DILIGENCE,
INNOVATION,
AND RETURNS TO INVESTORS

DILIGENCE, INNOVATION, AND RETURNS TO INVESTORS

Acquisition, transformation, value add, and sale of urban real estate in Spain.

Managed according to ESG standards

Who we are

Boutique investment management firm focused on key urbanistic and touristic locations in the Spanish Real Estate Market.

Fully integrated business model, combining active asset management, development, and operational capabilities.

360 degree approach to investing, from sourcing and acquisition of assets, to transformation, operation and eventual disposal.

On-the-ground, highly connected managed team with access to a vast local network of brokers, banks, and advisors.

Our mission

Creation of long-term value through the acquisition, transformation, enhancement and sale of Urban assets.

Optimization of social & financial returns to investors, through industry-leading ESG practices.

Satisfaction of our tenants and creation of long-term value in the communities we serve.

OUR VALUES

OUR TEAM

Local, in the field team, taking a hands-on approach to asset and property management.

Senior professionals with extensive experience in Spanish real estate, financial structuring, sub- market dynamics, and all facets of the real estate cycle.

  • 15+ years experience in finance and real estate.
  • Wall Street experience in hedge funds such as Autonomy Capital, Laurion Capital, and Bridgewater Associates.
  • Masters Degree in Management & Computer Science from Stanford.
  • Founder of hospitality operator, Urban Stays.
  • 20+ years experience in real estate and asset management.
    Experienced executive in areas such as capital management, construction management, built-to- rent, and built-to-sell.
  • Graduate of UPC and IESE Business School, with an academic background in business, engineering, architecture and construction.
  • 15+ years experience in corporate finance.
  • Expert in functions such as Financial Planning & Analysis, Management Control Systems, Budgeting, Forecasting, Cash Flow Analysis, Economic Viability, and Financing.
  • Post graduate, PPD, from IESE Business School.
  • MBA from Nebrija University in Madrid.
  • 30+ years experienced appraiser, architect, and building engineer.
  • Executive Director in the refurbishment of Alcazar de los Reyes Católicos and Bailio Palace in Córdoba, Spain.
  • His expertise has guided us on the change of use and transformation of 12+ assets to residential assets.
  • For every asset we study, he oversees a complex technical study, detailing the costs and benefits of each potential asset use, as well as how to optimize surface area while complying with building code.
  • 25+ years expertise in Banking & Finance Expertise in developing and building high value clients in the asset manager and hedge fund space.
  • Extensive experience and proficiency in foriegn exchange, derivativess, Emerging Markets, Structured Risk Solutions, Cross Asset.
  • 20+ year Wall Street banking career.
  • Expertise in Structured Credit, Middle Market Lending, Private Equity, Distress Debt, Derivatives, Fixed Income Trading, and Emerging Markets.

MITRA GHAMSARI

Founder & Chief Executive Officer

FERNANDO DE DIEGO

Chief Operating Officer

FRANCISCO SAENZ

Chief Financial Officer

ANTONIO SALAMANCA

Projects & Technical Director

ROBERT COX

Investor Relations

MARCELO BERENSTEIN

Investment Strategy & Capital Markets

MITRA GHAMSARI

Founder & Chief Executive Officer

FERNANDO DE DIEGO

Chief Operating Officer

FRANCISCO SAENZ

Chief Financial Officer

ANTONIO SALAMANCA

Projects & Technical Director

ROBERT COX

Investor Relations

MARCELO BERENSTEIN

Investment Strategy & Capital Markets

Persepolis Investments

SOCIMI

Publicly traded and focused on the acquisition, transformation, and sale of touristic apartments in major Spanish cities. Founded in 2014, currently in divestment.

VALUE: €60 million
TARGET IRR: 15%-20%
PLANNED PORTFOLIO PROJECT: €90 million

REVOLIS

Joint venture, co-investment fund between UK based Revcap and Persepolis’ Mahnaz. It is focused on the residential sector in Madrid and Barcelona.

TARGET GAV: €100 million
TARGET IRR: 18-20%
PLANNED PORTFOLIO PROJECT: €220 million

MAHNAZ

Private, multistrategy fund that includes traditional residential, hotels, touristic apartments, and luxury residential. The fund focuses on the acquisition, transformation, value add, and sale of urban real estate in Spain. Founded in July 2021.

TARGET GAV: €100 million
TARGET IRR: 15%
PLANNED PORTFOLIO PROJECT: €220 million

Spain and Balearic Islands Hotel Fund

The fund will seek to acquire distressed hotels in Costa del Sol and the Balearic Islands with value-add potential, and transform them into income generating assets.

SOCIMI

Publicly traded and focused on the acquisition, transformation, and sale of touristic apartments in major Spanish cities. Founded in 2014, currently in divestment.

VALUE: €60 million
TARGET IRR: 15%-20%
PLANNED PORTFOLIO PROJECT: €90 million

REVOLIS

Joint venture, co-investment fund between UK based Revcap and Persepolis’ Mahnaz. It is focused on the residential sector in Madrid and Barcelona.

TARGET GAV: €100 million
TARGET IRR: 18-20%
PLANNED PORTFOLIO PROJECT: €220 million

MAHNAZ

Private, multistrategy fund that includes traditional residential, hotels, touristic apartments, and luxury residential. The fund focuses on the acquisition, transformation, value add, and sale of urban real estate in Spain. Founded in July 2021.

TARGET GAV: €100 million
TARGET IRR: 15%
PLANNED PORTFOLIO PROJECT: €220 million

Southern Spain and Balearic Islands Hotel Fund

The fund will seek to acquire distressed hotels in Costa del Sol and the Balearic Islands with value-add potential, and transform them into income generating assets.

Persepolis IN NUMBERS

Established in 2014, Persepolis Investments has successfully raised €200 million of equity across all three funds, with a planned portfolio project valued at €530 million.

Persepolis has an in-house property management partnership with operator Urban Stays.

Málaga: 30 Touristic Apartments

Granada: 44 Residential Apartments

Valencia: 25 Touristic Apartments

Madrid: 100 Touristic Apartments / 36 Residential Apartments

Barcelona: 40 Touristic Apartments

16

Total buildings

CONTACT

Headquarters

Calle Sagasta 12, 6ª planta, 28004 Madrid