Artificial Intelligence
Builders Company
A
AxisTbilisi, Georgia · founded 1998 · 1 active markets
PARTNERSHIP

Axis is a Georgian real-estate developer creating residential buildings, mixed-use complexes, offices, retail, hotels, recreation, and interior works in Tbilisi and elsewhere in Georgia, serving homebuyers, commercial occupiers, hospitality guests, and communities through development, construction, partnerships, and innovation for customers.

Years in business
28
founded 1998
LinkedIn headcount
29
employees, as shown on LinkedIn · size band 51–200
Total projects
up to 40
across the company’s whole history
Units delivered
3,400
as the company states it
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
Axis Development LLC1
Headquarters
Al.Kazbegi Ave N241, Tbilisi1, Georgia
Founded
19981
Entity type
PARTNERSHIP1
Business model
offplan for sale1, commercial1, mixed use1, other1
Markets
1 market listed
What they build
Residential, for sale (10 of 10) · Retail (3 of 10) · Mixed use (1 of 10)
Full dossier in About →

Delivery record

6 date-assessed of 10 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 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
10
within the rolling ten-year window
Median delay
+13.0 mo
the middle of 6 scored projects
Average delay
+28.1 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+80.5 mo
Axis Palace in Sairme St. · +74.0 to +87.0
2
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
3
red rows below

Against other developers

6 date-assessed here · 8 developers, 29 date-assessed projects in Georgia
Median delay
Axis·8 developers in Georgia
+13.0 mo vs +9.5 mo
this developer 3.5 mo worse
The typical project on each side.
Average delay
Axis·8 developers in Georgia
+28.1 mo vs +8.7 mo
this developer 19.4 mo worse
Both pulled by their worst few.
On time
Axis·8 developers in Georgia
33% vs 45%
this developer 12 pts worse
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

2 of 10 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
7.9/ 10
Weighted judgment across build and operations · from 2 of 2 rated buildings
Little structure evidence (2 of 2 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
7.0/ 10
Fabric, services, waterproofing, envelope · from 2 of 2 rated buildings
Management & living
7.3/ 10
Upkeep, response times, amenities, community · from 2 of 2 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 2022-10-31
    FIABCI-Georgia Prix d’Excellence — Mixed Use · Axis Towers
    Axis Towers won the Gold award in the Mixed Use category at the 2022 FIABCI-Georgia Prix d’Excellence; the project is identified in independent reporting as a joint project of Axis Development and the Georgian Co-Investment Fund.
  • PROJECT AWARD Highly commended 2022-10-31
    FIABCI-Georgia Prix d’Excellence — Office · Axis Towers
    Axis Towers received the Silver award in the Office category at the 2022 FIABCI-Georgia Prix d’Excellence; Axis Development is identified as a project partner and developer in contemporaneous reporting.
  • PROJECT AWARD Winner 2016-12-01
    EEA Real Estate Forum & Project Awards — Multifunctional Project of the Year · Axis Towers
    Axis Towers was named the best multifunctional project of the year at the 2016 EEA Real Estate Forum & Project Awards, organized by the Ukraine Real Estate Club and EuropaProperty.com, with voting supervised by Ernst & Young; the report names Axis as a development partner.
  • 1 more in Awards
All awards →

Risks & source coverage

  • DELIVERY DELAY Status reported February 27, 2026; projected handover Q3 2026 Axis Palace 1 remains materially incomplete: the project’s own microsite says that, of its 10 blocks, residents occupy seven, blocks I and VI have only completed structural frames, block VII has reached seven floors, and internal infrastructure still requires completion; this is consistent with an independent project listing that gave Axis Palace 1 a projected Q3 2026 handover, which is a future commitment rather than evidence of completion.
  • DELIVERY DELAY January 12, 2021 A January 2021 investigative report titled “The house you bought from Axis, but do not have” documented customer concerns about Axis’s failure to deliver purchased housing; the article’s available text does not establish a final court or regulatory resolution, so the finding is reported as a documented concern rather than a proven legal violation.
  • DELIVERY DELAY Suspended after August 2008; resumed 2015; completion reported June 17, 2022 Axis Towers was reported as having been put on hold after the 2008 war and economic crisis, with construction resuming only in 2015 under a partnership with the Georgian Co-Investment Fund; the project was subsequently inaugurated in 2022, so this is a historical delay with a reported completion rather than an unresolved current commitment.
  • 2 more in Risk & Sources
Record status
active
Company sources
86 source entries across 85 fields
Projects tracked
10 · 10 completed in assessment
All flags and sources →

