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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.

vivienda y rehabilitacion

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

 

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