Lion's Head

What Lion's Head does

Lion's Head is a Bucharest-headquartered commercial real estate investment and asset management platform operating in the Central and Eastern European (CEE) region, with offices in Sofia, Bulgaria and Bucharest, Romania. The company owns and manages Class A office buildings and logistics parks, serving international blue-chip tenants across technology, professional services, life sciences, logistics, pharmaceuticals, and BPO/shared services. Its portfolio comprises three flagship offices — Oregon Park (70,000 sqm, Bucharest, BREEAM Excellent), Megapark (48,000 sqm, Sofia) and Polygraphia Office Center (35,000 sqm, Sofia, LEED Gold/WELL) — and seven logistics parks across Bulgaria and Romania totalling over 100,000 sqm of gross leasable area, including the BPD portfolio (Sofia, Varna, Ruse) acquired in 2024 and the Popești-Leordeni development that broke ground in November 2025. Anchor tenant base spans Oracle, Deloitte, EY, Thermo Fisher, Bosch, Groupama, DHL, DB Schenker, Carlsberg, Phoenix Pharma, Speedy, Sopharma, Wurth and Infosys.

The platform is backed by a joint venture between AG Capital (a regional real estate group led by founder/CEO Christo Iliev) and Old Mutual Property (part of Johannesburg-listed Old Mutual Limited), with €440M+ in managed assets. In February 2024 it secured a €150M investment from the IFC (World Bank Group) through a convertible instrument and sustainability-linked syndicated loan, followed by the €71.4M BPD acquisition that made it Bulgaria's second-largest industrial property owner. Underlying technology centres on Building Management Systems (BMS) for energy-efficient monitoring of power, heating and cooling based on occupancy, integrated across the portfolio alongside EV charging, rooftop photovoltaics, and an Environmental & Social Management System (ESMS) plus a Construction ESMP (C-ESMP) — the first such framework in the region. All office assets carry BREEAM/LEED/WELL certifications, and new logistics developments target IFC EDGE Advanced.

Lion's Head generates revenue primarily through multi-year commercial leases of office and logistics space, with rents negotiated individually based on location, tenant credit, lease term and configuration. Class A offices in Sofia command rents around €13–14/sqm/month, logistics units are let in flexible 1,000–40,000 sqm configurations, and green-certified buildings attract sustainability premiums. The go-to-market relies on direct enterprise leasing via in-country property management subsidiaries (Lion's Head PMRO SRL in Romania), international real estate consultants (notably Cushman & Wakefield Forton), and relationship-driven targeting of multinational occupiers; complementary products include the MyFlex coworking space within Megapark. Distribution is exclusively regional (Bulgaria and Romania), with no global footprint claims and no digital self-serve channel.

Name

Lion's Head

Legal name

LION'S HEAD INVESTMENTS AD

Website

https://lhinv.eu

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Lion's Head is a CEE commercial real estate investment and asset management platform that owns and operates Class A office buildings and logistics parks in Bulgaria and Romania, leasing to international blue-chip tenants across technology, professional services, logistics, life sciences, and BPO.

Ownership category

akta.pro rank

Headquarters

HQ city

Bucharest

HQ country

Romania

HQ region

Europe

Offices2 records

Markets served

Revenue model

1. Commercial Property Leasing: Lion's Head generates revenue primarily through leasing office and logistics properties to international tenants. The company owns and operates Class A office buildings in prime locations (Polygraphia Office Center, Megapark in Sofia; Oregon Park in Bucharest) and logistics parks (Varna, Sofia, Ruse in Bulgaria; Popești-Leordeni in Romania). Revenue includes rent from office spaces, warehouse spaces, commercial areas, and associated service charges.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Lion's Head is a real estate investment and asset management platform that acquires, develops, and manages Class A office buildings and logistics parks in Bulgaria and Romania. The company leases these prime commercial properties to international blue-chip tenants, operating a portfolio of over 235,000 sqm across office and logistics assets valued at over €440 million. Revenue is generated primarily through long-term rental agreements with multinational corporations across technology, professional services, logistics, and pharmaceutical sectors.

Product overview

Lion's Head is a real estate investment and asset management platform focused on prime office and logistics properties with international blue chip tenants in the CEE region. The platform operates through three main product categories: (1) Class A Office Properties including Oregon Park (Bucharest), Megapark (Sofia), and Polygraphia Office Center (Sofia); (2) Logistics Parks including Lion's Head Logistics Park Popești-Leordeni (Romania), Varna, Sofia, and Ruse (Bulgaria) with over 100,000 sqm of owned and managed GLA; and (3) MyFlex coworking space. The company is backed by AG Capital and Old Mutual Property with a portfolio valued at over €440 million.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Over 95% occupancy achieved across office portfolio as of end-2023
• +2 more outcomes

Named customers15 records

Segments3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered supporting and core.