Track Record

Delivery record

6 date-assessed of 10 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 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
10
within the rolling ten-year window
Median delay
+13.0 mo
the middle of 6 scored projects
Average delay
+28.1 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+80.5 mo
Axis Palace in Sairme St. · +74.0 to +87.0
2
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
3
red rows below

Against other developers

6 date-assessed here · 8 developers, 29 date-assessed projects in Georgia
Median delay
Axis·8 developers in Georgia
+13.0 mo vs +9.5 mo
this developer 3.5 mo worse
The typical project on each side.
Average delay
Axis·8 developers in Georgia
+28.1 mo vs +8.7 mo
this developer 19.4 mo worse
Both pulled by their worst few.
On time
Axis·8 developers in Georgia
33% vs 45%
this developer 12 pts worse
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

10 of 10 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
2006200720082009201020112012201320142015201620172018201920202021202220232024202520262027todayTBILISI, GEORGIA+80.5 moverified+60 moverifiedcompleted, no target publishedcompleted, no target publishedcompleted, no target publishedcompleted, no target published+18 moverified−0.5 moverified+8 moverified+2.5 moverified
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 turned out to be about something else — a phase, a neighbour, the wider masterplan — and are marked off-subject.

Building & Livability Ratings

Resident experience

2 of 10 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
7.9/ 10
Weighted judgment across build and operations · from 2 of 2 rated buildings
Little structure evidence (2 of 2 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
7.0/ 10
Fabric, services, waterproofing, envelope · from 2 of 2 rated buildings
Management & living
7.3/ 10
Upkeep, response times, amenities, community · from 2 of 2 rated buildings

Against other developers

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

By building

2 rated · 8 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
Axis TowersVake, Tbilisi
8.3/ 10
6.6/ 10
Accor ALL 8.3/10 · 536 reviews · all.accor.com
Accor ALL publishes 8.3/10 from 536 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.6.
7.0/ 10
Accor ALL 8.3/10 · 787 reviews · all.accor.com
Accor ALL 8.4/10 · 223 reviews · all.accor.com
Accor ALL 8.5/10 · 210 reviews · all.accor.com
Accor ALL 7.4/10 · 40 reviews · all.accor.com
Accor ALL 7.7/10 · 13 reviews · all.accor.com
Accor ALL 9.3/10 · 12 reviews · all.accor.com
Accor ALL 8.5/10 · 10 reviews · all.accor.com
Accor ALL 8.9/10 · 260 reviews · all.accor.com
Accor ALL 8.8/10 · 275 reviews · all.accor.com
Accor ALL 9.5/10 · 228 reviews · all.accor.com
Combined from 10 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.

Accor ALL has the largest clearly published whole-property review base, 4.5/5 from 413 guests, which converts to 8.0 under the guest convention. The 4.7/5 Axis Towers building aggregate is materially stronger, while written complaints about service responsiveness, housekeeping, elevator operation and pool access offset part of that signal; the resulting resident-experience score is 8.3. Structure is lower because the published evidence contains elevator and maintenance defects but no evidence of a major structural failure.

+ Modern tower design+ Comfortable rooms+ Panoramic views+ Good shower pressure+ New building and facilities
− Elevator programming issues− Elevator finishing concerns− Broken closet light− Incomplete room maintenance− Room-cleaning lapses
+ Central Vake location+ Panoramic views+ Friendly staff+ Pool and gym+ Shopping convenience
− Slow maintenance response− Inconsistent housekeeping− Elevator delays− Weak access control− Pool-area cleanliness concerns

Published reviews describe a modern, attractive building with comfortable rooms, panoramic views and, in one review, “excellent” shower pressure. The infrastructure-related complaints are operational rather than evidence of a structural failure: reviewers mention that only one of five elevators served certain floors, with one described as finished with plywood, while another guest reported a broken closet light that remained unresolved for days.

Daily-life feedback is attractive but uneven: reviewers praise the “convenient” location, views, pool, gym and friendly staff, while others report that the pool was closed without a remedy, housekeeping left washbasins and toilets dirty, and service felt indifferent. One Tripadvisor reviewer said the stay involved “zero info about hotel” and “total absence of hospitality,” whereas other guests described the staff as attentive and helpful.

Axis Hippodrome — Block 2Tbilisi
7.5/ 10
7.5/ 10
Booking-derived guest review page 9.7/10 · no review count · tbilisi.com.ua
Booking-derived guest review page publishes 9.7/10 with no review count. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 7.5.
7.7/ 10
Booking-derived guest review page 10/10, 9.7/10, 10/10 · no review count · tbilisi.com.ua
Combined from 3 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.7.

The building-specific short-stay listing publishes 9/10 from one review, which converts to 8/10 for guest evidence but must remain within one point of 6.5 because the review base is under ten; this sets 7.5. Six individually displayed guest reviews are positive overall, but they do not provide resident-year evidence or a qualifying larger resident rating.

