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Tishman Speyer & Hana Financial Group Create $500MM Fund to Co-Invest on Diverse Range of Real Estate Assets

Tishman Speyer, Hana Financial Group
Photo by Samantha Sun on Unsplash

HFG to Deploy up to $500 Million in Equity Capital on Tishman Speyer-Sponsored Initiatives; Strategic Partnership to Focus in Part on Innovation and ESG Initiatives

NEW YORK, September 29, 2021 – Tishman Speyer and Hana Financial Group (HFG) today announced the creation of a strategic partnership that will co-invest in a diverse range of asset classes in the United States, Europe and Asia.

According to the Memorandum of Understanding (MOU) signed today by Tishman Speyer President and CEO Rob Speyer, HFG Chief Global Strategy Officer Jong-seong Lee and HFG Head of Infrastructure Division Myung-chul Shin, HFG will deploy up to $500 million of equity capital over the next two years in pursuit of Tishman Speyer-sponsored real estate opportunities. 

When evaluating joint investment opportunities, Tishman Speyer and HFG will place an emphasis on asset classes and properties that promote innovation and ESG (Environmental, Social, and Governance) factors.

“Hana Financial Group and Tishman Speyer share a passion for projects that drive innovation, support local communities and improve the quality of life for people around the globe,” said Tishman Speyer President and CEO Rob Speyer.  “This joint platform will be a springboard for our collective mission.”

“Tishman Speyer is a world-class company with extensive experience investing in real estate projects in cooperation with many of the leading global institutional investors,” said Jihoon Kang, Head of the Global Strategy Team at Hana Financial Group.  “This MOU will open the door for Hana Financial Group to strengthen its investment capabilities in the ESG sector and contribute to the Group’s efforts to achieve its vision of protecting the environment and of providing happiness to all members of our society.”

Hana Financial Group was established in 1971 in Seoul, South Korea, where it maintains its global headquarters.  Today, HFG employs approximately 22,000 people and operates more than 1,000 branches with assets under management of more than $390 billion. 

About Tishman Speyer

Tishman Speyer is a leading owner, developer, operator and investment manager of first-class real estate in 28 key markets across the United States, Europe, Asia and Latin America. We develop, build and manage premier office, residential and retail spaces for industry-leading tenants, as well as state-of-the-art life science centers through our Breakthrough Properties venture. With global vision, on-the-ground expertise and a personalized approach, we are unparalleled in our ability to foster innovation, quickly adapt to global and local trends and proactively anticipate our customers’ evolving needs.  By focusing on health and wellness, enlightened placemaking and customer-focused initiatives such as our tenant amenities platform, ZO., and our flexible space and co-working brand, Studio, we tend not just to our physical buildings, but to the people who inhabit them on a daily basis. Since our inception in 1978, Tishman Speyer has acquired, developed, and operated 453 properties, totaling 210 million square feet, with a combined value of approximately $113 billion (U.S.). Our current portfolio includes such iconic assets as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt and the Mission Rock neighborhood currently being realized in San Francisco.