Born and raised in Canberra, Nick Georgalis is passionate about the key role Geocon is playing in shaping the future of the national capital.
Georgalis is the driving force behind Geocon and Abode Hotels, leading the executive management team and providing strategic direction for the groups. His focus is firmly on expanding the company’s interests in hotels, commercial acquisitions and development, to create a progressive and vibrant Canberra.
After building a successful career in engineering, project management and leadership in the construction sector, Georgalis recognised the need for a player in the residential housing market that would deliver an exceptional product at an affordable price. Focusing on price, inclusions, sustainability, customer service, execution, amenities and lifestyle has allowed him to more than achieve his ambitious goals.
In 2006, Georgalis launched his own business and in 2007 Geocon was born with just six employees and a turnover of $5 million in its first year. Since then, the company has grown to more than 250 staff, has an annual turnover of $250–300 million and engages up to 2000 workers at a time, depending on project phases.
Geocon is now one of Canberra’s most successful property developers, but Georgalis is not slowing down. Several innovative new projects are in the pipeline and his business is expanding rapidly with new in-house sales, communications, legal and marketing teams.