Following an active 2025 and only two years after launching operations in Poland, BLD takes pride in opening the New Year with two boutique residential projects currently underway in Warsaw.
Ivory, BLD’s first residential building was launched last winter, the company having selected one of the most prestigious places in Warsaw for its boutique project debut – the Saska Kępa district. Recently, BLD Poland announced the launch of its second premium residential investment in Warsaw’s Białołęka district.
Ivaylo Mishev, Director CEE of BLD, talked to Polish media recently on the company’s upcoming flagship buildings in Warsaw and Sofia, and plans for 2026-2027:
“BLD, part of AG Capital, is the first Bulgarian developer to undertake international expansion, establishing a foreign office and committing its own capital at this scale. We are also the only Bulgarian development company actively operating on the Polish market. The decision to expand was more of a strategic one, rather than financial, coming to reflect AG Capital’s vision and ambitions, as well as those of our Group senior management. Our goal is to build a recognisable, real estate platform across the CEE, with a diversified portfolio covering different asset classes, based on an extensive network of relationships and partnerships with leading international players and global capital market institutions”, says Ivaylo Mishev.
Ivory
Ivory has been in construction already over the past year and is scheduled to be completed in Q1 2027. Designed as a boutique residential development in one of the most desirable locations in Warsaw, Saska Kępa on Geneva Street, the project is set to deliver a unique environment that combines the comfort of living in the city centre with the tranquillity and greenery of one of the most beautiful riverside districts in the capital. Just minutes away from the heart of the city centre, and right off the famous dining area with the best restaurants, Ivory is the answer to an excellent balance between nature and the urban lifestyle.
The development will offer 30 premium apartments, ranging from 48 to 102 sqm, designed in 2, 3 and 4-room layouts, with large windows for the best of natural light, coupled by a maximum of functionality and comfort guaranteed in every single detail.
“We are very proud of our first residential project in Poland. Ivory fully reflects BLD’s profile and experience as a developer operating in the mid- and premium segments. This investment will undoubtedly become one of our flagship projects. Distinguished architecture, the aristocratic character of the location, the highest standards, functional apartment layouts, and abundant surrounding greenery – they all come together to define our business card”, adds Ivaylo Mishev.
“Construction works for Ivory, carried out by SPS Construction, our renowned local partner, are running on schedule. The project is financed by mBank, while preferential mortgage terms for buyers are offered by mFinans, an affiliate to the Bank.”
Mirroring its business model in Bulgaria, BLD’s operations in Poland are built on long-term partnerships with leading local contractors, suppliers, and service providers. This approach enables the company to deliver high-quality services, to ensure safety, and offer innovative solutions, along with comprehensive support at every stage of the apartment-purchase process.
The Investment in Głębocka Street
At the end of 2025, BLD Poland also announced its second residential project in Warsaw – the Investment in Głębocka Street, featuring 88 apartments. The location offers an ideal setting, with close proximity to parks, schools, and the Targówek retail centre. Featuring modern architecture, thoughtfully crafted for maximum urban convenience and comfort, the building’s innovative design is harmoniously integrated with tranquil greenery in the surrounding landscape, just like with Ivory.
Ivaylo Mishev also comments that with two projects underway and a permanent office in the centre of Warsaw, BLD is looking towards an active investment phase, focusing on further developing its business in Poland: “We are quite aware of the current challenges and competitiveness in the investment land market. While real estate prices may appear high historically, they remain reasonable when compared to selected EU benchmarks. Demand can no longer be taken for granted, but apartments currently offered for sale in Warsaw should find buyers within a year, indicating the market remains in relatively good condition.”
“Recently, interest rates have declined further, and inflation appears to remain under control, providing additional stability. We operate in a demanding environment, influenced not only by market dynamics but also by geopolitical factors. While we cannot rule out market adjustments, we remain strongly optimistic about the long-term potential and growth prospects of the local real estate market and Poland as a whole. Our strategy is long-term, which makes it central to our approach. Moreover, we are currently working on acquiring several new land projects in Warsaw, which will further strengthen our portfolio”, adds Ivaylo Mishev.
BLD in Bulgaria and in Poland
BLD’s team in Poland comprises seven specialists, each bringing extensive experience in the real estate industry. Company plans currently envisage a further team expansion to 15-20 people, and a rate of construction of 150-200 apartments per year in higher segments, including in other big cities in the country.
In Bulgaria, BLD has been operating for over 15 years already, becoming one of the most recognisable residential development brands in the country, having delivered close to 2,000 apartments. Currently, the company has several projects with 1,200 apartments under construction in the most prestigious districts in Sofia, the largest being Uptown Square – the latest flagship development comprising 3 buildings with 450 luxury apartments.
The foundations of BLD’s success in its domestic market also underpin its international expansion. More than 40% of buyers in the company’s new residential projects are repeat customers, reflecting strong trust and long-term relationships. The standard of execution is continuously raised with each successive development through ongoing research, testing, and the implementation of new materials and technologies, supported by an in-house team of 20 engineers and architects. Over the past years, BLD has also expanded and diversified its product offering, adding in the option of apartments sold with a guaranteed 5% rate of return and pioneering a Built-to-rent platform in the capital city.
For more information and sales opportunities, please contact:
BLD in Bulgaria – https://bld.bg/en/contact
BLD Poland – https://bld.pl/en/kontakt/biura-sprzedazy/
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