Lulin
Lulin is one of Sofia's largest residential districts. VIG acquired undervalued land below market and executed urban replanning to unlock higher building parameters. This project epitomizes VIG's proven land development playbook: acquire → replan → exit at visa/dev-ready stage. With 161% ROE and 50% annualized ROI, Lulin delivered the strongest realized returns in the portfolio, validating the model for future land plays.
50%
Annual ROI
Total Area
12,000 m²
Equity Invested
€765K
Realized Profit
€1.24M
Return on Equity
161%
Project Duration
3.3 Years
Project Lifecycle Progress
100%
Land Acquisition
Completed
Urban Replanning
Completed
Approval
Completed
Sale
Completed
Exit
Completed
Lulin is one of Sofia's largest residential districts. VIG acquired undervalued land below market and executed urban replanning to unlock higher building parameters. This project epitomizes VIG's proven land development playbook: acquire → replan → exit at visa/dev-ready stage. With 161% ROE and 50% annualized ROI, Lulin delivered the strongest realized returns in the portfolio, validating the model for future land plays.
Returns Waterfall
€765K
Equity Invested
€2.0M
Total Revenue
€1.24M
Realized Profit
161%
Return on Equity
50%
Annual ROI
Key Facts
- Project TypeLand Development
- LocationLulin, Sofia, Bulgaria
- Total Building Area12,000 m²
- Financing100% Self-Financed
- TimelineApr 2022 → Aug 2025
- Status100% Complete
Apr 2022
Land acquisition completed
2022–23
Urban replanning process
2024
Planning approval received
2025
Land sale executed
Aug 2025
Full exit — project closed
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Book a Strategy CallPast 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.