Ivan Bakalov has over 15 years of experience in construction project management, real estate development, and technical due diligence. He has worked on projects in Bulgaria, Spain, France, and Albania with budgets up to €7.6 million. Currently he is the Regional Expansion Manager for Penny Market Bulgaria, identifying new locations, performing legal and technical due diligence, and managing the acquisition process. Previous roles include Construction Manager for Proes Management and Senior Asset Manager for Carrefour Bulgaria, where he oversaw the development of numerous hypermarkets and shopping centers.

1. CURRICULUM VITAE
PERSONAL INFORMATION
Name IVAN GENCHEV BAKALOV
Address NADEZHDA-3 RESIDENTIAL DISTRICT, BUILDING 318, ENTRANCE 3, CITY OF SOFIA,
REPUBLIC OF BULGARIA
Telephone Personal cell phone: +359 88 7240324
Fax
PERSONAL E-mail Personal e-mail: ivbakalov74@gmail.com
Nationality Bulgarian
Date of birth 23RD
FEBRUARY 1974
• Acquisition Regulated Plot 5 340 sq.m., “Lylin 2”, Sofia
• Dates JUNE 2014 – PRESENT
• Employer’s name and
address
“PENNY MARKET BULGARIA” EOOD
2134 STOLNIK, MUNICIPALITY OF ELIN PELIN
Type of activity or field of
work•
• Project Identification, Technical Due-Diligence, Legal Due-Diligence coordination, Documents collection, Negotiations
Contract management, Planning, Design Analysis
• Position REGIONAL EXPANSION MANAGER
• Main activity and duties
in accordance with the
labor contract
• Location Identification: Map preparation with investigation of existing road connection situation, competition and
population. Further location investigation in term of migration movements, economical and public investment processes;
• Legal Due-Diligence preparation support: Documents collection – ownership, encumbrances, legal proceedings,
claim application.
• Technical Due-Diligence: Geological and Geodesy evaluation, Analysis and assessment of issued design visa, Town
Regulated Plan and Town Building Plan, Analysis and assessment of legal status of existing building and infrastructural
engineering elements in light of building law.
• Feasibility study: Construction Budget preparation and validation, Administrative and design fee budget preparation,
RoI calculation, cash-flow preparation and follow-up;
• Contracting: Preparation, adaptation and coordination of purchasing pre-contract, lease contract, cession of right of
construction. Technical addendums preparation and coordination. Escrow account contract preparation and coordination.
Notary Dead preparation and signing. Tax legislation and registration.
• Project and subproject • Acquisition Regulated Plot 4 028 sq.m., “Krasno selo”Sofia
- Budget > 1 000 000 Euros, VAT excl.
- Status: Notary Dead issued;
- Legal Due-Diligence: positive;
- Technical Due-Diligence: performed, positive;
- Deal Time duration: 4 months

2. - Deal Time duration: 4 months
• Leasehold , Ground floor premise, “Vuzrajdane”, Sofia
- Deal Time duration: 6 months
- Budget > 1 500 000 Euros, VAT excl.
- Status: Pre-contract signed; Notary Dead appointed;
- Legal Due-Diligence: positive;
- Technical Due-Diligence: performed, positive;
- Budget > 160 000 Euros/year, VAT excl.
- Status: Lease contract negotiating, Technical Addendums agreed;
- Legal Due-Diligence: positive;
- Technical Due-Diligence: performed, positive;
• Dates JULY 2013 – JUNE 2014
• Employer’s name and
address
PROES MANAGEMENT LTD
1000 SOFIA, 8 “TSAR KALOYAN” STR.
Type of activity or field of
work•
I. CONSULTING SECTOR:
• Project Identification, Technical Due-Diligence, Contract management, Planning, Design Analysis, Quantity Surveying,
Cost Optimization, Tender procedure, Construction Pilotage, Procurement management, Development Monitoring, Risk
Assessment, Permitting, Commissioning, Final accounts approval, Relocation management;
II. CONSTRUCTION SECTOR:
ARCHITECTURAL& MEP FIT-OUT WORKS
• Position CONSTRUCTION MANAGER
• Main activity and duties
in accordance with the
labor contract
• Define the released preliminary time schedule of the project, design and workshop drawings, bidding-contract &
quotation preparation, bidding process participation;
• Subcontractors/ work groups technical qualification evaluation , bidding and first run selection,
• Time scheduling and contract management;
• Technical management “on-site”;
• Coordinate relations between designers, architects and technical staff of others sub-contractors;
• Cost monitoring of construction costs, analysis of already made payments and Cost Optimization;
• Final accounts preparation and validation;
• Commissioning certificates and protocols preparation and collection;
• Project and subproject • Consulting Sector:
- Office space optimization of “Head office GFK Bulgaria Market Resurch Ltd.”
