Tishman Speyer wins major residential asset management mandate in Germany

Tishman Speyer has been appointed by a specialist residential property fund, owned by one of Germany’s larger pension funds, to manage a portfolio of new build, multifamily residential properties located in nine cities and 10 locations across the country.

The portfolio comprises approximately 1,300 apartments located in cities including Berlin, Hamburg and Leipzig. The majority of the portfolio’s properties have already been completed and occupied, with the balance being scheduled for completion this year. Tishman Speyer was selected for this mandate based on the expertise of its specialist residential team – including the tailored nature of its service, its dealmaking capabilities – that have seen it source assets in this sector, mostly off-market, to a value in excess of €1.3 billion ($tk billion)– as well as on the breadth of the wider firm’s capabilities. These include its ability to monitor third party contractors during the construction phase, leveraging s