ABOUT US – Lion's head

Company

Overview

Lion’s Head Investments is the owner and manager of quality and sustainable income producing commercial properties in Central and Eastern Europe. The company focuses on prime ofﬁces with international blue chip tenants. It is backed by AG Capital and Old Mutual Property.

AG Capital is one of the most inﬂuential groups in real estate investment, development and asset management in Bulgaria. With over 30 years of history the group has built strategic partnerships with international leaders such as Cushman & Wakeﬁeld, Apollo Global Management, EBRD, IFC, Old Mutual, CLS Holdings and Luxury Portfolio International.

Old Mutual Property is part of Old Mutual established in 1845 as South Africa’s ﬁrst life insurance company. Today, Old Mutual has grown into a premium ﬁnancial services group that offers a broad spectrum of ﬁnancial solutions to retail and corporate customers across key market segments in 14 countries, with listings on ﬁve stock exchanges.

Vision

Redefining commercial real estate for a smarter, greener tomorrow

Mission

Empowering success through exceptional, future-ready spaces

Values

WE CARE. About people, about places, about the planet. We build with purpose and responsibility.

WE DREAM BIG. Ambition drives us. We push boundaries and pursue excellence in every project.

WE THINK FRESH. Creativity fuels everything we do – from smart design to sustainable development.

WE WIN TOGETHER. Teamwork makes us stronger. We thrive on collaboration and shared success.

WE GROW. Individually and collectively – we learn, adapt and evolve to stay ahead.

Our Clients

Board of Directors

Sakina Nosarka

Chairman of the Board

Sakina Nosarka

Chairman of the Board

Sakina holds a Business Science Honours Degree in Property Studies
19 years’ experience in the Property Industry
Took over CEO role August 2022, previously holding roles of Head of Retail, Asset Manager and Investment Analyst for Old Mutual Property
Responsible for Old Mutual’s Property investment and business strategy with assets in excess of R24bn
Sakina is also President of the South African Council of Shopping Centres

Christo Iliev

Chief Executive Officer

Christo Iliev

Chief Executive Officer

25 years of experience in real estate, with track record in co-investing with international investors
Founder and executive chairman of AG Capital
Founder of the AIM-listed Bulgarian Land Development, backed by CLS Holdings Plc
PhD, MRICS and Harvard Business School alumnus
Member of YPO, founder and member of the Endeavor Bulgaria Board, and Honorary Consul of the Republic of Mauritius in Bulgaria

Muhammad Paruk

Board Member

Muhammad Paruk

Board Member

Over 15 years’ experience in investment, corporate finance, and private equity

Chief Investment Officer at Old Mutual Property, overseeing assets valued at over R28 billion
Previous leadership roles at Pareto Ltd, Nedbank Private Equity, Royal Bafokeng Holdings, and Absa/Barclays Investment Bank
Extensive board and investment committee experience across real estate, FMCG, industrials, and financial services sectors
CFA Level III candidate
Bachelor of Business Science in Finance and Economics, University of KwaZulu-Natal
Currently pursuing Master’s in Commerce, University of Stellenbosch

Dobrin Staikov

MD Capital Markets

Dobrin Staikov

MD Capital Markets

20 years of experience in private equity and capital markets
12 years as senior investment officer at EBRD in London
Board member of financial services companies
EM structuring/trading at Deutsche Bank London and audit/transaction advisory at PWC Bulgaria and New Zealand
BA in Business Administration and Political Science from the American University in Bulgaria
MBA from INSEAD
ACCA qualified

Brett Thomas Nagle

Board Member

Brett Thomas Nagle

Board Member

Extensive experience in financial strategy, capital markets, and property investment
Co-founder of Panacea Capital
Former Head of Investments at Royal Bafokeng Holdings, managing a multi-billion-dollar portfolio across private equity, listed equities, and infrastructure
Board experience with MAS Real Estate Inc., Karooooo Limited, and Attacq Limited
Career foundations at Deloitte and Rand Merchant Bank, specialising in resource and leveraged finance
CA(SA) and University of Natal graduate with distinction

Our Team

Tanya Kosseva-Boshova

Managing director

Tanya Kosseva-Boshova

Managing director

20 years of experience on the commercial property market in South East Europe.
Founder and Chair-Person of the Association of Commercial Building Owners in Bulgaria, a board member of BBLF.
Managing partner of Park Lane Developments since 2017.
Led the acquisition of Park Lane Office Center by SAP in September 2021.
More than 15 years at various leadership roles in Colliers International, ETC, Landmark.
A graduate of the American University in Bulgaria.
MRICS and Harvard Business School alumnus.

