Park Lane Developments

is a leading commercial property company which develops and manages prime office and logistics/light-industrial real estate assets.
We are committed to creating value through projects of high architectural quality, elegant functionality and sustainability. Our projects add value for our clients and stakeholders.

Expertise across all phases of the development cycle

Park Lane Developments is part of AG Capital – a leading real estate investment group in Bulgaria. The company is established on the strong foundation of the group’s expertise in commercial real estate development and asset management.

Park Lane Developments has a highly skilled team of professionals with extensive expertise across all phases of the development cycle including acquisition, planning, construction and asset management. Our commitment to excellence is reflected in the design and execution of each of our projects. At Park Lane Developments we deliver some of the most ambitious and innovative developments in the region. We work in close partnership with leading consultants, funders and developers who share our ambition and commitment to deliver grade A market-leading office buildings.

Approach and Fundamentals

Park Lane Developments focuses on commercial assets and acquisitions, develops and directly manages prime office and logistics/light-industrial real estate assets. Our clients are multinational companies and financial institutions who rely on our professionalism, expertise and credibility. At Park Lane Developments we recognize that the real estate industry has a pivotal role in the development of a more sustainable world with responsible use of land and resources and positive effect on livelihoods. The company’s mission is to create value for its shareholders, tenants, partners and the local communities by acting consistently in an ethical and socially responsible manner.

Approach and Fundamentals

Park Lane Developments focuses on commercial assets and acquisitions, developing and directly managing high-quality office and logistics/light-industrial real estate assets. Our clients are multinational companies and financial institutions that trust our professionalism, expertise and credibility. Here at Park Lane Developments we recognize that the real estate industry has a pivotal role in the development of a more sustainable world because of its considerable use of materials and land, but also because the lives of people are centered around buildings.The company’s mission is to create value for its shareholders, tenants, partners and the local communities by acting consistently in an ethical and socially responsible manner.

Services

Built to Suit is an innovative way of leasing commercial property, in which the developer or landlord builds to a tenant’s exact specification. The developer finances the project and is responsible for its design, construction and completion. The developer retains ownership once the building(s) are leased to the tenant.
Benefits for the tenant/occupier are:
  • The tenant occupies a building constructed to his exact specifications;
  • Usually the tenant is a single occupier and enjoys the luxury of a design that suits to his corporate concept and/or management vision;
  • The tenant does not have to invest substantial capital for ownership of real estate and yet he enjoys full occupation of the building;
  • The tenant can benefit from a long-term use of the building designed exclusively for his specific needs – he would not depend on the market fluctuations;
  • Engaging a reliable and experienced developer with excellent track record of servicing first class tenants;
  • Choice of location – the tenant can lead the process rather than choose between locations already predetermined by developers;
  • Benefit from a competitive rental level reflecting the specifications of the building, location, length of contract and guarantees provided.
Development and construction management are also part of our company’s services portfolio. Tailoring our services to the exact needs of our clients allows for a cost effective and focused approach in achieving the specific project goals.
With a highly qualified team of construction managers, document and project administrators, and accounting staff, we provide complete project support from acquisition to occupancy. Our team is engaged throughout the lifecycle of the project. PLD’s approach to construction management focuses on lowering costs, delivering on schedule, improving quality and minimizing claims.

Memberships

PLD is a member of the Association of Commercial Building Owners (ACBO) in Bulgaria, the American Chamber of Commerce (AmCham), the French–Bulgarian Chamber of Commerce (CCI France Bulgarie), the British Bulgarian Business Association (BBBA), Helleic Business Council in Bulgaria (H.B.C.B), Bulgarian Business Leaders Forum (BBLF), Bulgarian Association for people management (BAPM), Council of women in business in Bulgaria and K Executive Circle.
Tanya Kosseva-Boshova, Managing Partner at Park Lane Developments, is a founder and Chairperson of the Association of Commercial Building Owners in Bulgaria, member of the board of directors. She is a certified RICS member and a Chairperson of the Ladies’ Forum in Bulgaria.

History

Park Lane Developments is part of AG Capital, a leading real estate investment group with over EUR 550 million of assets under management. With more than 26 years of experience in the industry, the Group has created long-lasting partnerships with institutional investors, private equity funds and real estate investment firms. The company has established some of the most reputable real estate brands in Bulgaria and Romania and is actively expanding its business operations in the wider CEE region.
AG Capital is focused on three core business lines: (i) investment and asset management, (ii) commercial and residential development, and (iii) advisory services. Our diversified portfolio consists of 10 fully independent companies across all real estate asset classes.

Strategic Partners

At Park Lane Developments we ensure that our emphasis on quality, professionalism and timely delivery is shared by the companies we work with. We believe that our partnerships are fundamental to our success at every stage of the investment and development cycle. We partner with funders, designers, contractors and agents who share our vision, ambition and commitment to deliver high quality sustainable buildings.
We have formed long-lasting strategic partnerships with global industry leaders and provide them with valuable local focus and insights, acting as their regional partners in the implementation of our joint projects.