Managing Director | Partner
I am senior real estate executive and entrepreneur with 15+ years’ experience leading real estate investment, development, sales, construction and turnaround operations. We have successfully built and managed high-performance international teams to facilitate and close large real estate transactions in Georgia.
I have experience of developing large scale commercial, mixed use and resort projects in Georgia. We have closely worked with international consultants and master-planners to develop overall close to 5 millions square meters of land area and circa 1.5 million square meters of development volume.
I am also experienced in investor search and fund raising negotiations, in last 10 years we have raised and negotiated more than US$500 million for the projects in Georgia from Institutional Investors and IFI’s such are Citi, EBRD, IFC and private real estate funds operating from New York, London and Moscow.
As a Managing Partner at Dexus, Real Estate Asset Management Company, I have successfully turned around the largest private residential developer in Georgia, Center Point Group, completing 13 large scale project in value of around US$200 million and in volume of circa 250 thousand square meters, recovering investment for over 4,000 clients in value of about US$170 million. We have raised for recovery US$18 million and achieved over 80% annualized return on investment, we have created US$10 million extra value through renegotiating terms with the stakeholders of the project.
As a Chief Executive Officer at GRDC, real estate investment and development company, I have identified, secured, and invested over US$130 million to support the successful completion of large ongoing real estate development projects, raised over US$100 million in additional funding with IFIs. We have increased market share value by 3X while preparing the company to go public by developing and implementing business development strategies to build, expand, and sustain market growth throughout new territories.
Harvard Business School 2007-2008
European School of Management 1994-1998
European Bank for Reconstruction and Development (EBRD), International Financial Corporation (IFC), Ras Al Khaimah Investment Authority Georgia (RAKIA Georgia), Rakeen Development, Rezid Holding, Microsoft, Booking.com, Basel Group, IDECO Development, BDO Georgia, Wissol Group, Georgian Reconstruction and Development Company (GRDC), TBC Bank, Bili Management, ProCredit Bank Georgia ,Georgian Industrial Group (GIG), Loyal Capital, Coca Cola Bottlers Georgia, Capital Partners Georgia, Rianta Capital, Illyrian Funds, PwC, Deloitte, National Bank of Georgia (NBG), Partnership Fund, Tbilisi Development Fund (TDF), Ministry of Economy of Georgia, Tbilisi Municipality, Georgian Railway Company, etc.
I have extensive working experience as the Chief Executive Director in the leading Georgian companies. My experience spans from real estate development, business management to banking. I have joined the real estate industry in 2010, as the CEO of Dexus Construction Management and have established Colliers Georgia together with the partners in 2014, managing the real estate services and heading Project and Building Consultancy services over past 8 years.
For over 5 years I have been the CEO of Business Association of Georgia. During the years of 2005 through 2010, I held the Executive Management positions at “GMG LLC Representative in Georgia”, “Tbilisi Urban Development Municipal Agency” and “UGT” LTD.
Between 2001-2004 years, I was the Branch Director, Head of Treasury Department and Customer Service Director, Vice-President at Bank Republic.
Zura has profound knowledge and experience in the field of valuation and research. He has been the Director and Managing Partner at the real estate valuations company, GREMIC LLC, since 2010. Currently, he is the Non-Executive Director at Gremic LLC.
His experience in the banking sector deserves appreciation. He was the Head of Credit Department at JSC Kor Standard Bank in 2007-2010; Head of SME Finance Department at JSC Bank Republic Societe Generale Group in 2004-2007. He served as the Corporate Banker and Microfinance Credit Expert at JSC Tbiluniversal Bank in 2001-2004.
I am a property professional with 17 years of project experience of commercial, residential and mix use properties in the Caucasus region. I am an acclaimed professional in terms of economic advisory of spatial planning and urban development projects, concept development and financial modelling, including revenue and cost estimations for large scale projects.
During my career I have consulted, planned, and executed mixed-use concepts and detailed projects with resort and entertainment elements of more than 250,000 square meters, with development value of $150 million overall.
I am also highly experienced in construction and project management for numerous residential and mixed-use developments in Tbilisi.
I have more than 15 years of experience in the property market. As the Managing Partner, I led formation of Colliers and managed the development of B2B platforms for investments. Oversaw real estate consulting of more than 25 international companies and delivered number of high volume transactions for brokerage services.
My experience encompasses an array of fields from property sales and marketing to business development and management, covering sectors of insurance, banking, retail business and the real estate.
Director | Valuation & Advisory Services
I am senior real estate executive with 12+ years’ experience leading valuation and advisory services of Colliers Georgia. I have successfully built and managed high-performance team consisting of more than 90 Georgian professionals to accomplish thousands of real estate valuation and consulting projects for our local and international clients.
My experience includes managing projects of property valuation, business valuation, market research, feasibility studies, Highest and Best Use analyses, and asset inventory. I have worked on large scale projects in all real estate sectors including lands, residential, commercial, hotel, warehouse & industrial and mixed-use developments.