- Construction Budget and preliminary Time schedule preparation, project “ Multufunctional Building-Underground
parking, Store and 5 story residential building” for Elisee Mladost Ltd;
- Anti-crisis Management of construction company “Ivesto-M” OOD;
- Business plan for new business activities “FORTON Commercial Property advisers”
- Infrastructural feasibility study, preliminary design analysis, Quantity survey, Budgeting, Risk assessment and
engineering networks pre-approvals scheme, Employer “Prototyp Bulgaria”, project: “Harmless production of
metal elements and nodes for hanged structural facades”.
• Construction Sector:
- Architectural Fit-out works, Employer Cordeel Bulgaria EAD, project “ Factory for digital and mechanical spare
parts for automotive industry”, Client “Witte Automotive” Germany
Budget: 235 000 BGN, VAT excl.
- Architectural and MEP Fit-out works, Employer ”Privet owner”, project “Family house”
Budget: 165 380 BGN, VAT excl.;
- Architectural and MEP Fit-out works, Employer ”Privet owner”, project “Family house”
Budget: 132 000 BGN, VAT excl.;

3. • Dates MARCH 2011 – JULY 2013
• Employer’s name and
address
CMB BULGARIA EAD /FORMER CARRFEOUR BULGARIA AD/
1784 SOFIA, 115K “TSARIGRADSKO SHOSE” BLVD.
Type of activity or field of
work•
Construction and Technical management, Financial and Administrative Management, Procurement,
Design and Property Management
• Position SENIOR ASSETS MANAGER / CONSTRUCTION ENGINEER
• Main activity and duties
in accordance with the
labor contract
I. CONSTRUCTION SECTOR
• Research, collection and analysis of information for real estate opportunities in regards to the company expansion and
investment plan;
• Technical feasibility study and budgeting, Time scheduling and risk assessment;
• Idea design preparation and coordination;
• Working design evaluation and project design optimization;
• Final budget and time schedule settlement;
• Tender procedure preparation and conduction;
• Tender results analysis, negotiations, construction contract management, technical addendums preparation and first kick-
off meeting on site with assigned contractors, suppliers, supervisors and designers. Technical staff assignment;
• Cost control during construction;
• Commissioning docs collection: certification approvals, authorizations, declaration of conformity etc;
• Commissioning;
• Training procedure of the facility managers and operation staff
II.PROCUREMENT & PROPERTY MANAGEMENT
• Annual Budgeting and Master Maintenance Plan/Strategy preparation;
• Prequalification process of Service companies, Tendering and contracting according general time schedule;
• Supervising subcontractors performance and tracking all parameters in the technical annexes to the signed service
contracts;
• Regular reporting to regional operation directors;
• Planning, budgeting and conduction annual renovation program for all operation units of the company;
• Coordination with local mall’s management and other tenants all planned fit-out activities;
• Annual procurement plan for new innovative equipment with their proper installation and staff training in accordance with
commercial strategy of the company;
• Tendering process and installation time schedule;
• Mass bidding for current calendar year for all needed supplies;
• Planning and implementing security, cleaning, maintenance, waste disposal and recycling services in coordination with
Security and Operation Department of the company for all new openings and supervising all active units for company polices
compliance;
- Technical staff / team:
• 2 General project and facility managers, based in Head Office;
• 1 technical assistant, based in Head Office;
• 12 regional technical and facility officers;
• Project and Subprojects ARCHITECTURAL, CIVIL, MEP FIT OUT WORKS
A. Projects, format A CAPEX, Euros
SA,
sq.m.
GLA,
sq.m.
