Investors - JULY 12, 2019

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IMCO and Tishman Speyer form joint venture

by Released

The Investment Management Corporation of Ontario (IMCO) and Tishman Speyer have formed a joint venture, established to build a portfolio of new developments and repositioned office and multi-residential properties in major gateway cities across the United States.

The planned investment program bolsters IMCO's commitment to generating strong results for its clients through high-quality assets and developing long-term and mutually beneficial strategic partnerships.

For Tishman Speyer, the venture will facilitate the expansion of its presence in major United States markets specifically by taking advantage of value-add opportunities.

With IMCO’s initial commitment of $500 million and additional co-investment opportunities of $250 million, IMCO and Tishman Speyer will jointly acquire and develop property in major supply-constrained markets, including New York, Washington, D.C., Boston, Los Angeles, San Francisco, Chicago and Seattle.

Investments will target

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