The Batumi Projects team: Dana Caleiro, director, Michael Bujaldon, founder and Ana Gventsadze, lawyer. DR.
With twenty years of experience in international real estate, from Europe to the United States, Michael Bujaldon founded Batumi Projects two years ago. Its ambition: to reveal Georgia's potential, facilitate projects and secure investments in a market that is as promising as it is complex. Meeting with an entrepreneur who is transforming Batumi into a new real estate stronghold.
Michael, how did the idea for Batumi Projects come about?
Michael Bujaldon: After twenty years in international real estate, I have developed an ability to “feel” the markets. By discovering Batumi, I saw incredible potential: a city on the shores of the Black Sea, with architecture in full transformation, and a country, Georgia, which offers a tax appeal similar to Dubai. But I also noticed that setting up a project here is complex. You need to know the codes, have the right contacts, and know how to navigate between legal, legal and tax aspects. This is why I created Batumi Projects: the structure that reassures and connects.
Concretely, what is your role with investors?
M.B. :We do everything to facilitate and secure their projects. This requires a rigorous selection of partners and promoters. Petra Group, for example, is one of our strategic partners. He is a solid local player who knows the terrain perfectly. This partnership is one of the keys to our success: we only offer reliable projects, meeting international standards, with real visibility on profitability.
What types of projects do you market?
M.B. :Mainly hotel and residential complexes: apartments, hotels, and even mountain projects to meet the growing demand for skiing and winter sports. Petra is also developing mountain resorts for winter sports and thermal cures, to provide investors with income throughout the year. We are also the exclusive partner of Petra Group in France, in Spain and in many other countries, which allows us to offer emblematic projects such as Petra Sea Resort, a large-scale project on the shores of the Black Sea, designed as a lifestyle destination with hotels, residences and premium services. Petra is also developing skyscrapers that will transform Batumi's skyline. The average investment is between US$30,000 and US$50,000, with many pre-sale opportunities. To date, we are the only company to have exclusive marketing rights for Petra projects in these markets.
Exactly, why is Batumi so attractive?
M.B. :It’s a unique city. It has the energy and verticality of New York, the festive spirit of Las Vegas, while remaining deeply anchored in its culture and history. There are investors from Dubai, Saudi Arabia, Israel... This mix is fascinating and creates incredible dynamism.
An emerging market also involves risk…
M.B. :Absolutely. The potential is enormous, but if poorly supported, a project can quickly turn into a fiasco. The rules, habits and rhythm of the local market are specific. Our role is to provide this expertise to avoid unpleasant surprises. We integrate the investor into the local ecosystem while maintaining an international approach.
What is your long-term vision?
M.B. :I believe that Batumi is only at the beginning of its transformation. In ten years, it will be an essential regional hub, both tourist and economic. My ambition is that Batumi Projects continues to be the trusted partner for all those who want to participate in this adventure, while maintaining the same requirement for quality and authenticity.
Info:
Email: contact@batumiprojects.com
Instagram: batumi._projects
Facebook: Batumi Projects
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