1. CRF Hyper Burgas Plaza € 5 224 835,49 8 000,0 12 611,88
2. CRF Hyper Galeria, Plovdiv € 3 911 260,79 7 574,0 10 797,9
3. CRF Hyper The Mall, Sofia € 7 616 325,55 9 100,0 14 206,00
4. CRF Hyper GrandMall, varna € 4 221 119,32 6 625,0 9 204,70
5. CRF Hyper Mall Ruse € 2 983 520,92 5 650,0 7 916,70
6. CRF Hyper Galeria Burgas € 1 835 876,41 3 154,0 4 612,00
7 CRF Hyper TEG, Tirana € 4 154 518,12 7 200,0 9 265,00
8. CRF Hyper CityMall, Stara Zagora € 2 696 157,18 5 000,0 8 900,00
9. CRF Hyper ParadiseMall, Sofia € 2 994 125,26 6 600,0 8 114,00
10. CRF Hyper BGMall, Sofia € 2 642 704,06 4 224,0 5 626,4
12 CRF Hyper SkopjeMall, FYROM € 2 328 019,19 3 850,00 4 635,00
B. Projects, format B
1. CRF Market Lozenets, Sofia € 740 768,03 720,0 1 743,10
2. CRF Market Slaveykov, Sofia € 375 799,53 550,0 800,00
3. CRF Market Ilientsi, Sofia € 1 285 832, 6 250,0 3 947,00
4. CRF Market Lazur, Burgas € 483 208,07 680,0 920,73
5. CRF Market Trimontium, Plovdiv € 436 986,08 400,0 592,30
6. CRF Market Maria Luiza, Sofia € 565 671,32 580,0 994,00
7. CRF Market Drujba, Sofia € 471 274,61 450,0 1 228 ,91
8. CRF Market Orchid, Varna € 579 309,64 743,2 948,52
9. CRF Market Iztok, Sofia € 508 596,67 421,8 644,10
10. CRF Market Meden Rudnik, Burgas € 504 660,93 496,3 652,50
11. CRF Market Student City, Sofia € 274 476,00 476,8 917,93
€ 54 935 045,55

4. • Dates JANUARY 2009 – MARCH 2011
• Employer’s name and address GROUPE CARREFOUR, FRANCE – CARREFOUR BULGARIA AD
1784 SOFIA, 115K “TSARIGRADSKO SHOSE””BLVD
Type of activity or field of work• Construction and Technical Management, Financial and Administrative Management,
Procurement, Design and Property Management
• Position ASSET MANAGER / CONSTRUCTION ENGINEER
• Main activity and duties in
accordance with the labor contract
I. Mall Facility Management
• Tenants deal’s (The Mall) negotiations and pre fit-out works planning and performance, Technical annexes
preparation;
• Monitoring all design and construction changes, carried out by the tenants and updating Building (The Mall)
Information Model – “as built” drawing data base;
• Supervision of all fitting-out tenants work, design issues resolving, permitting, commissioning and commercial
licensing;
• Monitoring all Health&Safety requirements within the project;
• Two years after opening “snag list ”follow up, planning, coordination and monitoring all reparation activities in
regard of signed selling contract of “The Mall”;
II.Mall Construction Management
• Deal with assets cost optimization, from the construction budget to the tender procedures, cost control during
construction, till final accounts of the project;
• Define the preliminary time schedule of the project, design, bidding-contract and work phases;
• follow up the preliminary design of the project by the architect and collect related documents for the Committee of
Investment of the Group (CIG), in relation with the Expansion Manager;
• Prepare the detailed estimate of cost of construction of the project for follow up and the CIG file, together with the
financial department;
• Deal with administrative procedures for authorizations and connection with the public networks, in relation with the
architect and the legal supervisor;
• Organize all the procedures of bidding, together with the financial department (Shared Service Center) in order to
get the best and reliable offers for construction services;
• Settle general coordinated time schedule of the works of the contractors with the installation of the commercial
equipment by the suppliers;
• Project and Subprojects BUILDING COMPLEX “HERMES PARK” SOFIA (THE MALL WWW.THEMALL.BG) – 240,000.00 SQ.M.:
- COLD SHELL& MEP OF THE BUILDING COMPLEX;
- MALL’S TENANTS COORDINATED FIT OUT WORKS – 186 SHOPS
- HV SUBSTATION 110 KV/20 KV, 64 M WATT, CABLE ROUTE, OVER HEAD LINE POLE:
PROJECT COST 4 584 000 EUROS
- MV TRANSFORMERS 20KV/ 0.4 KV , 11 COMBINED TRANSFORMERS STATIONS, 41 SINGLE
TRANSFORMERS
PROJECT COST 3 502 00 EUROS
- UNDERGROUND TRANSPORT CONNECTION (TUNNEL) UNDER “TSARIGRADSKO SHOUSSE” BLVD
PROJECT COST 6 905 000 EUROS
- 21 MWATT HEATING SUBSTATION ;
PROJECT COST 1 201 000 EUROS
- MAIN STREET SEWAGE COLLECTOR, 540M., DIA 600-800, WATER SUPPLY RING
PROJECT COST 383 500 EUROS
- NEW ROAD ORGANIZATION AROUND HERMES PARK
PROJECT COST 419 260 EUROS
• Dates NOVEMBER 2008 – NOVEMBER 2008 , PROJECT HAS FAILED BEFORE FIRST DIGGING, DUE TO THE