+ Published comfort score 9.7/10+ Published cleanliness score 10/10+ Air conditioning reported+ Soundproof accommodation described
− Minor equipment faults− Kettle reported not working− Frying pan missing− Traffic noise mentioned
Not found in sources: No published structural complaints · No independently reviewed structural evidence
+ Clean accommodation+ Comfortable stay+ Helpful host/staff+ Security+ Good views/location
− Minor missing equipment− Non-working kettle− Missing frying pan− Missing bathroom bin− Some traffic noise

No resident engineering or building-condition review was located for Block 2 itself. The available short-stay page publishes guest comfort at 9.7/10 and describes the apartment as air-conditioned and soundproof, while one review reports minor in-unit issues: “Kettle was not working” and “Frying pan was missing”; these are apartment contents issues, not evidence of a building-system failure.

The available reviews describe a comfortable short-stay experience: guests call the property “clean,” “comfortable,” “spacious,” and “secured,” and repeatedly praise the host or staff. The only concrete complaints are minor in-unit omissions or faults—“No Dust Bin in toilet,” a non-working kettle and a missing frying pan—so the evidence is favorable but guest-based rather than resident-based.

Only buildings that have reached handover are rated. 8 of 10 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
Axis Development LLC
Headquarters
Al.Kazbegi Ave N24, Tbilisi, Georgia
Founded
1998
GE
Entity type
PARTNERSHIP
Revenue
not published
Business model
offplan for sale, commercial, mixed use, other

Partners

3 partners
Georgian Co-Investment Fund
joint venture

The fund partnered with Axis on Axis Towers, whose construction resumed under that partnership.

JSC Bank of Georgia
funder

The bank was engaged in financing Axis Towers.

Accor Group
operator

Accor's Pullman five-star hotel operates within the Axis Towers complex.

Sources: name

COMPANY2017-01-26

Overview of previous years | Axis.ge

Axis
The construction of which has resumed in 2015 in partnership with the “Georgian Co-investment Fund”.
value seen: Georgian Co-Investment Fund
https://www.axis.ge/en/article/overview-of-previous-years-/35

Sources: partner type

COMPANY2017-01-26

Overview of previous years | Axis.ge

Axis
The construction of which has resumed in 2015 in partnership with the “Georgian Co-investment Fund”.
value seen: partnership
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.axis.ge/en/article/overview-of-previous-years-/35

Sources: summary

COMPANY2017-01-26

Overview of previous years | Axis.ge

Axis
The construction of which has resumed in 2015 in partnership with the “Georgian Co-investment Fund”.
value seen: construction resumed in 2015 in partnership
value paraphrased from this source
https://www.axis.ge/en/article/overview-of-previous-years-/35

Sources: name

PRESSdate not shown in source

USD 50 MLN Has Been Invested In Axis Towers Project As An FDI - PM

BM.GE
Total investment value of Axis Towers exceeds 150 MLN USD and Bank of Georgia JSC was engaged in its financing.
value seen: JSC Bank of Georgia
held out of the figures · the quote does not carry this value
https://bm.ge/en/news/usd-50-mln-has-been-invested-in-axis-towers-project-as-an-fdi---pm/111184

Sources: partner type

PRESSdate not shown in source

USD 50 MLN Has Been Invested In Axis Towers Project As An FDI - PM

BM.GE
Total investment value of Axis Towers exceeds 150 MLN USD and Bank of Georgia JSC was engaged in its financing.
value seen: engaged in its financing
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://bm.ge/en/news/usd-50-mln-has-been-invested-in-axis-towers-project-as-an-fdi---pm/111184

Sources: summary

PRESSdate not shown in source

USD 50 MLN Has Been Invested In Axis Towers Project As An FDI - PM

BM.GE
Total investment value of Axis Towers exceeds 150 MLN USD and Bank of Georgia JSC was engaged in its financing.
value seen: engaged in its financing
value paraphrased from this source
https://bm.ge/en/news/usd-50-mln-has-been-invested-in-axis-towers-project-as-an-fdi---pm/111184

Sources: name

PRESSdate not shown in source

USD 50 MLN Has Been Invested In Axis Towers Project As An FDI - PM

BM.GE
White tower is a residential segment, while the black is a business center with a 5-star Pullman Hotel within the Accor Group from 19th floor.
value seen: Accor Group
https://bm.ge/en/news/usd-50-mln-has-been-invested-in-axis-towers-project-as-an-fdi---pm/111184

