AG Capital and Old Mutual Property-backed Lion's Head completed the acquisition of BPD for $76m.

AG Capital and Old Mutual Property-backed Lion's Head, a commercial real estate investment company, completed the acquisition of BPD, a property investment company, for $76m. "Lion's Head will continue the good practices established by the BPD brand, with the acquisition of the platform of 3 logistics parks and a successful team. All three projects have a total built-up area of 75k sqm and are situated in key locations - Sofia, Varna and Ruse. Our plans are to expand the current assets with the construction of an additional 28k sqm in Varna and Ruse", Vladimir Gurdjieft, Lion's Head Head of Logistics and Industrial.