Tishman Speyer signs $1.4b deal

Tishman Speyer has signed a global strategic partnership agreement with CreditEase Wealth Management. An announcement was made on April 9.

With an RMB10 billion ($1.4 billion) joint investment target for the next three years, the agreement aims to extend the partnership between CreditEase Wealth Management and Tishman Speyer that began in 2015.

Tishman Speyer, which has more than 17 million square feet of projects in China, has previously cooperated with Chinese asset managers to fund a $500 million Boston project.

CreditEase focuses on global asset allocation services for high-net-worth individuals and investors, offering a wide range of services and products available in multiple currencies for onshore and offshore investments in the areas of fixed income, private equity, capital markets, hedge funds, real estate, insurance, as well as investment immigration and international education.