Sources: partner type

PRESSdate not shown in source

USD 50 MLN Has Been Invested In Axis Towers Project As An FDI - PM

BM.GE
White tower is a residential segment, while the black is a business center with a 5-star Pullman Hotel within the Accor Group from 19th floor.
value seen: Pullman Hotel within the Accor Group
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://bm.ge/en/news/usd-50-mln-has-been-invested-in-axis-towers-project-as-an-fdi---pm

Sources: summary

PRESSdate not shown in source

USD 50 MLN Has Been Invested In Axis Towers Project As An FDI - PM

BM.GE
White tower is a residential segment, while the black is a business center with a 5-star Pullman Hotel within the Accor Group from 19th floor.
value seen: Pullman Hotel within the Accor Group
value paraphrased from this source
https://bm.ge/en/news/usd-50-mln-has-been-invested-in-axis-towers-project-as-an-fdi-/111184

Registrations & licences

none found
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 10 projects tracked

What they build

5 types
Residential, for sale10 of 10
Retail3 of 10
Mixed use1 of 10
Hotel1 of 10
Office1 of 10
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
AM
Alexander Mezhevidze
Alexander Mezhevidze is identified by the Georgian Association of Architects as the author of the Axis Towers project and a developer and founder of Axis. Independent reporting also identifies him as the founder of Axis Towers, making him the clearest documented founding principal and project-originator in the available record.
Current title
Founder and developer of Axis
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
FounderAxis Towers project authorDeveloper

Sources: full name

PRESS2022-07-31

Architectural Award

Association of Architects of Georgia · carried by archiaward.com
To Alexander Mezhevidze - author of Axis towers Project, developer and founder of the Axis company
value seen: Alexander Mezhevidze
https://archiaward.com/en/Awards/2022

Sources: summary

PRESS2022-07-31

Architectural Award

Association of Architects of Georgia · carried by archiaward.com
To Alexander Mezhevidze - author of Axis towers Project, developer and founder of the Axis company
value seen: author of Axis towers Project, developer and founder of the Axis company
value paraphrased from this source
https://archiaward.com/en/Awards/2022

Sources: tags

PRESS2022-07-31

Architectural Award

Association of Architects of Georgia · carried by archiaward.com
To Alexander Mezhevidze - author of Axis towers Project, developer and founder of the Axis company
value seen: developer and founder of the Axis company
value paraphrased from this source
https://archiaward.com/en/Awards/2022

Sources: tags

PRESS2022-07-31

Architectural Award

Association of Architects of Georgia · carried by archiaward.com
To Alexander Mezhevidze - author of Axis towers Project, developer and founder of the Axis company
value seen: author of Axis towers Project
https://archiaward.com/en/Awards/2022

Sources: title

PRESS2022-07-31

Architectural Award

Association of Architects of Georgia · carried by archiaward.com
To Alexander Mezhevidze - author of Axis towers Project, developer and founder of the Axis company
value seen: developer and founder of the Axis company
https://archiaward.com/en/Awards/2022
GT
George Tsirgvava
Axis’s own current website names George Tsirgvava on its Founders page. I found no reliable public biography, education record, outside board seat, or attributed interview for him beyond that company identification, so those fields are left empty rather than inferred.
Current title
Founder
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Founder

Sources: full name

COMPANYdate not shown in source

Axis founders

Axis.ge
## George Tsirgvava
value seen: George Tsirgvava
https://www.axis.ge/en/founders/

Sources: summary

COMPANYdate not shown in source

Axis founders

Axis.ge
About Axis Axis Team Founders ... ## George Tsirgvava
value seen: George Tsirgvava
value paraphrased from this source
https://www.axis.ge/en/founders/

Sources: title

COMPANYdate not shown in source

Axis founders

Axis.ge
About Axis Axis Team Founders ... ## George Tsirgvava
value seen: Founders
value paraphrased from this source
https://www.axis.ge/en/founders/
GK
Giorgi Kapanadze
Giorgi Kapanadze was Axis’s general director and led strategy, project management, sales and public relations during the company’s major post-crisis development period. His professional profile records the Axis role from January 2005 to May 2018 and places him subsequently at Silk Development; a later-indexed Property Georgia page repeats the general-director title but its body discusses 2017–2018 plans, so his position at Axis on 2026-10-10 is not established.
Current title
General Director of Axis (historical; current status uncertain)
since Jan 2005
Experience
no career length stated
Companies before
Silk Development
Education
Free University of TbilisiMaster of Business Administration
Georgian Technical UniversityMaster’s Degree in Civil Engineering
Georgian Technical UniversityBachelor’s Degree in Production of Building Materials
Other boards
none sourced
Known for
Former Axis general directorReal-estate executiveCivil-engineering backgroundMBA
https://linkedin.com/in/giorgi-kapanadze-32b4a72a
All the units belonging to Axis are already financed at this point, which gives us the opportunity to meet 80 percent of obligations this year and the rest – next year. The FINANCIAL May 29, 2013https://finchannel.com/axis-ready-to-fulfil-80-percent-of-its-obligations-this-year/35149/american-business-trends/r-estate/2013/05/

