Aug 2023
https://linkedin.com/in/saba-kozmanashvili-901a65210

Sources: summary

SOCIAL2026-09-06

Saba Kozmanashvili

LinkedIn
#### Head of Project Management and Technical Department (Current) / Aug 2023 - Present
value seen: Saba Kozmanashvili has led m²’s Project Management and Technical Department since August 2023.
value paraphrased from this source
https://linkedin.com/in/saba-kozmanashvili-901a65210

Sources: tags

SOCIAL2026-09-06

Saba Kozmanashvili

LinkedIn
#### Head of Project Management and Technical Department (Current)
value seen: Head of Project Management and Technical Department
value paraphrased from this source
https://linkedin.com/in/saba-kozmanashvili-901a65210

Sources: tags

SOCIAL2026-09-06

Saba Kozmanashvili

LinkedIn
I work at the intersection of real estate development, construction management and technical project delivery
value seen: real estate development, construction management and technical project delivery
https://linkedin.com/in/saba-kozmanashvili-901a65210

Sources: title

SOCIAL2026-09-06

Saba Kozmanashvili

LinkedIn
#### Head of Project Management and Technical Department (Current)
value seen: Head of Project Management and Technical Department
https://linkedin.com/in/saba-kozmanashvili-901a65210

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 1 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

7 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
m² at ChkondideliTbilisi, Georgia
Nadzaladevi
residential for sale1,543125——20/801——Mar 2025Mar 20250.0 mo
(0.0 to 0.0)
sourcedcompleted
m² at Mirtskhulava — Buildings I–VIIITbilisi, Georgia
Didube
residential for sale————10% downpayment; 40% gradually until the end of construction; 50% upon completion of construction.12019December 2019—Jan 2023 – Dec 2023—not scorablecompleted
m² at MelikishviliTbilisi, Georgia
mixed use, residential for sale, hotel16112—USD 16m
investment announced
————Jan 2020 – Dec 2020—not scorablecompleted
m² at Kazbegi 2Tbilisi, Georgia
residential for sale, hotel, office, retail, mixed use————10% deposit; 1% each month for 10 months; remaining 90% after completion120162016—Jan 2019 – Dec 2019—not scorablecompleted
m² at ChavchavadzeTbilisi, Georgia
residential for sale, mixed use82110—USD 11.2m
estimated cost
10%/90%120162016 წლის ბოლოსMay 2018Sep 2018+4.0 mo
(+4.0 to +4.0)
sourcedcompleted
m² at Hippodrome 2Tbilisi, Georgia
residential for sale801119, 23, 25102,400 m²—10/9012015Nov 2015Oct 2018Jul 2018−3.0 mo
(−3.0 to −3.0)
sourcedcompleted
Skyline ResidenceTbilisi, Georgia
Sololaki
residential for sale191————2015Dec 2015—Jul 2017—not scorablecompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

3 found
PROJECT AWARD Winner 17 June 2022
Asset Triple A Award — Social Infrastructure Deal of the Year · Two affordable and sustainable residential housing projects financed by ADB
The Asset named the $10 million ADB financing for m²’s two affordable and sustainable residential housing projects the social-infrastructure deal of the year; the project received an Asset Triple A Award for activities and partnership in development.
SUSTAINABILITY Winner 27 February 2018
Social Responsibility Award 2018 — Successful Partnership for Sustainable Development · Mtatsminda plateau reforestation and environmental education project
The developer reports that m² won the Successful Partnership for Sustainable Development category for its Mtatsminda plateau reforestation, biodiversity and educational campaign project.
MILESTONE 28 December 2017
First major third-party construction contract · Shopping mall and business centre in Tbilisi’s Saburtalo district
m² was awarded its first major third-party construction contract to construct the shell and core of a shopping mall and business centre, with a reported total contract value of $11.6 million.

Risks

Auditor & credit ratings

audited accounts
AuditorEY LLC

Risk flags

6 found
LEGAL Reported December 20, 2024
A resident of m²’s Tamarashvili No. 6 complex said they planned to sue m², alleging that contracted security and access-control services were not provided as promised; the report also records the resident’s unsubstantiated claim that an investigation into possible misconduct by current or former employees was under way. No court outcome or company response was reported on the page.
DELIVERY DELAY Memorandum announced September 11, 2019; the projects were described as suspended at that date
m² assumed responsibility for completing three already-suspended Sveti projects in Tbilisi affecting up to 2,500 residents; m²’s announcement said construction would begin only after project agreements and construction permits were obtained, so the underlying resident delay pre-dated m² and this source does not establish that m² itself caused it or that the promised completion was missed.
DELIVERY DELAY Reported June 23, 2020
m² agreed to help complete Olympic Star’s unfinished construction after affected families had reportedly waited about 12 years; the reported commitment was to finish within three years after the required permits were obtained, making this an inherited stalled-project exposure rather than evidence that m² originated the delay or failed to complete it.
DELIVERY DELAY 11 September 2019 commitment; status researched 10 October 2026
The suspended Sveti developments at Mirtskhulava 9–11, Nutsubidze 125a and Chkondideli 22 were taken over by m² after years of non-delivery, with a promise to finish within three years of permits; as of the research date, m²’s own project pages still showed Mirtskhulava buildings IX–X and Nutsubidze Building I due in 2026, while the other buildings were completed, so the original all-project commitment was not yet fully delivered.
DELIVERY DELAY 23 June 2020 memorandum; three-year commitment; status researched 10 October 2026
Olympic Star LLC’s long-suspended Tbilisi project was assigned to White Square/BK Construction, associated with m²’s group, in 2020 with a stated three-year completion commitment for about 400 affected families; the latest retrieved material establishes the restart and commitment but does not document completion by 10 October 2026, so the promised delivery appears overdue, with current completion status uncertain.
RISK 9 April 2018 memorandum; 7 November 2019 status statement
Center Point Group’s suspended Tbilisi developments remained a documented legacy failure involving m² only as a proposed conditional finisher: the 2018 memorandum depended on Center Point satisfying preconditions, and m² stated in November 2019 that it had no plans for Center Point at that stage; this does not establish parent-company liability or a completed cancellation, but records an unresolved/abandoned legacy pipeline rather than an ordinary ongoing m² launch.

Record status

active
Coverageactive
Tracked sinceOctober 10, 2026
Last checkedOctober 10, 2026 this month
Profile last researchedOctober 10, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.