About Us



Lion’s Head Investments is the owner and manager of quality and sustainable income producing commercial properties in Central and Eastern Europe. The company focuses on prime offices with international blue chip tenants. It is backed by Old Mutual Group, a major South African financial institution, and AG Capital, a leading group of real estate companies in the region.

Old Mutual Property forms part of the Old Mutual Limited Group, which is a premium African financial services company that offers a broad spectrum of financial solutions to over 12 million retail and corporate customers in 34 countries. Their primary operations are in South Africa and the rest of Africa, and have niche businesses in Latin America and Asia, with 170 years of heritage.

AG Capital is currently one of the most influential investors in real estate development and asset management in Bulgaria, having displayed over 25 years of visionary thinking and success, and having established strategic partnerships with international leaders such as Cushman & Wakefield, Apollo Global, CLS Holdings, Luxury Portfolio International, Northridge Capital and Axxess Capital, as well as the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC).


We in Lions Head strive to set the highest standard in commercial property investment and development in Central and Eastern Europe, to become trustworthy leaders in our field of expertise, and to advance new projects which will add value and continue to stabilize financial performance in the Balkan region.

Our clients

Board and Executive Management Team

Peter Levett


Peter Levett

  • 30 years of experience in investments in South Africa and globally
  • 21 years at Old Mutual – Director of the property business since 2000 and MD since 2011
  • Responsible for Old Mutual’s investment and business strategy with assets in excess of R 20bn
  • Prior to joining Old Mutual, 5 years at Goldman Sachs investment banking in London
  • Qualified as a Chartered Accountant
  • MBA and Master of Commerce

Christo Iliev

Chief Executive Officer

Christo Iliev

  • 25 years of experience in real estate, with track record in co-investing with international investors
  • Founder and executive chairman of AG Capital
  • Founder of the AIM-listed Bulgarian Land Development, backed by CLS Holdings Plc
  • PhD, MRICS and Harvard Business School alumnus
  • Member of YPO, founder and member of the Endeavor Bulgaria Board, and Honorary Consul of the Republic of Mauritius in Bulgaria

Dobrin Staikov

Director, Finance and Capital Markets

Dobrin Staikov

  • 20 years of experience in private equity and capital markets
  • 12 years as senior investment officer at EBRD in London
  • Board member of financial services companies
  • EM structuring/trading at Deutsche Bank London and audit/transaction advisory at PWC Bulgaria and New Zealand
  • BA in Business Administration and Political Science from the American University in Bulgaria
  • MBA from INSEAD
  • ACCA qualified

Sergey Koynov

Director, Investments and Asset Management

Sergey Koynov

  • 20 years of experience in real estate and regional management
  • 10 years at AG Capital as Group CEO, head of commercial developments and MD of C&W Forton
  • Regional manager at IBM and founder of a regional energy-efficiency consulting business
  • BA in Business Administration and Applied Economics from the American University in Bulgaria
  • MBA in Financial Management from City University, Seattle

Lori Collin

Director, Romania

Lori Collin

  • 25 years of experience in real estate, specializing in office acquisitions and leasing
  • USA commercial and residential real estate expertise
  • Director at JLL Romania
  • 4 years at NEPI as head of the office business
  • Business Management degree from the Weatherhead School of Management, Case Western Reserve, Cleveland, Ohio
  • BA from Hondros College
  • Real Estate license under CABOR

Hein Smit

Board Member

Hein Smit

  • 40 years of experience in real estate, including valuations, investments, property development and management
  • Former CEO of Oryx Properties, a joint stock company listed on the Namibian Stock Exchange
  • Until recently, Chief Investment Officer at Old Mutual Property
  • Director and advisor to Lion’s Head Investments and Old Mutual Property


The CEEQA awards

Best overall Building in SEE 2018

Oregon Park

SEE Real Estate Awards

The best Office project in Bulgaria 2018

Polygraphia Office Center

B2B Media awards

Most innovative building of 2018

Polygraphia Office Center

Bulgaria Outsourcing Association

Technology Business Building of the year 2018

Polygraphia Office Center

VIP Property Awards

Business Building of the year 2011

Mega Park