Phoenix Capital Holding AD (Bulgaria)

Phoenix Capital Holding AD is a company located in Sofia, Bulgaria. The company's main activities include acquiring real estate properties, managing them (including renting and carrying out construction activities and improvements), and subsequently selling the properties to generate profits. The company focuses on various types of properties, including residential properties in major cities, ski resorts, and seaside resorts in Bulgaria. They also target office buildings in the largest cities, particularly in Sofia. Additionally, the company occasionally utilizes vacation properties and hotels as part of its investment strategy. The company's strategy for the current and upcoming year involves gradually raising capital to invest in "problematic" real estate properties. The management plans to execute necessary investments and capital expenditures, change the purpose of buildings if needed, improve asset management, enhance sales, optimize working capital, implement new and more efficient control and reporting systems, improve the management team, optimize the financial structure, and reduce expenses.