About us

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2007 - 2010

„Redix“ - Real Estate and Investment Management Company was founded in 2007.

The company has a leading position in the local market.

In 2007, Redix was the first to introduce a large scale business center on Saburtalo (BCV); The building features a living and office space, a cafeteria and a fitness center.

Since 2008, the company „Redix“, along with real estate and investment management, has actively started to exploit the tourism potential in Georgia.  „Redix“ hospitality direction (HORECA) focuses on integrating various modern hotels, restaurants and cafes throughout the country.

2010 - present

Since 2010, the company has been operating in the field of agriculture. High quality wine, honey and dairy products - these are just a few of the products that the company produces.

The company owns the largest industrial dairy farm in Transcaucasia, producing more than 40 tones of milk daily.

Currently, „Redix“ manages more than $ 100 million worth of real estate assets, including operating property located in Tbilisi and various regions of Georgia, property under construction and development, and a land bank.

Currently, Redix group company employees up to 500 personnel.

Our values

Values

Company Values:
The key values of „Redix“are contributing to the country's development - we believe we are doing a good job in the country's economic, social and urban development.
Searching for innovation - with any of our startups, accomplished, ongoing or future projects we maintain an innovative niche, we are the pioneers of our work.
Quality - All projects, businesses or activities are quality oriented. „Redix“ works with leading companies and international organizations around the world, reflecting on both the quality of product and service, as well as the number of investments.

The Goal

''Redix“ – This is professional, purposeful and work–oriented team.
Our goal is to develop and introduce new and up-to-date concepts, attract leading international organizations, collaborate with local organizations, deliver outstanding products and services to customers and emerge Georgia as economic, political and cultural hub in the region.

Our group, whose activities consist of several business directions, has set a goal to implement large-scale development and investment projects; to maximize tourism potential in Georgia, which is vital for the country's economic development.

Our Vision

Economically sustainable, developed country with western values and experience.

Projects

Ongoing projects

CH64 - A step forward in the local real estate market. „Redix“, one of the first, to deliver the highest quality,  NFPA accredited with international standards and energy efficient A Class Business Centre. Exquisite exterior with natural clay tiles facing glass facade, which naturally blends in with the facade of the Hilton Garden Inn, best location and all the details of a modern business center improves productivity, creates incentives and the best conditions for the most successful implementation of any job. Currently, CH64 office spaces are used by international organizations and representatives of diplomatic corps.  

Our Partners

REGUS

Regus is the largest provider of workspaces, a British company with over 3500 business centers in more than 1,000 cities around the world. Sophisticated interiors, offices and co-working spaces, conference rooms with flexible contract terms. Currently Regus is represented in BCV and Tabidze 1 business centers.

building

Hilton Garden In

In Georgia, as in other countries of the modern world, the development of the tourism sector depends on the development of the quality of hospitality, infrastructure and communication. The more solid, diverse and interesting the country is in terms of tourism, the more people want to visit. 
That is exactly the concept of the Hilton Garden Inn. Located in the central part of the city, close to the banks and headquarters of the commercial sector in general, its internationally recognized quality is very close to the highest standard of business tourism requirements. Thereto, the hotel naturally combines with the newly built A Class

building

Management

Lasha Papashvili
Lasha Papashvili

Group Founder & CEO

Lasha Papashvili
Lasha Papashvili

Group Founder & CEO

Originally a lawyer, Lasha started business in trade and export first in Georgia and later in Russia.  He bought in shares of JSC Bank Republic in 1997 and took the position of CEO in 1998, and later in 2005 the position of Chairman of Supervisory Board until 2013. Under his leadership Bank Republic grew to one of the most profitable banking operations during the years of 1998-2006, being the 8th largest bank in Georgia. In 2006 majority of shares were sold to the Société Générale Group, but Lasha stayed as a Chairman until 2013 when he sold the rest of the ownership to the French group (By that time Bank Republic already being the 3rd largest bank by assets).

In 2007 Lasha Papashvili with his brother Sulkhan Papashvili founded Redix Ltd, a Real Estate Asset and Investment Managemen Firm that took over real estate investments and asset holdings of the Papashvili Family. Apart from Redix Group, family has made investments in agriculture business by starting a greenfield project of dairy farm in 2013. Today the farm (Kvareli Baga Ltd) is the largest fresh milk producing operation in Georgia, selling its production to major players in dairy processing industry of Georgia. Papashvili family plans to further invest in agriculture, food and wine businesses. 

Lasha Papashvili and his large family reside in Tbilisi.

Sulkhan Papashvili
Sulkhan Papashvili

Co-Founder & Chairman of the Board of Investment

Sulkhan Papashvili
Sulkhan Papashvili

Co-Founder & Chairman of the Board of Investment

Sulkhan Papashvili was born in Georgia on February 14, 1966.  In 1988 he graduated from Faculty of Law of Tbilisi State University.

He started career in law and public service. He maintained his public service career until 2003.

In 2003 Sulkhan Papashvili continued his career as a businessman in private sector. Papashvili family owned a controlling stake in JSC Bank Republic (Sulkhan’s brother, father and eventually Sulkhan being his father’s benefactor), majority of which was sold to Société Générale Group and EBRD in 2006. In the two phases of share sale Papashvili family received total of 80.0Mln$.

After Société Générale and EBRD acquired majority stake in equity of Bank Republic in 2006, Sulkhan was joined to advise the Supervisor Board on strategic issues, relationship with multinational corporate and strategic projects.

Starting from 2007 the brothers established real estate investment and development holding, having with 50% shares ownership for each brother (the holding operates and owns assets in Georgia); and set up Redix LLC as a management entity run by CEO Lasha Papashvili. Here Sulkhan remains as Non-Executive Board Member. 

Today Redix Group strategy is to develop a mixed-use portfolio of real estate property operations in Georgia, concentrating mostly on the following sectors:

•    Office - Develop to operate, mostly A & B class;

•    Hospitality - Develop to operate, predominantly mid-market, 50% city versus 50% resort destinations;

•    Retail - Including F&B, develop to operate and/or lease, mixed with office, residential or hotel, opportunistic on malls and shopping centers;

•    Residential - Develop to sell, turnkey high class, opportunistic on affordable housing.

Starting from 2012 Redix Group also invested in service business like restaurant chain, travel services and spa & wellness, but the group predominantly remains in real estate industry, aiming to expand office and hospitality portfolio.

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