About Persis
Persis Holdings Ltd. has made substantial investments in retail, real estate and pharmaceutical businesses. From building Future Shop into the country’s largest electronics retailer to undertaking Canada’s most ambitious housing project, Persis’ interests are diverse, and its successes are many.
Inwest Investments
A subsidiary of Persis Holdings Ltd., Inwest was reorganized and renamed as Wesbild Holdings Ltd.
Before entering the land development business, Wesbild was and continues to be an active developer of commercial real estate. Today, Wesbild owns and manages multiple shopping centres in British Columbia and Alberta.
Future Shop
In the early 1980’s, Inwest Investments founded Future Shop. The company grew to become Canada’s largest electronics retailer, operating in every province in Canada and generating sales in excess of $2 billion. In 2001, Future Shop was sold to Best Buy for over $500 million.
Wesbild
Recognized as one of BC’s leading residential and retail property developers, Wesbild, a subsidiary of Persis, was initially formed in 1981.
Its first of many landmark developments was Westwood Plateau in Metro Vancouver. Breaking ground in 1989, it was, at the time, the most ambitious housing project in Canada. Wesbild currently has three land development projects under construction in BC: Burke Mountain in Coquitlam, Turtle Mountain in Vernon and Predator Ridge in the Okanagan Valley.
Before entering the land development business, Wesbild was and continues to be an active developer of commercial real estate. Today, Wesbild owns and manages multiple shopping centres in British Columbia and Alberta.
DRI Healthcare
In 2002, Inwest acquired DRI Healthcare (formerly Drug Royalty Corporation), a specialty finance company which acquires royalty streams on pharmaceutical products. Since acquisition by Inwest, DRI Healthcare has restructured its business to resemble a private equity partnership and now acquires royalties through DRI Healthcare Trust, a public company listed on the Toronto Stock Exchange.
Reservoir Media Management
Reservoir Media is an independent music company based in New York City and with offices in Los Angeles, Nashville, Toronto, London, and Abu Dhabi. It is the first female-founded and led publicly traded independent music company in the U.S. Founded as a family-owned music publisher in 2007, the company has grown to represent over 140,000 copyrights and 36,000 master recordings with titles dating as far back as 1900, and hundreds of #1 releases worldwide. In 2021, Reservoir Media became a public company listed on Nasdaq Stock Exchange.