New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Tishman Speyer, Korea’s National Pension Service Launch $1.5B Thematic Platform
The National Pension Service of Korea (NPS) and Tishman Speyer have launched NPS-Tishman Speyer Thematic Platform, a $1.5-billion separately managed account focused on investments in real estate innovation and high-demand asset classes across major U.S. markets.
The newly established venture will dedicate substantial capital to opportunities in emerging sectors that are being propelled by rapid advances in innovation and technology. IT will also devote capital to acquisition and development of life sciences real estate, and NPS will become the anchor investor in Tishman Speyer’s newly established affordable housing platform.
“For more than a decade, the National Pension Service has been a strategic partner and sophisticated co-investor with us,” said Tishman Speyer president and CEO Rob Speyer. “This new platform leans into our collective experience in emerging asset classes and global markets. The most intriguing part is the new built-in ability to move quickly based on disruptive technologies and market shifts.”
- ◦Financing