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SOHOCAPITAL GROUP

Confidential · August 2026

What Soho Capital Group is

One group, four businesses

Soho is a consolidation, not a start-up. Two of the four arrive with clients, teams and revenue already in place; the holding above them is what is being created.

01 — Development
Soho Development lockup

Originate · Underwrite · Design & permit · Lease-up

Soho Development

Engine A · inside

Originates, underwrites, permits and develops the Group’s assets across residential, mixed-use, commercial, hospitality and logistics.

Engine B · outside

Development manager for landowners and institutions that hold the land but not the capability.

Development management

02 — Construction
Soho Construction lockup

Build · Deliver

Soho Construction

Engine A · inside

Construction and design management, general contracting, owner’s engineer and technical supervision for the Group’s own assets, delivered to FIDIC standards.

Engine B · outside

The NK Consulting practice — contracting, owner’s engineer and technical supervision for third-party clients across residential, hospitality, retail, corporate, healthcare and infrastructure projects.

NK Consulting

Soho Construction · selected completed work

Sixty projects. Six asset classes. One team.

Residential, hospitality, retail, corporate, healthcare and infrastructure. The record belongs to the team now inside Soho Construction, including work delivered before the Group was assembled.

60+

Projects delivered by the team

500,000 m²

Built area delivered by the team

6

Asset classes covered

The introduction distinguishes projects delivered under company contract from projects delivered in management and supervisory roles. The labels below preserve that distinction; this is not a claim that Soho Capital Group itself contracted every project.

Mayakovsky Residence

Residential

Mayakovsky Residence

Tbilisi

Company contract

Paragraph Freedom Square

Hospitality

Paragraph Freedom Square

Tbilisi

Management and supervision

City Mall Saburtalo

Retail

City Mall Saburtalo

Tbilisi

Management and supervision

Kvesheti–Kobi Tunnel

Infrastructure

Kvesheti–Kobi Tunnel

Georgia

Management and supervision

M3 Saburtalo

Residential district

M3 Saburtalo

Tbilisi

Management and supervision

Laguna Vere

Multifunctional

Laguna Vere

Tbilisi

Management and supervision

Basisbank Head Office

Corporate

Basisbank Head Office

Tbilisi

Company contract

ICS Georgia / FedEx

Logistics warehouse

ICS Georgia / FedEx

Georgia

Management and supervision

Further work in the team’s record

Residential

Kutaisi (company contract) · m² Mirtskhulava 6 · Archi Tamarashvili 13 · Kiketi · Homer Alpha · Green City Lisi · m² Hippodrome · m² Chavchavadze 50

Hospitality

Rooms Hotel Tbilisi · Bazzar Boutique · Holiday Inn · InterContinental · Kempinski · Gudauri Lodge · Château Mukhrani · IBIS Airport

Commercial, healthcare and infrastructure

Tbilisi Mall · McDonald’s Isani · Imedi L · Aldagi · Mziuri (company contract) · Georgian Clinics · Oncology Center · Museum of Fine Arts · European School

Kutaisi and Mziuri are marked as company-contract work in the introduction. Other projects in this list are attributed to management and supervisory roles.

Clients served by the team

FedEx · Basisbank · Evex · Vian · Gepha · Aldagi · Imedi L · Greenway · Quantori · m² Real Estate

Source: Soho Capital Group Introduction, August 2026, pages 11 and 18.

03 — Capital
Soho Capital lockup

Structure capital · Exit

Soho Capital

Engine A · inside

Structures and raises the capital behind the Group’s assets.

Engine B · outside

The Golden Gate practice — fundraising, structuring and investment advisory for sovereign funds and family offices.

Golden Gate Investment Advisory

04 — Asset Management
Soho Asset Management lockup

Lease-up · Operate & exit

Soho Asset Management

Engine A · inside

Operates, leases and manages completed assets to protect income and long-term value.

Engine B · outside

Professional management for third-party landlords, priced against assets under management.

Third-party asset management

Asset classes are not separate businesses — commercial, hospitality and logistics assets are built by Development with Construction, then operated by Asset Management.

How it operates · 1 of 2

A Group project, end to end

Five of the seven stages are performed by wholly-owned businesses. The fees a conventional developer pays away stay inside the Group — that is the whole economic case for integration.

Originate
Underwrite
Structure capital
Design & permit
Build
Lease-up
Operate & exit
Development
Leads
Leads
supports
Leads
supports
Leads
supports
Construction
supports
supports
Leads
supports
Capital
supports
Leads
supports
supports
Leads
Asset Management
supports
Leads
Leads
Where the
Group earns
land value-add
arrangement fee
construction margin
development profit
rent, fees & exit gain

Leadsholds the pen and the risk at that stage

supportscontributes capability, does not own the stage

How it operates · 2 of 2

A client mandate, and why it comes back

The capital-light half of the business. No Group capital is committed, revenue starts at signature and recurs — and this flow already runs today inside NK Consulting and Golden Gate. Exposure is professional and contractually limited, never financial.

01

Origination

An inbound request from the existing client base.

02

Scoping

Standard scope, priced to market, conflict-screened.

03

Mandate

Development, construction, fundraising or management.

mobilisation fee
04

Delivery

The same team, the same standard as a Group asset.

management fees
05

Completion

Handover, closed raise or stabilised asset.

success fee
06

Continuation

The client retains Soho, or brings the next asset.

recurring fees

A satisfied client is the cheapest source of the next mandate — and often becomes a co-investor.

The fee book scales with assets under management rather than with development volume. That is what makes Engine B capital-light and steadier than the development cycle it sits beside — and it is running today.

Georgia today. Regional growth ahead.

Current market & growth