Tishman Speyer, NPS launch US$1.5b investment platform
South Korea’s National Pension Service (NPS) and Tishman Speyer have created NPS–Tishman Speyer Thematic Platform, a US$1.5 billion separately managed account focused on investments in real estate innovation and high-demand asset classes across major US markets.
The newly established venture will dedicate substantial capital to pursue opportunities in emerging sectors that are being propelled by rapid advances in innovation and technology. This initiative will explore the creation of new funds and platforms aimed at a range of promising sectors.
The NPS–Tishman Speyer platform will also devote capital for the acquisition and development by Breakthrough Properties of world-class life sciences real estate. Breakthrough Properties, a joint venture between Tishman Speyer and life sciences investment firm Bellco Capital, is currently advancing a number of major investments in the largest life sciences clusters in Boston and San Diego, and maintains a pipeline of poten