- CEO
- Rumen Goranov Tsonkov
- Full Time Employees
- 23
- Sector
- Finance
- Industry
- Real estate development
- Address
- Sofia Bulgaria
- IPO Date
- Apr 7, 2010
- Business
- Velgraf Asset Management AD is a Bulgaria-based real estate investment, asset management, and property development company headquartered in Sofia, Bulgaria. Founded in 2010 through the merger of four real estate operating companies, the firm specializes in the acquisition, development, management, and commercial exploitation of diverse property assets. The company operates through systematic business segments and offers comprehensive real estate solutions, including: acquisition and development of commercial, administrative, industrial, and residential real estate; property design, construction, reconstruction, and interior furnishing; property leasing, rental management, and tenant administration; comprehensive property management, technical maintenance, and facility operations; property sales and asset divestiture; strategic investment management and capital allocation across real estate investment trusts, corporate shares, and financial instruments; and commercial representation, transaction intermediation, and corporate real estate advisory services. The company primarily focuses its operations in Bulgaria, maintaining significant properties and commercial holdings across Sofia, Plovdiv, Varna, and Shumen, while managing regional investments through subsidiaries in Serbia and North Macedonia. In recent strategic and operational developments, Velgraf Asset Management AD secured regulatory approval from the Bulgarian Financial Supervision Commission for an eight-year, 5 million euro corporate bond issue carrying a floating coupon linked to six-month EURIBOR, dedicated to financing the development of logistics infrastructure, land acquisitions, and operational expansion. Additionally, the company continues to execute active portfolio rebalancing and capital optimization across its Southeastern European real estate holdings, sustaining stable credit rating evaluations for its debt instruments while trading publicly on the Bulgarian Stock Exchange under the ticker symbol VAM.