History kipo 6 February 2020


AG Capital’s corporate timeline celebrates 3 decades of growth, innovation, trusted relationships and cutting-edge professionalism in real estate.


  • In 1993 Christo Iliev, a young entrepreneur and second-year student at the time, started a residential brokerage company - Address Real Estate. The first office was opened in the Black Sea city of Varna.


  • The company began to expand its operations, reaching a top 3 ranking in real estate brokerage by the year 2000 with offices in Sofia and all Bulgarian major cities.


  • By the end of the first decade of its existence, the company had begun to create subsidiaries specialising in the residential, commercial and hospitality market segments and led innovation in Bulgaria, launching a franchise platform for partners, a licensing training academy and the first ever CRM system for real estate in the country.


  • In the yearly years of the millennium Address Real Estate operated a network of 25 offices in Bulgaria. International offices were opened in London, Moscow, Belgrade and Skopje.


  • Establishment of new specialised portfolio companies and prominent international partnerships.


  • In 2009 BLD acquired the Polygraphia historic landmark in Sofia which was fully renovated by 2012 into an iconic office complex.


  • The company won the Superbrands Award twice and received the prestigious Bentley Award for Best Real Estate Investment Company. Credit Center received a Platinum Partner in Mortgage Loans Award from Eurobank Postbank.


  • Imoteka (2015) was established as a new digital approach to real estate brokerage with the aim of offering customised solutions.


  • AG Capital commenced a partnership with Apollo Capital Management and IFC (World Bank Group) to co-invest in secured corporate NPL portfolios and distressed assets in Bulgaria.


  • Lion’s Head was founded in 2017 in partnership with Old Mutual Property to invest and manage core and core plus office buildings in the CEE region.
  • 2017 marked also the establishment of Park Lane Developments, specialised both in development and management of prime office commercial properties.


  • Atland Investments was created in 2018 as a boutique special situations investment company acquiring distressed real estate and secured NPLs.


  • 3P1 (2020) was founded to focus on PropTech and further invest in property innovation and technology projects.
  • In 2020 all AG Capital’s real estate advisory and brokerage operations were united in a new business structure under the Realto Group brand name with the largest network of 700 consultants throughout the country.


  • Park Lane Developments completed the exclusive Park Lane Office Center in June 2021, sold three months later to SAP, a worldwide leader in enterprise software.