AmiraInvest

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Platform

Amira established three Special Purpose Vehicles (SPVs) for the purpose of investing in the development, promotion, and sale of premium residential units, totaling 145 units, along with 250 parking spaces. These investments are strategically located in various regions, including the northeastern area of Madrid (Pozuelo), the city center of Madrid (Salamanca district), the southern part of Madrid (Leganés), Sotogrande (Cádiz), and Cala Conta (Ibiza).

Investors

Our esteemed investors encompass High Net Worth Individuals (HNWI) within the wealth management sector, alongside Amira, who holds a 20% stake, and select Family Offices.

Strategy

Our strategic approach involves the acquisition and development of residential assets at highly favourable prices, leveraging the economic downturn experienced in Spain. We aim to secure individual assets within our vehicles, capitalizing on the eventual economic recovery and facilitating one-by-one exits.

Fund Size: €66,000,000

Maturity: 5-7 years
  • Exit Plan: Targeting a 75% exit between 2019 and 2020, thereby ensuring a comprehensive completion of the investment cycle.
  • Performance Objective: Aiming for a Multiple on Invested Capital (MoIC) exceeding 2.6x, reflecting our commitment to delivering robust returns on investment.

Platform

Amira (50%) and Altamar Capital Partners (50%) have joined forces in the establishment of a strategic Joint Venture (JV) dedicated to investments in the student accommodation asset class. The resultant entity operates as a SOCIMI (Sociedad Anónima Cotizada de Inversión en el Mercado Inmobiliario), listed on the MaB (Mercado Alternativo Bursátil).

Investors

Our investor base comprises prominent wealth management entities, including High Net Worth Individuals (HNWI) represented by Orienta Capital, in addition to participation from Amira, Family Offices, and Altamar.

Strategy

Our overarching strategy centers on constructing a diversified portfolio and overseeing the operational aspects, facilitated by Hubr, encompassing a substantial inventory of over 1,000 student beds. This approach capitalizes on the burgeoning student accommodation asset class in Spain and the notable demand-supply imbalance.

Fund Size: €100,000,000

A total commitment of €100,000,000, with €54,000,000 already invested as of January 2020.

Maturity: The investment horizon spans 5 to 7 years.
  • Exit Plan: Anticipating an IPO exit in 2021, reflecting our commitment to a timely and strategic exit strategy.
  • Performance Objective: We aim to achieve a Multiple on Invested Capital (MoIC) exceeding 1.92x, alongside an impressive net Internal Rate of Return (IRR) of 22.9%, underscoring our dedication to delivering attractive returns to our investors.

Platform

Amira and RG Capital jointly established Medinvest Asset Management. This entity is dedicated to investments in the student accommodation asset class.

Investors

Our esteemed investors include King Street, and Medinvest, showcasing our commitment to collaborating with prominent entities in the investment arena.

Strategy

Our strategic focus centers on building a robust portfolio and effectively managing operations through our specialized platform, BRAVO!. We are dedicated to overseeing a substantial portfolio, comprising over 5,000 student beds. This approach capitalizes on the maturation of the student accommodation asset class in Spain and the pronounced demand-supply disparity.

Fund Size: €400,000,000

We have secured a total commitment of €400,000,000, with €100,000,000 already invested as of February 2023.

Maturity: Details regarding the maturity period are confidential and will be disclosed as appropriate.
  • Exit Plan: Our exit strategy is also confidential and will be communicated in accordance with our strategic objectives.
  • Performance Objective: Confidential

Platform

Amira is the sole owner of this venture, holding a 100% stake in this endeavour.

Investors

Our investor base consists of a private investor providing bridge financing, aligning with our strategic objectives.

Strategy

Our strategic focus involves assembling and managing a diverse portfolio comprising over 1,000 apartments designed for independent seniors aged 55 and above. We are capitalizing on the burgeoning growth of this asset class in Spain and the significant gap between demand and supply.

1st Phase: Benidorm

Initial Emphasis on Coastal Regions, Expansion into Urban Centers:

We are initially targeting coastal regions and subsequently expanding into prime urban centers to cater to the evolving needs of our senior residents.

Fund Size: €100,000,000

Our fund boasts a substantial size of €100,000,000, ensuring the resources required to execute our vision effectively.

Maturity: The investment horizon spans 5 to 7 years, with no mandatory exit requirement, affording flexibility in our investment approach.

Exit Strategy:

We anticipate achieving a Multiple on Invested Capital (MoIC) of approximately 2.1x, accompanied by an impressive Internal Rate of Return (IRR) of 20%. These projections underscore our dedication to delivering attractive returns to our investors.