{"id":192070,"date":"2024-10-20T14:48:42","date_gmt":"2024-10-20T10:48:42","guid":{"rendered":"https:\/\/forbes.ge\/who-s-next\/"},"modified":"2024-12-26T15:38:35","modified_gmt":"2024-12-26T11:38:35","slug":"who-s-next","status":"publish","type":"post","link":"https:\/\/dev.forbes.ge\/en\/who-s-next\/","title":{"rendered":"Who\u2019s NEXT?"},"content":{"rendered":"<h5 style=\"text-align: right;\"><em>Only six years after its founding, Kakha Devadze\u2019s company Next already has 20 projects in three countries to its name. The 39-year-old businessman\u2019s ambitious goal is not only to erect buildings in cities but to build new cities from scratch.<\/em><\/h5>\n<p><span style=\"font-weight: 400;\">\u201eWe talk to our investors in 11 different languages,\u201c &#8211; Kakha Devadze tells us. With its 300-strong team, his company manages 20 construction projects across three countries. They include 12 hotel-type residential complexes in Batumi, Chakvi, and Gonio, the Next Coral complex in Dubai, and four residences in the Kenyan capital, Nairobi. The company portfolio also includes internationally recognized quality brands such as Radisson Blu Residences and Wyndham Residences.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Complex projects implemented in partnership with global firms \u2013 nothing bigger could have emerged in the Georgian development market. However, Kakha Devadze\u2019s vision goes beyond erecting buildings; he aims to establish new cities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first steps toward this ambitious goal were taken six years ago. \u201cI became interested in the development sector when I realized the importance of real estate investment for people and how securing a high return on investment affects their sense of security,\u201d Mr. Devadze explains.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-183050\" src=\"https:\/\/forbes.ge\/wp-content\/uploads\/2024\/08\/N150-COVER-Property-JUL-AUG24-6-scaled.jpg\" alt=\"\" width=\"1939\" height=\"2560\" srcset=\"https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-COVER-Property-JUL-AUG24-6-scaled.jpg 1939w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-COVER-Property-JUL-AUG24-6-227x300.jpg 227w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-COVER-Property-JUL-AUG24-6-776x1024.jpg 776w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-COVER-Property-JUL-AUG24-6-768x1014.jpg 768w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-COVER-Property-JUL-AUG24-6-1163x1536.jpg 1163w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-COVER-Property-JUL-AUG24-6-1551x2048.jpg 1551w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-COVER-Property-JUL-AUG24-6-370x488.jpg 370w\" sizes=\"(max-width: 1939px) 100vw, 1939px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">He devoted the first part of his journey to learning from international brands and gathering experience. However, he soon realized that in order to implement large-scale plans, he had to turn Next into a global brand in its own right. His vision was clear from the start: to create quality facilities based on values such as environmental responsibility, security, and reliability. Chief among the values was the emotional component: the harmony created by the proximity to nature and the sea.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Planning is one thing; implementing the plans is another. Soon after the company\u2019s foundation, the pandemic challenged its global vision. During this period, most international brands faced difficulties such as supply chain disruptions, labor shortages, and stringent health and safety measures. Under the leadership of Kakha Devadze, Next turned problems into opportunities. In this period of general uncertainty, Kakha Devadze outlined clear goals and prospects for Radisson Blu Residences and Wyndham Residences. Together with these international brands, Next set its sights on Gonio, where the construction of two 5-star residences and a hotel-type residential complex began.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cI believe that the quality of our guests will reflect the quality of our hotels and apartments. This will also determine the future of our country,\u201d Mr. Devadze states.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kakha Devadze wants to implement a new lifestyle:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Modern architecture that has a positive effect on people\u2019s mood, psychology, and everyday life;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A comfortable environment created by service spaces and supporting infrastructure;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A high standard of quality;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A management company that looks after investors\u2019 property and ensures a high return on investment.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Modern design trends and aesthetics coexist harmoniously in all Next projects. Design and architecture are Kakha Devadze\u2019s main passions. \u201cArchitecture is about people, their psyche, and their mood. This is everything for us. Before we start construction in a country or location, we study the surroundings, and foremost of all the architecture.\u201d<\/span><\/p>\n<figure id=\"attachment_183052\" aria-describedby=\"caption-attachment-183052\" style=\"width: 2000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-183052\" src=\"https:\/\/forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-149.jpg\" alt=\"\" width=\"2000\" height=\"1343\" srcset=\"https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-149.jpg 2000w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-149-300x201.jpg 300w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-149-1024x688.jpg 1024w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-149-768x516.jpg 768w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-149-1536x1031.jpg 1536w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-149-370x248.jpg 370w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-149-280x189.jpg 280w\" sizes=\"(max-width: 2000px) 100vw, 2000px\" \/><figcaption id=\"caption-attachment-183052\" class=\"wp-caption-text\">Next Coral in Dubai, UAE<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Next Coral is an example of this approach. Before its construction, Kakha Devadze and his team spent a year researching local companies, business environments, and experiences in developing artificial islands.