Tishman Speyer holds €750m final close for latest real estate venture fund

Tishman Speyer, a global real estate investment company, has held a €750 million ($883 million) final close for its eight real estate venture fund, Tishman Speyer European Real Estate Venture VIII fund (TSEV VIII), exceeding its €600 million ($706 million) fundraising target.

The fund received commitments from investors in Europe, Asia and the Americas.

TSEV VIII opened in 2012. It follows a value-added investment strategy and focuses on the development and repositioning of European office and mixed-use assets, targeting cities such as Berlin, Frankfurt, Hamburg, London, Munich and Paris.

Tishman Speyer has acquired, developed and operated 406 projects. These projects total more than 167 million square feet and form the backbone of the firm’s global real estate portfolio of $88 billion in total value across the United States, Europe, Latin America and Asia.