Invest in Lisi Development
Georgia's premier developer.
Invest in Lisi Development
Georgia's premier developer.
Lisi Development in numbers
13+ Years
of market dominance
78,000SQM
of residential units sold
50+
International real estate awards
Key principe
First company in Georgia establishing green and innovative principles in real estate market- 80/20 CONCEPT: 80% of land is used for green zones & infrastructure 20% of area for construction. This corporate philosophy has resulted in 70 sq.m. green environment per capita, 7.7x higher that WHO standards.
Globally recognized Partners
International Recognition
From 2012 to 2020, we won eight International Property Awards.
We’ve been named as the Best Developer, Mixed Use Development and the Residential Development of Georgia.
Financial Indicators
c.12.4%
Historical Debt/Assets
$230. Mn
Equity around
1.5x-2x
Realizing
Financial performance review
In 2022, Georgia faced challenges due to the aftermath of the Covid-19 pandemic and Russia's war in Ukraine. These events disrupted supply chains and trade flows. However, the country's economy proved to be resilient. Georgia served as a key transport corridor, attracting cargo forwarders, and proved to be attractive to migrants and new businesses. The economy operated close to full capacity, with double-digit GDP growth driven by consumption, investment, and external inflows.
Lisi Development has achieved record sales of $25.4m in 2022. Based on the IFRS requirements, the company recognizes revenue in proportion to the construction progress. Typically, sales start before construction commencement and a significant part of each block is sold well before completion of the construction. As a result, sales usually precede revenue recognition by 1-2 years.
Buknari resort development vision
Lisi Development owns 9 ha land plot on the eastern coast of Black sea in a Village Buknari. The site a beautiful beachfront area within 15 minute drive for Batumi, main regional touristic center.

Buknari Resort includes hotels, serviced apartments, sky Villas, family zone and other residential facilities. Overall concept for Buknari is to develop an upscale Georgian Riviera resort. In Dec 2022, Lisi development obtained permit to build 15 floor Hotel & Serviced apartments. Building starts in 2023 and will be finished by Dec 2025.