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cStarting the project in Dubai gave us the opportunity to conduct research and study successful local companies to understand how they work, what they spend the most resources on, and how they handle projects. Today, we are guided by similar standards.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Next Coral is being built on the artificial Dubai Islands right by the coastline and consists of 80 premium apartments, two swimming pools, a modern fitness center, and a restaurant. Dubai Islands were designed by the same master developer who previously worked on Palm Jumeirah and Palm Jebel Ali. The residence will have two golf courses, the city\u2019s largest shopping mall, and a yacht club nearby. This project ensures a sense of calm and stability through its architecture, quality, and location. Kakha Devadze and his company offer customers security, coziness, harmony, and positive emotions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Next Amani residential complex will embody the same spirit in Kenya. The facility consists of four residences with 193 apartments, a swimming pool, a fitness room, a restaurant, and a garden. At the same time, the park in front of the complex will include a walking path for giraffes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kakha Devadze\u2019s ambitions cannot be contained within Batumi, Dubai, and Nairobi. While working on large-scale projects in Georgia and abroad, the businessman developed the idea of creating new cities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cCities with exemplary construction and architecture built by master developers, this is where we see the future of our company. For this, we need to have an unparalleled reputation, confident investors, as well as satisfied and grateful customers,\u201d Kakha Devadze explains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An excellent example of proper urban development is the Spanish city of Valencia, which won the award for the best European place to live in 2023. This city will soon be added to Next\u2019s portfolio.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-183044\" src=\"https:\/\/forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-145.jpg\" alt=\"\" width=\"1540\" height=\"1080\" srcset=\"https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-145.jpg 1540w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-145-300x210.jpg 300w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-145-1024x718.jpg 1024w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-145-768x539.jpg 768w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-145-1536x1077.jpg 1536w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-145-370x259.jpg 370w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-145-550x385.jpg 550w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-145-110x78.jpg 110w, https:\/\/dev.forbes.ge\/wp-content\/uploads\/2024\/08\/N150-Property-JUL-AUG24-145-216x152.jpg 216w\" sizes=\"(max-width: 1540px) 100vw, 1540px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt was fascinating to learn about urban planning in Valencia and the methods used there to resolve big-city problems,\u201d Kakha Devadze states.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The city made such a strong impression on him that he decided to use Valencia\u2019s example and experience to develop new urban centers in Georgia.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To this end, Next plans to diversify development and build other types of real estate in addition to residential complexes. For example, work has already begun on the construction of a sports school and athlete rehabilitation center in Batumi. The resort of Kvariati will house Next Gardens \u2013 a new project with 5-star hotel infrastructure and olive gardens that will be unique to the region.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cOur goal is to dare say that we can establish small cities,\u201d Kakha Devadze says.<\/span><\/p>\n<p><span style=\"color: #000080;\"><strong>S<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Only six years after its founding, Kakha Devadze\u2019s company Next already has 20 projects in three countries to its name. The 39-year-old businessman\u2019s ambitious goal is not only to erect buildings in cities but to build new cities from scratch. \u201eWe talk to our investors in 11 different languages,\u201c &#8211; Kakha Devadze tells us. With [&hellip;]<\/p>\n","protected":false},"author":675,"featured_media":183049,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1747,1749,1786,1761,1762,1759,1777,1753,1787],"tags":[1785],"class_list":["post-192070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-business-en","category-biznesi-en","category-entrepreneurs","category-executives","category-forbes-people","category-property-en","category-georgia","category-industria-en","tag-top-en","has-thumb"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Who\u2019s NEXT? &#8226; Forbes Georgia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.forbes.ge\/en\/who-s-next\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Who\u2019s NEXT? &#8226; Forbes Georgia\" \/>\n<meta property=\"og:description\" content=\"Only six years after its founding, Kakha Devadze\u2019s company Next already has 20 projects in three countries to its name. 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The 39-year-old businessman\u2019s ambitious goal is not only to erect buildings in cities but to build new cities from scratch. \u201eWe talk to our investors in 11 different languages,\u201c &#8211; Kakha Devadze tells us. 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