Sources: education

SOCIALdate not shown in source

Giorgi Kapanadze

LinkedIn
### Master of Business Administration (M.B.A.) General at Free University of Tbilisi 2013 - 2014
value seen: Free University of Tbilisi
https://linkedin.com/in/giorgi-kapanadze-32b4a72a

Sources: education

SOCIALdate not shown in source

Giorgi Kapanadze

LinkedIn
### Master's Degree Civil Engineering at Georgian Technical University 1995 - 1996
value seen: Georgian Technical University
https://linkedin.com/in/giorgi-kapanadze-32b4a72a

Sources: full name

SOCIALdate not shown in source

Giorgi Kapanadze

LinkedIn
### AXIS Development #### Director General Jan 2005 - May 2018
value seen: Giorgi Kapanadze
held out of the figures · the quote does not carry this value
https://linkedin.com/in/giorgi-kapanadze-32b4a72a

Sources: linkedin page

SOCIALdate not shown in source

Giorgi Kapanadze

LinkedIn
# Giorgi Kapanadze
value seen: https://linkedin.com/in/giorgi-kapanadze-32b4a72a
https://linkedin.com/in/giorgi-kapanadze-32b4a72a

Sources: previous companies

SOCIALdate not shown in source

Giorgi Kapanadze

LinkedIn
Director of Business Development at Silk Development
value seen: Silk Development
https://linkedin.com/in/giorgi-kapanadze-32b4a72a

Sources: quote

PRESS2013-05-29

Axis Ready to Fulfil 80 Percent of its Obligations this Year

The FINANCIAL · carried by finchannel.com
“All the units belonging to Axis are already financed at this point, which gives us the opportunity to meet 80 percent of obligations this year and the rest – next year,” Giorgi Kapanadze, the Director of Axis, told The FINANCIAL.
value seen: All the units belonging to Axis are already financed at this point
https://finchannel.com/axis-ready-to-fulfil-80-percent-of-its-obligations-this-year/35149/american-business-trends/r-estate/2013/05/

Sources: since

SOCIALdate not shown in source

Giorgi Kapanadze

LinkedIn
### AXIS Development #### Director General Jan 2005 - May 2018
value seen: Jan 2005
https://linkedin.com/in/giorgi-kapanadze-32b4a72a

Sources: summary

SOCIALdate not shown in source

Giorgi Kapanadze

LinkedIn
### AXIS Development #### Director General Jan 2005 - May 2018
value seen: Director General Jan 2005 - May 2018
value paraphrased from this source
https://linkedin.com/in/giorgi-kapanadze-32b4a72a

Sources: tags

SOCIALdate not shown in source

Giorgi Kapanadze

LinkedIn
### AXIS Development #### Director General Jan 2005 - May 2018
value seen: Director General
value paraphrased from this source
https://linkedin.com/in/giorgi-kapanadze-32b4a72a

Sources: tags

SOCIALdate not shown in source

Giorgi Kapanadze

LinkedIn
### Master's Degree Civil Engineering at Georgian Technical University 1995 - 1996
value seen: Master’s Degree Civil Engineering
https://linkedin.com/in/giorgi-kapanadze-32b4a72a

Sources: tags

SOCIALdate not shown in source

Giorgi Kapanadze

LinkedIn
### Master of Business Administration (M.B.A.) General at Free University of Tbilisi 2013 - 2014
value seen: Master of Business Administration
https://linkedin.com/in/giorgi-kapanadze-32b4a72a

Sources: title

SOCIALdate not shown in source

Giorgi Kapanadze

LinkedIn
### AXIS Development #### Director General Jan 2005 - May 2018
value seen: Director General
https://linkedin.com/in/giorgi-kapanadze-32b4a72a
ST
Sopho Tkhilaishvili
Sopho Tkhilaishvili is publicly listed as Axis Development’s current Head of Marketing and Sales department, a role she has held since October 2023 according to her professional profile. The same profile documents prior sales-and-marketing leadership in hospitality businesses, including Crystal Hotel and Spa Bakuriani, Vardzia Resort and Sairme Hotels & Resorts.
Current title
Head of Marketing and Sales department
since Oct 2023
Experience
no career length stated
Companies before
Crystal Hotel and Spa BakurianiVardzia ResortSairme Hotels & ResortsBazaleti Palace Hotel
Education
Free University of TbilisiMarketing
Ilia State UniversityMaster's degree
Other boards
none sourced
Known for
Head of Marketing and SalesHospitality salesMarketing
https://linkedin.com/in/sopho-tkhilaishvili-674ab15a

