Tishman Speyer has acquired a new office asset located in Lisbon via the Tishman Speyer European Core Fund (TSEC). The company also has signed a €28 million ($33 million) seven-year community-impact linked real estate financing with Crédit Agricole CIB.
Currently the Portuguese headquarters of multinational advertising agency WPP, the former automobile showroom is located on Lisbon’s vibrant riverfront neighborhood and benefits from vast and stunning views over the river Tagus and the city. Completely stripped in 2008 to become a hotel, the building was left in poor condition but was later reinvented by WPP with a bespoke design concept promoting flexibility and openness.
The partnership is the third of its kind for Tishman Speyer and its TSEC Fund, a fund promoting environmental and sustainable characteristics under Article 8 of the European SFDR regulations. It will build on numerous positive ESG initiatives undertaken by the group in recent years and make a pos
