VIG Strategy

One System. Four Stages.
Zero Improvisation.

Capital-protected real estate — designed, built, managed, and exited under one platform.

200+Reviewed
47Shortlisted
9Committed
3Exited

Less than 5% of reviewed opportunities receive capital.

The Filter

Precision Before Capital.

01

Demand Trajectory

Capital flows before the market prices it in.

02

Product-Market Fit

Calibrated to absorption data — not surveys.

03

Downside Integrity

Must hold under stress — not just base case.

04

Exit Architecture

Return path defined before capital enters.

We kill more deals than we take. That's the point.

Discipline in Action

Project Alpha — The Deal We Took

Residential · Sofia suburban · 85 units

Demand: Emerging corridor, rising absorption, limited supply.

Fit: 85 apartments + parking calibrated to local buyer profiles.

Downside: Conservative cost basis held under stress with 20% equity cushion.

Exit: 48-month cycle with defined milestones to Act 16.

68%

Annual ROI

96%

Return on Equity

All four criteria cleared.

Project Beta — The Deal We Killed

Mixed-use renovation · Sofia central · 55 units + retail

Downside: Unknown renovation costs, no budget containment guarantee.

Fit: Mixed-use complexity diluted buyer profile, slowed sales velocity.

Exit: 18-month timeline too aggressive for scope, cost overruns likely.

Demand: Strong district, but renovation risks outweighed location premium.

Rejected

~€7.9M · 72-hour evaluation

Three of four criteria flagged.

The System

Vertically Integrated. Fully Owned.

01

Source

VISTATE

Land acquisition & deal origination

02

Build

VIDESIGN + VIBRIX

Design, permits & construction

03

Manage

VIGROW + VIG

Capital structuring & reporting

04

Exit

VIG

Sales execution & capital return

No third-party handoffs. One system controls the entire lifecycle — from land to liquidity.

The Shield

Built to Hold. In Every Condition.

01

Permanent Liquidity Floor

Structural minimum — not a buffer to draw down.

02

No Single-Source Dependency

Diversified across sources, structures, and counterparties.

03

Stress-Tested Commitment

If it only works under base case, it doesn’t proceed.

04

Milestone-Controlled Capital

Released on evidence — not timelines, not trust.

05

Contractual Transparency

Undisclosed variance is not permitted.

Fortress Balance Sheet — not a phrase. An operating standard.

The Platform

9 Domains. One Operating System.

Oleg Klein

CEO

Ventsislav Krastev

COO

Ivan Zapryanov

Chief of Construction

Gergana Daskalova

Chief Legal Officer

Simeon Georgiev

Head of Research

Irina Stoyanova

Director, Business Dev

Aneta Manova

Director, Investment Dev

Vaklina Dobrinova

Head of Design

Natalia Stoyanova

Head of Finance

Not a management team. A platform with a human operating system.

The Origin

Started With a Question. Still Asking.

What if nobody in Bulgarian real estate is actually solving the real problem?

We saw fragmented services, misaligned incentives, and zero vertical integration. So we built the alternative.

What if we killed bad deals faster than anyone else?

Discipline became the product. The filter is what protects capital — not optimism.

What if we hired for how people think — not what they've done?

Nine domains. Each leader chosen for judgment, not just credentials.

What if we never stopped rebuilding ourselves?

Every quarter, the system tightens. Every exit teaches. The standard only moves up.

Founding Moments

2021

The question that started it — why is no one integrating the full chain?

2021

First brick, first bet. Ground-up development with own capital.

2023

Capital returned. Promise kept. First full-cycle exit delivered.

2023

The platform takes shape — VIDESIGN, VIBRIX, VISTATE operational.

2024

Structure for scale. Four Flows. One system.

You don't trust a projection.
You trust a system.