About Us

A Unique Real Estate Development

Smart Development Group is a privately owned property investment and development company specialising in Sofia and other major cities in Bulgaria.

Our strategy

We invest in and develop high quality real estate which best serves the needs of our occupiers and maximises value. We are committed to the selective development of innovative, high-quality properties that create long-term economic and civic value.

We create buildings for today’s occupiers who demand more inspiring space with distinctive architectural detail, carefully curated public realm, market leading amenities, high quality management and our flexible approach to leasing.

Business model

  • Seeking for attractive transactions: purchasing below market & below replacement costs
  • We are sourcing properties with upside potential and potential to reduce the cost per sqm significantly through operational improvements
  • Maintaining a healthy capital structure with a strong financial profile
  • Maintaining a close long-term relationship with our tenants and proactively improving our competitiveness and the service we provide

Investment target

  • To acquire, develop, manage and lease properties that have superb potential for cash-flow growth and capital appreciation
  • To maximise value through aggressive management of assets and monitoring all areas of risk on an ongoing basis
  • Significant value increase due to optimising longterm rental income & increase of portfolio capacity

We focus on

  • Land Banking – key focus on locking in highly potential locations, suitable for new developments, in all property sectors
  • Prime location, class A office, quality retail and hospitality project in Sofia and in other major Bulgarian cities
  • Mid and high-end residential developments in Sofia