Home English Persepolis Ra...

Persepolis Raises €200 Million to Invest in Hotels and Rental Housing

The manager of the socimi of the same name raised 200 million euros through two funds to invest in hotels and rental housing in Madrid and Barcelona, which Rafael Bou, formerly of PwC, will lead.

Persépolis began operations in 2015 as the manager of the MAB-listed socimi (currently BME Growth) of the same name. The vehicle’s strategy is based on acquiring industrial and office assets for transformation into residential assets in Madrid for short and medium-term use. It currently has eight residential buildings with a GAV of more than 40 million euros.

According to Mr Bou on his Linkedin account, last January, Persepolis raised a new GAV fund to invest more than 150 million euros between 2021-2023 to continue with this residential strategy mainly in Madrid and Barcelona.

In addition, part of this new fund may be invested together with other investors in hotels and branded residences in Mallorca and on the Costa del Sol. Persépolis is also looking for opportunities in business hotels in Madrid that need to be transformed to adapt to new needs after Covid-19.

Read the full article in Spanish

 

B-Exclusives

The Largest Players in Housing Sales and Rentals in Madrid

The big data platform Brainsre has conducted a study to determine the leading real estate brokerage firms that dominate the supply of housing for sale and rent in Madrid and its neighbourhoods.

The Leaders of Spain’s Rental Housing Market

Engel & Volkers, aProperties and Spotahome lead Spain’s rental housing market by volume, according to Brainsre data.

Increased Demand for Houses in Madrid Leaves Supply at Six-Year Low

The demand for houses in Madrid following the coronavirus pandemic reduced supply by 28% in 2020, with interest concentrated on the city’s periphery. However, Moncloa-Aravaca still has the most detached properties for sale in the capital, according to Brainsre.

Latest news

El Corte Inglés Puts €400-Million in Logistics Centres Up for Sale

El Corte Inglés has commissioned BNP Paribas to find an investor to buy its portfolio of logistics centres where it has the goods it sells in its shops. The retail group will begin its disinvestment plan to reduce debt through the sale of logistics assets.

Pryconsa Bets on BTR with a 700-Home Portfolio in Madrid

The Colomer family owned the real estate company has told Brains.news that they are aiming to occupy an important position in the rental business, “just as we lead the market for new home sales.”

2021’s Leaders in Real Estate Investment in 2021, According to the Big Consultancy Firms

Experts from the consultancy firms EY, Knight Frank, JLL and KPMG have told Brainsre.news that there is plenty of liquidity in the real estate sector, but investors are waiting for further adjustments in many cases to asset prices.

Grupo Puma Acquires 30,000-m2 Plot of Land in the Dos Hermanas Business Park

The factory will eventually cover approximately 13,500 square metres, in a total investment of five million euros.