Sources: full name

SOCIALdate not shown in source

Sopho Tkhilaishvili

LinkedIn
# Sopho Tkhilaishvili
value seen: Sopho Tkhilaishvili
https://linkedin.com/in/sopho-tkhilaishvili-674ab15a

Sources: linkedin page

SOCIALdate not shown in source

Sopho Tkhilaishvili

LinkedIn
# Sopho Tkhilaishvili
value seen: https://linkedin.com/in/sopho-tkhilaishvili-674ab15a
https://linkedin.com/in/sopho-tkhilaishvili-674ab15a

Sources: since

SOCIALdate not shown in source

Sopho Tkhilaishvili

LinkedIn
### Head of Marketing and Sales department - AXIS Development (Current) Oct 2023 - Present
value seen: Oct 2023
https://linkedin.com/in/sopho-tkhilaishvili-674ab15a

Sources: summary

SOCIALdate not shown in source

Sopho Tkhilaishvili

LinkedIn
### Head of Marketing and Sales department - AXIS Development (Current) Oct 2023 - Present
value seen: Head of Marketing and Sales department - AXIS Development (Current) Oct 2023 - Present
value paraphrased from this source
https://linkedin.com/in/sopho-tkhilaishvili-674ab15a

Sources: tags

SOCIALdate not shown in source

Sopho Tkhilaishvili

LinkedIn
### Head of Marketing and Sales department - AXIS Development (Current) Oct 2023 - Present
value seen: Head of Marketing and Sales department
https://linkedin.com/in/sopho-tkhilaishvili-674ab15a

Sources: title

SOCIALdate not shown in source

Sopho Tkhilaishvili

LinkedIn
### Head of Marketing and Sales department - AXIS Development (Current) Oct 2023 - Present
value seen: Head of Marketing and Sales department
https://linkedin.com/in/sopho-tkhilaishvili-674ab15a
SS
Salome Sikharulidze
Salome Sikharulidze is publicly listed as Axis Development’s current Head of Design group, with the role shown from August 2017. Her profile also identifies her as an architect at NEO Architects and records a Master of Architecture from Georgian Technical University; no further Axis operating remit is stated in the retrieved material.
Current title
Head of Design group
since Aug 2017
Experience
no career length stated
Companies before
NEO Architects
Education
Georgian Technical University, Faculty of Architecture and Urban PlanningMaster of Architecture
Other boards
none sourced
Known for
Head of DesignArchitectMArch
https://linkedin.com/in/salome-sikharulidze-60b33b3b

Sources: education

SOCIALdate not shown in source

Salome Sikharulidze

LinkedIn
### Master of Architecture (MArch) at Georgian Technical University, Faculty of Architecture and Urban Planing 2000 - 2005
value seen: Master of Architecture (MArch) at Georgian Technical University
https://linkedin.com/in/salome-sikharulidze-60b33b3b

Sources: full name

SOCIALdate not shown in source

Salome Sikharulidze

LinkedIn
# Salome Sikharulidze
value seen: Salome Sikharulidze
https://linkedin.com/in/salome-sikharulidze-60b33b3b

Sources: linkedin page

SOCIALdate not shown in source

Salome Sikharulidze

LinkedIn
# Salome Sikharulidze
value seen: https://linkedin.com/in/salome-sikharulidze-60b33b3b
https://linkedin.com/in/salome-sikharulidze-60b33b3b

Sources: since

SOCIALdate not shown in source

Salome Sikharulidze

LinkedIn
### Head of Design gorup - AXIS Development (Current) Aug 2017 - Present
value seen: Aug 2017
https://linkedin.com/in/salome-sikharulidze-60b33b3b

Sources: summary

SOCIALdate not shown in source

Salome Sikharulidze

LinkedIn
### Head of Design gorup - AXIS Development (Current) Aug 2017 - Present
value seen: Head of Design gorup - AXIS Development (Current) Aug 2017 - Present
value paraphrased from this source
https://linkedin.com/in/salome-sikharulidze-60b33b3b

Sources: tags

SOCIALdate not shown in source

Salome Sikharulidze

LinkedIn
### Master of Architecture (MArch) at Georgian Technical University, Faculty of Architecture and Urban Planing 2000 - 2005
value seen: Master of Architecture (MArch)
https://linkedin.com/in/salome-sikharulidze-60b33b3b

