City Gate
City Gate is a mixed-use development project in a strategically positioned area of Sofia. VIG acquired multiple fragmented land plots and consolidated them through Bulgaria's urban planning process (PUP), creating a unified development site with significantly upgraded building parameters. The resulting site supports 18,000 m² of total building area — 14,000 m² above ground for residential and commercial use, plus 4,000 m² underground for parking and utility infrastructure. VIG's exit strategy targets the visa (preliminary design approval) stage — selling the fully replanned, developer-ready site to institutional and private developers who benefit from eliminated planning risk and accelerated build timelines.
26–34%
Annual ROI
Total Building Area
18,000 m²
Above Ground
14,000 m²
Underground
4,000 m²
Compensation
1,700 m²
Gross Profit
€1.9–2.5M
Project Lifecycle Progress
80%
Land Acquisition
Completed
Cadastral Survey
Completed
PUP Approval
Completed
Visa & Sale
In Progress
Exit & Close
Q3 2026
City Gate is a mixed-use development project in a strategically positioned area of Sofia. VIG acquired multiple fragmented land plots and consolidated them through Bulgaria's urban planning process (PUP), creating a unified development site with significantly upgraded building parameters. The resulting site supports 18,000 m² of total building area — 14,000 m² above ground for residential and commercial use, plus 4,000 m² underground for parking and utility infrastructure. VIG's exit strategy targets the visa (preliminary design approval) stage — selling the fully replanned, developer-ready site to institutional and private developers who benefit from eliminated planning risk and accelerated build timelines.
Returns Waterfall
€2.1M
Total Investment
€4.0–4.6M
Total Revenue (Range)
€1.9–2.5M
Gross Profit
90–119%
Return on Equity
26–34%
Annual ROI
Key Facts
- Project TypeMixed Usage Building
- LocationSofia, Bulgaria
- Total Building Area18,000 m²
- Financing100% Self-Financed
- Timeline2023 → Aug 2026
- Status80% Complete
2023
Project initiation — Land acquisition
2023–24
Plot consolidation — Cadastral survey
2024
PUP approval — UPI reorganization
2025–26
Visa-stage sales — Developer handoff
Aug 2026
Final exit — Project close
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Past performance does not guarantee future results. All investments carry risk including potential loss of capital. Figures shown reflect management estimates based on internal project accounting and may include projected values for ongoing projects. VIG does not guarantee any specific rate of return. This page does not constitute investment advice or an offer to invest.