Tishman Speyer and The National Pension Service of Korea have partnered to launch NPS-Tishman Speyer Thematic Platform, a $1.5 billion investment vehicle. The separately managed account will pursue high-demand real estate assets in the US.
The platform will specifically target assets that will support rapid advances in technology and innovation, and it will dedicate capital to the creation of funds and other more specified platforms to target growth sectors. "The most intriguing part is the new built-in ability to move quickly based on disruptive technologies and market shifts," said Tishman Speyer President and CEO Rob Speyer in a statement about the new partnership.
The platform has allocated capital to Breakthrough Properties—a joint venture between Tishman Speyer and Bellco Capital—for the acquisition and development of life science properties. Breakthrough is already in the process of acquiring several major life science assets in Boston and San Diego.
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Kelsi Maree Borland