Sources: title

SOCIALdate not shown in source

Salome Sikharulidze

LinkedIn
### Head of Design gorup - AXIS Development (Current) Aug 2017 - Present
value seen: Head of Design gorup
https://linkedin.com/in/salome-sikharulidze-60b33b3b
VT
Vasil Tatanashvili
Vasil Tatanashvili is publicly listed as a current Business Development Manager at Axis Development from August 2018. His profile describes experience in real-estate business development and records an MBA in International Business Development from Grenoble Ecole de Management, alongside degrees in sales and marketing and business administration.
Current title
Business Development Manager
since Aug 2018
Experience
no career length stated
Companies before
Expeditors International
Education
Grenoble Ecole de ManagementMaster of Business Administration, International Business Development
University of Applied Sciences Upper AustriaBachelor of Applied Science, Global Sales and Marketing
Caucasus UniversityBachelor’s degree, Marketing/Marketing Management
Georgia State UniversityBachelor’s degree, Business Administration and Management
Other boards
none sourced
Known for
Business developmentReal estateMBAInternational business development
https://linkedin.com/in/vasil-tatanashvili-mba-4a9060b2

Sources: education

SOCIALdate not shown in source

Vasil Tatanashvili, MBA

LinkedIn
### Master of Business Administration (M.B.A.), International Business Development at Grenoble Ecole de Management 2014 - 2017
value seen: Grenoble Ecole de Management
https://linkedin.com/in/vasil-tatanashvili-mba-4a9060b2

Sources: full name

SOCIALdate not shown in source

Vasil Tatanashvili, MBA

LinkedIn
# Vasil Tatanashvili, MBA
value seen: Vasil Tatanashvili
https://linkedin.com/in/vasil-tatanashvili-mba-4a9060b2

Sources: linkedin page

SOCIALdate not shown in source

Vasil Tatanashvili, MBA

LinkedIn
# Vasil Tatanashvili, MBA
value seen: https://linkedin.com/in/vasil-tatanashvili-mba-4a9060b2
https://linkedin.com/in/vasil-tatanashvili-mba-4a9060b2

Sources: since

SOCIALdate not shown in source

Vasil Tatanashvili, MBA

LinkedIn
### Business Development Manager - AXIS Development (Current) Aug 2018 - Present
value seen: Aug 2018
https://linkedin.com/in/vasil-tatanashvili-mba-4a9060b2

Sources: summary

SOCIALdate not shown in source

Vasil Tatanashvili, MBA

LinkedIn
### Business Development Manager - AXIS Development (Current) Aug 2018 - Present
value seen: Business Development Manager - AXIS Development (Current) Aug 2018 - Present
value paraphrased from this source
https://linkedin.com/in/vasil-tatanashvili-mba-4a9060b2

Sources: tags

SOCIALdate not shown in source

Vasil Tatanashvili, MBA

LinkedIn
### Master of Business Administration (M.B.A.), International Business Development at Grenoble Ecole de Management 2014 - 2017
value seen: Master of Business Administration (M.B.A.)
https://linkedin.com/in/vasil-tatanashvili-mba-4a9060b2

Sources: title

SOCIALdate not shown in source

Vasil Tatanashvili, MBA

LinkedIn
### Business Development Manager - AXIS Development (Current) Aug 2018 - Present
value seen: Business Development Manager
https://linkedin.com/in/vasil-tatanashvili-mba-4a9060b2

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 0 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

10 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Axis Palace in Sairme St.Tbilisi, Georgia
Saburtalo
residential for sale, retail———————Sep 2018 – Nov 2018Jan 2025 – Dec 2025+80.5 mo
(+74.0 to +87.0)
sourcedcompleted
Axis TowersTbilisi, Georgia
Vake
mixed use, residential for sale, hotel, office, retail—41—USD 150m
other
30%/70%120062006Jan 2017 – Dec 2017Jan 2022 – Dec 2022+60.0 mo
(+49.0 to +71.0)
sourcedcompleted
Axis Palace 2 — Block 1Tbilisi, Georgia
residential for sale—19——————Jan 2021 – Dec 2021—not scorablecompleted
Axis Palace 2 — Block 2Tbilisi, Georgia
residential for sale—11——30/701———Jan 2021 – Dec 2021—not scorablecompleted
Axis Palace 2 — Block 3Tbilisi, Georgia
residential for sale—11——————Jan 2021 – Dec 2021—not scorablecompleted
Axis Palace 2 — Block 5Tbilisi, Georgia
residential for sale—17——30/701———Jan 2021 – Dec 2021—not scorablecompleted
Axis Tsinamdzghvrishvili 125Tbilisi, Georgia
residential for sale, retail5318——20/8012017ოქტ 2017Jan 2017 – Dec 2018Jan 2019 – Dec 2019+18.0 mo
(+1.0 to +35.0)
sourcedcompleted
Axis Chavchavadze 49 — Block 3Tbilisi, Georgia
residential for sale————20/801——Jun 2018 – Aug 2018Jan 2018 – Dec 2018−0.5 mo
(−7.0 to +6.0)
sourcedcompleted
Axis Hippodrome — Block 3Tbilisi, Georgia
residential for sale—22——20/801——Sep 2017 – Dec 2017Jan 2018 – Dec 2018+8.0 mo
(+1.0 to +15.0)
sourcedcompleted
Axis Hippodrome — Block 2Tbilisi, Georgia
residential for sale—21——20/801——Mar 2017 – May 2017Jan 2017 – Dec 2017+2.5 mo
(−4.0 to +9.0)
sourcedcompleted
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

