Sopharma Buildings REIT AD is a Bulgaria-based real estate investment trust engaged in the acquisition, development, construction, leasing, and management of commercial, residential, and industrial real estate properties. Founded in 2007 and headquartered in Sofia, Bulgaria, the company operates as a special purpose investment vehicle focused on real estate securitization across the Bulgarian market. The company's core operations and portfolio services include the acquisition of regulated land plots and strategic development sites; construction, renovation, and commissioning of modern residential buildings and mixed-use urban complexes; long-term and short-term leasing of office spaces, retail properties, and logistics facilities; direct sale of completed residential apartments, commercial premises, and parking units; and integrated property and asset management solutions, encompassing tenant relations, facility maintenance, and space optimization. Sopharma Buildings REIT AD caters to individual homebuyers, corporate entities, commercial retail tenants, and institutional investors, maintaining strategic relationships with major corporate entities within the Sopharma group ecosystem. In recent developments, the company has restructured its operational governance and corporate statutory framework to comply with the updated Bulgarian Act on Special Purpose Investment Companies and Securitization Companies. Over the last two years, the trust has actively expanded its real estate development pipeline with new residential and mixed-use building projects in the Sofia metropolitan area, executed capital and liquidity optimization measures to finance active construction phases, optimized portfolio occupancy through extended commercial lease agreements, and divested selected non-strategic land and property assets to reallocate capital into high-yield metropolitan development projects.