Korea’s National Pension Service Lends Tishman Speyer its Balance Sheet for a Wide Range of US Real Estate Investments

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Posted on 11/09/2021


The National Pension Service of Korea (NPS) and Tishman Speyer, a global real estate owner, developer, manager and investor, announced the creation of NPS-Tishman Speyer Thematic Platform, a US$ 1.5 billion separately managed account (SMA) focused on investments in real estate innovation and high-demand asset classes across major U.S. markets. For more than a decade, the National Pension Service has been a strategic partner and co-investor with Tishman Speyer.

The NPS-Tishman Speyer platform will also commit capital for the acquisition and development by Breakthrough Properties of life sciences real estate. A joint venture between Tishman Speyer and life sciences investment firm Bellco Capital, Breakthrough Properties is currently advancing a number of major investments in the largest life sciences clusters in Boston and San Diego and maintains a pipeline of potential investments in many established and emerging life sciences…

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