FK Development

FK Development - a development company founded by Fridon Katamadze, the author of an ambitious project "Batumi Island". With more than 22 years of experience in the construction industry in Georgia, the company has managed to establish itself as one of the most reliable and competent players in the market. In the portfolio FK Development includes not only residential complexes, but also hotel and public infrastructure facilities, which indicates a broad profile and high level of expertise.

The company's flagship project - Batumi Island - became the first artificial island on the coast of Georgia, which is positioned as a landmark resort complex with premium architecture and full infrastructure (private beach, SPA, fitness, recreation areas). In 2025, the company entered into a strategic partnership with the brand Tonino Lamborghini to create an exclusive tower on the island called Tonino Lamborghini Tower Batumi. This collaboration marks the entry of the legendary Italian brand into the Caucasian market and combines Georgian vision with Italian aesthetics to create a unique, collectible luxury property.

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What makes a property from FK Development stand out?

Over 22 years of expertise and a portfolio of landmark properties throughout Georgia

The company has established itself as one of the most reliable players in the market, having successfully completed a wide range of projects from government offices to five-star hotels and landmark public infrastructure.

Creation of Georgia's first artificial island and exclusive partnership with Tonino Lamborghini

Under the leadership of founder Fridon Katamadze, the company is building a landmark project for the entire Black Sea region - the country's first bulk island Batumi Island, where the flagship tower will bear the name of the prestigious Italian brand.

A project with unprecedented infrastructure and projected high yields

Residents have access to a private beach, casino, spa centre, yacht club and many other exclusive facilities "Batumi Island residential complex by FK DEVELOPMENT", which makes the apartments not just housing, but a collectible asset. According to Cushman & Wakefield, the potential rental yield here reaches 14.6%.