Tishman Speyer, Hana Financial Group Ink $500M Partnership
The platform will prioritize investment opportunities that promote innovation and ESG principles.
Image by Edar via Pixabay.com
Tishman Speyer and Hana Financial Group have signed a Memorandum of Understanding (MOU) to form a strategic partnership aimed at co-investing in an array of asset types across the U.S., Europe and Asia.
Tishman Speyer President & CEO Rob Speyer, Hana Financial Group Chief Global Strategy Officer Jong-seong Lee and Hana Financial Group Head of Infrastructure Division Myung-chul Shin signed the MOU on Sept. 29.
“This joint platform will be a springboard for our collective mission,” Speyer noted in prepared remarks.
The joint venture intends to deploy up to $500 million of equity capital into real estate opportunities over the next two years. The strategic partnership will prioritize asset classes and properties that promote innovation and ESG principles when evaluating joint investment opportunities.
At the end of last year, Tishman Speyer and Bellco Capital raised more than $1 billion in capital for its Breakthrough Life Science Property Fund and in co-investments. The partnership aimed to purchase and develop a portfolio of state-of-the-art lab facilities.
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