4 found
PROJECT AWARD Winner 2022-10-31
FIABCI-Georgia Prix d’Excellence — Mixed Use · Axis Towers
Axis Towers won the Gold award in the Mixed Use category at the 2022 FIABCI-Georgia Prix d’Excellence; the project is identified in independent reporting as a joint project of Axis Development and the Georgian Co-Investment Fund.
PROJECT AWARD Highly commended 2022-10-31
FIABCI-Georgia Prix d’Excellence — Office · Axis Towers
Axis Towers received the Silver award in the Office category at the 2022 FIABCI-Georgia Prix d’Excellence; Axis Development is identified as a project partner and developer in contemporaneous reporting.
PROJECT AWARD Winner 2016-12-01
EEA Real Estate Forum & Project Awards — Multifunctional Project of the Year · Axis Towers
Axis Towers was named the best multifunctional project of the year at the 2016 EEA Real Estate Forum & Project Awards, organized by the Ukraine Real Estate Club and EuropaProperty.com, with voting supervised by Ernst & Young; the report names Axis as a development partner.
GOVERNMENT RECOGNITION 2022-06-17
First World Trade Center in the region · Axis Towers
At the 2022 inauguration, Georgia’s Prime Minister described Axis Towers as the first World Trade Center in the region; the report identifies Axis Development LLC as a joint-project developer with the Georgian Co-Investment Fund.
Government of Georgia (recognition reported at the project inauguration) · https://bm.ge/en/news/usd-50-mln-has-been-invested-in-axis-towers-project-as-an-fdi---pm/111184

Risks

Risk flags

5 found
DELIVERY DELAY Status reported February 27, 2026; projected handover Q3 2026
Axis Palace 1 remains materially incomplete: the project’s own microsite says that, of its 10 blocks, residents occupy seven, blocks I and VI have only completed structural frames, block VII has reached seven floors, and internal infrastructure still requires completion; this is consistent with an independent project listing that gave Axis Palace 1 a projected Q3 2026 handover, which is a future commitment rather than evidence of completion.
DELIVERY DELAY January 12, 2021
A January 2021 investigative report titled “The house you bought from Axis, but do not have” documented customer concerns about Axis’s failure to deliver purchased housing; the article’s available text does not establish a final court or regulatory resolution, so the finding is reported as a documented concern rather than a proven legal violation.
DELIVERY DELAY Suspended after August 2008; resumed 2015; completion reported June 17, 2022
Axis Towers was reported as having been put on hold after the 2008 war and economic crisis, with construction resuming only in 2015 under a partnership with the Georgian Co-Investment Fund; the project was subsequently inaugurated in 2022, so this is a historical delay with a reported completion rather than an unresolved current commitment.
DELIVERY DELAY 2012 contractual completion target; restart reported 2017-01-26; autumn 2018 revised commitment; later project page stated end-2022 target; progress reported through 2026-02-27
Sairme Palace (Axis Palace on Sairme Street), developed by Axis, was a previously stalled project: buyers had contracted for delivery by 2012, but the 23-storey second block remained undelivered after the 2008 crisis; Axis restarted construction in January 2017 and said it would complete the block in autumn 2018. Axis’s later project page records Block I as completed and Block II as scheduled for the end of 2022, while its February 2026 project updates document completed works, so this is resolved historical delay rather than an active failure as of 2026-10-10.
DELIVERY DELAY Stalled after the 2008 crisis; construction resumed 2015; January 2017 commitments for 2017 completion and 2018 hotel opening; current operation documented
Axis Towers, developed by Axis in partnership with the Georgian Co-Investment Fund, had been stalled for years before construction resumed in 2015; Axis reported in January 2017 that the complex would finish in 2017 and the Pullman hotel would open in 2018. Current Axis Towers and Accor pages show the complex and hotel operating, so the finding is historical stalled delivery with subsequent completion/operation, not an active failure as of 2026-10-10.

Record status

active
Coverageactive
Tracked sinceOctober 10, 2026
Last checkedOctober 10, 2026 this month
Profile last researchedOctober 10, 2026
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