FINANCIAL CRISIS
• Employer’s name and address ECE PROJEKTMANAGEMENT G.M.B.H
1505 SOFIA, BULGARIA, 48 "SITNYAKOVO" BOUL., FL. 3
Type of activity or field of work• SITE AND PROJECT MANAGEMENT
• Position GENERAL PROJECT MANAGER OF “CHERNO MORE PARK”, VARNA, SUBORDINATE TO THE TECHNICAL
DIRECTOR IN GERMANY
• Main activity and duties in
accordance with the labor contract

5. • Dates DECEMBER 2007- NOVEMBER 2008
• Employer’s name and address “GRUPO G56” SPAIN, BARCELONA
1000 SOFIA, 9 “POZITANO” STR.
Type of activity or field of work• REAL ESTATE DEVELOPMENT, CONSTRUCTION
• Position Technical Director, subordinate to the General Managers / Owners in Spain
• Main activity and duties • Prepare construction budgets using actual numbers based on the relation
with general contractors and previous projects
• Prepare tender materials, and based on these help to select general contractors, supervisory project management
companies, negotiate and finalize agreement;
• Ensure completion of all post-construction requirements for occupancy, including any necessary certificates,
authorizations, inspections and
insurance confirmation as well as all applicable building codes and
regulations;
• Coordinate relations between designers, architects and project management firms (scheduling of project design
completion dates and related payments);
• Coordinate/monitor the performance of all construction related contracts concluded with general contractors and
specialized subcontractors for the development projects;
• Monitor contracts in order to achieve the pre-established targets, analysis and supervising of project activities
(including on-site inspections and physical evaluation of executed works and their financial assessment);
• Cost control: monitor construction costs, analysis of already made payments, approving payments to general
contractors and specialized subcontractors after a thorough verification of both quality and quantity of performed
works;
• Devise alternative construction/design solutions to cost containment issues for approval, as appropriate;
• Connect the sites to public local utilities (electrical, gas, water, sewage, thermal agent) and obtaining required
permits;
• Dates JANUARY 2007-DECEMBER 2007;
• Employer’s name and address GRUPO DETEA” SPAIN SEVILLA ( CURRENTLY BOGARIS)
1504 SOFIA, BULGARIA, 24 "SAN STEFANO" STR., FL.1
Type of activity or field of work• REAL ESTATE DEVELOPMENT, CONSTRUCTION
• Position Technical Director, subordinate to Technical Director in Spain
• Main activity and duties Participate in the project during the entire development process, starting
from the general concept and design, to final completion;
• Prepare construction budgets using actual numbers based on the relation
with general contactors and previous Project
Prepare tender materials, and based on these help to select general contractors, supervisory project management
companies, negotiate and finalize agreement;
• Ensure completion of all post-construction requirements for occupancy;
including any necessary certificates, authorizations, inspections and
insurance confirmation as well as all applicable building codes and
regulations;
• Coordinate relations between designers, architects and project management
firms (scheduling of project design completion dates and related payments);
• Coordinate/monitor the performance of all construction related contracts
concluded with general contractors and specialized subcontractors for the
development projects;
• Monitor contracts in order to achieve the pre-established targets, analysis
and supervising of project activities (including on-site inspections and
physical evaluation of executed works and their financial assessment);
• Cost control: monitor construction costs, analysis of already made payments,
approving payments to general contractors and specialized subcontractors
after a thorough verification of both quality and quantity of performed works;
• Devise alternative construction/design solutions to cost containment issues
for approval, as appropriate;
• Connect the sites to public local utilities (electrical, gas, water, sewage,
thermal agent) and obtaining required permits;
• Coordinate activities so as to obtain zoning and building permits, as well as
Urbanism Certificates and Construction Authorizations for buildings and
Advertising signs etc.