Vladimir Gurdjieff

Group Director Logistics and Industrial Assets

Vladimir Gurdjieff

Group Director Logistics and Industrial Assets

10+ years of management experience in commercial real estate.
5+ years at C and boardroom levels as equity partner.
Leadership positions at CTP Invest Bulgaria, and Cushman & Wakefield | Forton.
Managed 3PL company, run digital media shop, developed real estate web-portal, worked in financial sector for UniCredit and Raiffeisen.
BA in Business/Commerce from University of National and World Economy, Bulgaria
MA in Finance and Financial Management Services

Alina Necula

Country Manager Romania

Alina Necula

Country Manager Romania

More than 19 years of experience in Real Estate, focusing on Asset Management, Commercial Management and Real Estate development;
Actively involved in multiple Office and Logistics projects;
Coordinated strategic business units in Retail and Residential markets;
Prior to joining Lion’s Head, she was part of the Commercial and Asset Management teams of Globalworth and Immofinanz;
EMBA from the Maastricht School of Management;
Bachelor’s degree in Law from the University Nicolae Titulescu

Dimitar Yordanov

Group Chief Financial Officer

Dimitar Yordanov

Group Chief Financial Officer

13 years of extensive experience in financial management and strategic planning
Board Member and Managing Director in recent years
Rich background with successful track record in leading regional teams in finance, controlling, and accounting
Expertise in completing M&As, spin-offs, new ventures, financial services, and large-scale business transformation initiatives
Holds a Bachelor’s degree in Finance from the University of National and World Economy (UNWE)
Chartered Accountant by the Association of Chartered Certified Accountants (ACCA)

Georgi Popchev

Director Operations

Georgi Popchev

Director Operations

13 years of experience in the real estate sector including leasing, property management, advisory & valuation
Previous experience as commercial manager of a leading shopping center in Sofia
Banking experience as Head of valuations department at commercial bank
6 years as senior consultant in tenant representation and advisory at Cushman &Wakefield Bulgaria
MA and BA in Business Administration & Strategic Management from Sofia University St. Kliment Ohridski
Certified real-estate appraiser

Stela Zlatkova

Commercial Director

Stela Zlatkova

Commercial Director

More than 10 years of experience in Retail and Real Estate business development
A successful track record of commercial real estate projects and expansion of key retail tenants on the Bulgarian market.
Completed courses in leasing (ICSC, Frankfurt), customer-tailored financial consultancy and macroeconomics at Raiffeisenbank (Bulgaria)
MS in Entrepreneurship and Innovation from Lund University, Sweden, and BS in International Relations from Sofia University “St. Kliment Ohridski”

Konstantin Rusev

Head of Legal

Konstantin Rusev

Head of Legal

More than 20 years of experience in the area of contractual, corporate and commercial law;
More than 12 years of experience in the field of providing comprehensive legal support for several landmark office and retail projects in Bulgaria, including office complex and office buildings with a total GLA exceeding 70,000 square meters, large shopping centers and retail parks;
Provision of various legal services on different projects, such as due diligence, negotiation, and finalization of real estate transactions, drafting and negotiating diverse array of commercial agreements;
Master’s degree in law from the Sofia University; Member of Sofia Bar Association since year 2007.

Alexander Pavlov

Finance Director

Alexander Pavlov

Finance Director

20 years of experience in accounting and finance
16 years in the audit practice of KPMG Bulgaria
Extensive experience in auditing, financial reporting, due diligence, GAAP conversion activities in senior management roles
2+ years experience as Head of the Bulgarian office of Luxembourg Outsourcing Partners and Ferris AMC
MA in Economics from University of National and World Economics, Sofia
BA in Business Administration from Thames Valley University, London
Fellow member of ACCA (FCCA)

Ludmila Savova

Director Strategic Business Development

Ludmila Savova

Director Strategic Business Development

20 years of experience in investments, strategy and business development with international companies in UK.
8 years at EBRD in London as an Adviser to the Board of Directors and Manager in Official Co-financing.
BA in Economics from the Helsinki University
MA in International Economic Relations from the University of National and World Economy, Sofia, Bulgaria
Research Fellow at the Marketing Department of the European Institute of Business Administration (INSEAD) in Fontainebleau, France.

Albena Lyubomirova

Regional Manager Logistics

Albena Lyubomirova

Regional Manager Logistics

Nikolay Nachev

Technical Manager

Nikolay Nachev

Technical Manager

Rumen Zhekov

Technical Manager

Rumen Zhekov

Technical Manager

• More than 10 years of experience in technical facility management. Organization and control of engineering activities for maintenance, repair and construction of installations and investment building reconstructions. Management, organization and optimization in energy efficiency of building systems ensuring safe, sustainable and cost-effective operations.
• More than 20 years of experience in engineering field.
• Dipl. Eng. Master degree of “Heat and mass transfer technology and technologies” – Tech. University – Varna.