Tishman Speyer has launched a new vehicle in its series of flagship value-add and development funds, Tishman Speyer European Real Estate Venture IX (TSEV IX).
The fund has already secured €600 million ($682 million) of equity commitments from large institutional investors, against a target of €1 billion ($1.1 billion).
“The launch of this new fund reflects the continued strong levels of investor appetite for first-class European real estate,” said Bernard Penaud, head of Europe for Tishman Speyer. “It also testifies to Tishman Speyer’s commitment to value creation across the region.”
According to Penaud, TSEV IX will identify opportunities to execute ‘brown to green’ strategies in European gateway cities that deliver top-quality, sustainable buildings in central, well-connected locations with attractive amenities for customers
The firm said it is integrating ESG into every stage of the real estate lifecycle, along with a goal of net-zero
