AB Development

AB Development - a real estate development company formed in 2008 on the basis of Horus Group of Companies and is now part of Altera Group of Companies. Under the leadership of Alexey Blanin (more than 15 years in the industry, 14 successful projects in Moscow and Houston with a budget of over $1bn), a team of 100 specialists implements luxury residential, commercial and social projects. The entry into the Georgian market was marked by the launch of the ambitious residential complex "Red" in Batumi - a 26-storey dominant building on Angisa Street, less than 500 metres from the sea. This project for 1012 flats (studios, 1- and 2-room flats, ceiling height 3 m, monolithic frame technology) became for the company not just a construction project, but a bid for the status of one of the leading players in the affordable comfort class segment with its own developed infrastructure (swimming pool, spa, fitness, children's centre, parking).

For AB Development, the Red project is an example of an integrated approach: from design to financial management and sales. The company offers flexible terms - mortgage and interest-free instalments, which makes the property affordable for families, tourists and investors. The delivery date of the first phase is the 4th quarter of 2028 and the starting price starts from $37,400. At the same time, the developer continues to develop its portfolio in other regions, maintaining its reputation as a reliable partner, which has been verified by major commercial funds and banks.