• Cushman & Wakefield EchinoxsupportingImplementation/ SI/ Consulting Partner · 5 February 2025Real estate consulting company assisted the land acquisition process for Lion's Head's entry into Romanian logistics market with 155,000 sqm site acquisition.
• Peli PartnerssupportingImplementation/ SI/ Consulting Partner · 5 February 2025Romanian law firm provided legal services to close the Popești-Leordeni land acquisition deal for Lion's Head's first Romanian logistics development.
• Wolf Theiss BulgariasupportingImplementation/ SI/ Consulting Partner · 24 April 2024Wolf Theiss Bulgaria served as legal advisor for the BPD acquisition transaction, providing legal counsel for the major industrial properties deal.
• AG CapitalcoreStrategic or Co-development PartnerAG Capital is a leading regional real estate group controlling Lion's Head together with Old Mutual Property. Founder Christo Iliev serves as CEO of Lion's Head. AGC has commercial and residential real estate platforms with presence in Romania, Bulgaria and Poland.
• Old Mutual PropertycoreStrategic or Co-development PartnerOld Mutual Property is part of Old Mutual Limited, a major South African financial conglomerate publicly listed on Johannesburg Stock Exchange. Part owner of Lion's Head since 2018, providing international institutional investment backing and property expertise.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• CTP: CTP is one of the largest industrial/logistics developers in CEE, operating across Romania, Bulgaria, Czech Republic, Hungary, and beyond with a multi-million sqm portfolio. Directly comparable to Lion's Head's logistics ambitions in Romania and Bulgaria and a key competitor for institutional-grade tenants and capital partners.
• Globalworth: Globalworth is a leading CEE office investor and operator headquartered in Bucharest with major presence in Romania and Poland. Directly comparable to Lion's Head's office portfolio, with overlapping tenant base (multinationals) and competing for the same institutional investment capital. Lion's Head's Country Manager Romania previously worked at Globalworth.
• Immofinanz: Immofinanz is a Vienna-listed commercial real estate company with significant CEE office and retail exposure in Romania, Austria, Czech Republic, and other markets. Comparable as a direct CEE office competitor; Lion's Head's Country Manager Romania previously worked in Immofinanz's commercial and asset management teams.
• Portland Trust: Portland Trust was the original developer of Oregon Park (acquired by Lion's Head in 2018) and operates across Romania, Bulgaria, and Poland as a Class A office specialist. Highly comparable in product type, geography, and tenant focus; the Oregon Park transaction makes it a direct predecessor and competitor for similar trophy office assets.
• Speedwell Development: Speedwell is a Romanian real estate developer active in office, residential, and mixed-use projects across major Romanian cities. Comparable as a regional Class A office and commercial developer competing for institutional capital and blue-chip tenants, though with broader sector exposure than Lion's Head.
• GTC: GTC is a Warsaw-listed real estate developer and investor focused on office and retail properties across CEE including Romania, Poland, Hungary, Serbia, and Bulgaria. Directly comparable to Lion's Head's office portfolio strategy and CEE geographic footprint, with similar institutional investor base and tenant profile.

Regional players

• P3 Logistic Parks: P3 Logistic Parks is a pan-European logistics real estate developer and operator with assets across Western and Central Europe. Comparable to Lion's Head's emerging logistics platform in product type and tenant targeting, though P3 has historically operated in Western/Central Europe rather than Bulgaria and Romania specifically.
• WDP: WDP (Warehouses De Pauw) is a Belgian-listed European logistics and semi-industrial real estate specialist with a multi-country portfolio. Comparable in logistics product type and ESG focus, but primarily active in Benelux, France, Germany, and Romania with a much larger scale than Lion's Head.
• VGP: VGP is a Belgian-listed European developer and operator of high-quality logistics and semi-industrial real estate, with growing CEE presence including in Romania. Comparable to Lion's Head's logistics ambitions in product type and ESG-led development approach, but with materially larger scale and broader geographic reach.

Emerging players

• NEPI Rockcastle: NEPI Rockcastle is one of the largest CEE real estate investment platforms focused primarily on retail shopping centers, with growing office and residential exposure in Romania, Poland, and other CEE markets. Comparable as a major CEE institutional real estate platform competing for capital and tenants, though its retail focus differs from Lion's Head's office/logistics mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lionshead

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lion's Head