• Dates MARCH 2006 – JANUARY 2007

6. • Employer’s name and address “ENGEL EAST EUROPE”
Type of activity or field of work• Residential Project “Panorama East”, “Panorama West”
• Position PROJECT MANAGER
• Main activity and duties Controlling the budget and the quantity bills;
Assistance in tenders with construction companies;
Construction supervision on site;
Maintaining technical standards according to assignor’s policy
• Dates OCTOBER 2003 – MARCH 2006
• Employer’s name and address “CORECOM PRINCESS” PLC. SOFIA
Type of activity or field of work• Civil works, reconstruction, modernization of Commercial Centre, 12 000 sq.m.
• Position GENERAL PROJECT MANAGER
• Main activity and duties Technical direction and control over the civil works, tenders for subcontractors, administration of
the construction process, accountancy of the investments made
• Dates MAY 2002 – August 2003
• Employer’s name and address “Technostroy Engineering”Ltd. – Libya, Tripoli, Ashra Street
Type of activity or field of work• Construction of infrastructure sites on the territory of Libya, cooling water tanks 100 000 cub.m.
capacity for irrigation, roads, hotels, pump stations, insulation works on hydro technical sites
under the “Sika” technology
• Position Quantity Surveyor – preparation of bills of quantities, accounting of the work implemented,
acting, preparation of offers, design engineer, engineer-in-chief
• Main activity and duties Preparation of bills of quantity for offers of sites, design of the construction part of water tanks,
hotels. Preparation of technological projects to carry out basic civil and assembly works.
Organization of the civil works production, delivery of materials and preparation for the input
thereof. Preparation of the technological schedules for construction mechanization, operation
regime of concrete production centre
• Dates AUGUST 2000 - MAY 2002
Employer’s name and address “Princess Group Bulgaria” (“Sofia Princess Hotel” AD, “Corecom Princess” AD, “Trimontium
Princess” AD – city of Plovdiv, “Birlik Inşaat” Ltd.)
• Type of activity or field of work• Civil works, reconstruction, modernization of “Princess Group Bulgaria” sites:
• Leisure premises, swimming pool, conference hall of “Princess” hotel (Novotel Europa),
• Commercial Centre “Corecom Princess”, Mladost-4 (former Metrocom)
• “Trimontium Princess” hotel – reconstruction, building of additional stores
• Position Head of investment group
• Main activity and duties Technical direction and control over the civil works, tenders for subcontractors, administration of
the construction process, accountancy of the investments made.
• Dates JULY1997 - AUGUST 2000
• Employer’s name and address “Orbi Engineering” Ltd. , Hipodruma residential district, 1, Sofiyski geroy Street
• Type of activity or field of work Construction entrepreneurship, investment in residential civil works, turn-key construction of
residential and office buildings
• Position • Assistant at the “Research, design and control over the civil works” department;
• Head of Design & Technical Supplies Department;
• Engineer-in-chief
Main activity and duties • Research, engineering infrastructures, construction contracts, design of residential and
office premises by means of company investment;
• Computer control systems in the field of the civil works, accountancy of the
investments, inventories on stock, accountancy of the input materials, price calculation
of residential real estates;
• Technology and organization of the civil works, overall management of construction
sites.
• Dates MAY 1995 - JULY 1997
• Employer’s name and address “Perfect-Engineering-Prof. T. Karamski Partnership
• Type of activity or field of work Design of construction structures for residential and office buildings

7. • Position Assistant at the Design department
• Main activity and duties • Design, drawing and bills of quantity for the constructive designs
• Dates JUNE 1993 – May 1995
• Employer’s name and address “Moko” Partnership, 10, Vitosha Blvd.
• Type of activity or field of work Construction geodetics, assessment of plots for residential buildings, underground and ground
cadastre
• Position Assistant
• Main activity and duties Geodetic servicing of construction sites, digitalization of underground and ground cadastre,
assessment of plots for construction, research, coordination, licenses
EDUCATION AND BACKGROUND
• Dates 1992 – 1997
• Name and type of the educational
organization
University of Architecture, Civil Works & Geodesy
• Majors/professional skills taught Industrial and civil construction
• Title of the qualification conferred Construction engineer of industrial and civil construction
• Level of national qualification (if
applicable)
• Dates 1987 – 1992
• Name and type of the educational
organization
School of mathematics “Baba Tonka” – City of Rousse,Bulgaria
• Majors/professional skills taught Mathematics and physics
• Title of the qualification conferred
• Level of national qualification (if
applicable)
PERSONAL SKILLS AND
COMPETENCE
MOTHER LANGUAGE Bulgarian
OTHER LANGUAGES
ENGLISH LANGUAGE
• Reading GOOD
• Writing GOOD
• Conversation GOOD
SOCIAL SKILL AND COMPETENCE JOINT WORK WITH INVESTORS OF THE LIBYAN MILITARY INDUSTRY, CIVIL ORGANIZATIONS AND
REPRESENTATIVES OF GOVERNMENT FUNDS FOR DEVELOPMENT OF THE CIVIL WORKS;
JOINT WORK WITH TURKISH INVESTORS IN THE FIELD OF LEISURE AND HOTEL BUSINESS ON THE
TERRITORY OF BULGARIA
JOINT WORK WITH ISRAELI INVESTORS, SPANISH AND FRENCH INVESTORS.
ORGANIZATIONAL SILLS AND
COMPETENCE
COORDINATION, MANAGEMENT AND ADMINISTRATION OF LARGE STRUCTURES INVOLVED IN THE
CONSTRUCTION, INCL. WORKFORCE, MECHANIZATION, CONCOMITANT STRUCTURES ON THE
MAINTENANCE AND OPERATION OF MACHINES AND EQUIPMENT, JOINT WORK WITH SUBCONTRACTORS
AND SUPPLIERS OF MATERIALS AND MACHINES. SKILLS ACQUIRED IN BULGARIA PRIOR TO 2000 AND
FURTHER DEVELOPED IN LIBYA AND ALL PROJECTS, DEVELOPED BY FOREIGN COMPANIES IN BULGARIA.
PROJECTS MANAGEMENT.
TECHNICAL SKILLS AND
COMPETENCE
COMPUTER SKILLS: MICROSOFT 7, MICROSOFT WORD, MICROSOFT EXCEL, BIM (REVIT
ARCHITECTURAL, STRUCTURAL. MEP), AUTOCAD 2014, MICROSTATION (BENTLEY), MICROINVEST,
GAUDYPLAN 4.0, MICROSOFT OFFICE PROJECT 2010

8. ARTISTIC SKILLS AND
COMPETENCE
.
PROFICIENCY IN BUILDING INFORMATION MANAGEMENT/MODELING IN TERM OF BUILDING TECHNICAL
PASSPORT PREPARATION FOR FURTHER FACILITY MAINTENANCE AND TECHNICAL DUE-DILIGENCE
OTHER SKILLS AND COMPETENCE KNOWLEDGE IN THE FIELD OF ENGINEERING INSTALLATIONS, THEIR EXECUTION, AS WELL AS THE
EQUIPMENT RELATED TO THE PROPER OPERATION OF THE BUILDINGS AS AN ENVIRONMENT WITH
DESIGNED MICROCLIMATE, BUILDING AUTOMATION
CLEAN DRIVING LICENSE N 280798086 / 04.02.2011
ADDITIONAL INFORMATION
ENCLOSURES COPY OF THE DIPLOMA OF HIGHER EDUCATION GRADUATE NO. ВДФС-95-УАСГ, N 000916
COPY OF THE DIPLOMA OF SECONDARY EDUCATION GRADUATE NO. А-92, N 020416
COPY OF ENGLISH LANGUAGE COURSE CERTIFICATE NO. 15856 / 03.02.2002
COPY OF CERTIFICATE “DEVELOPMENT AND MANAGEMENT OF EUROPEAN PROJECTS”, ISSUED BY “BG
CERT REGISTER” LTD.
COPY OF THE DIPLOMA OF HIGHER EDUCATION GRADUATE TRANSLATED INTO ENGLISH
COPY OF THE DRIVING LICENSE