Brazil is developing so fast.

“Brazil is developing so fast the existing stock is only now starting to meet the quality level that multi-national companies need and expect,” said Rob Speyer, president and co-chief executive of Tishman Speyer.

Full article click here.

Another Step Forward by Tishman Speyer, Led by Jerry and Rob Speyer, as a Top Developer of Iconic Properties in Europe

Rob Speyer Tishman Speyer FrankfurtJoint venture partners Tishman Speyer and Commerz Real AG  laid the foundation stone for the “TaunusTurm” office tower, which will be the latest addition to Frankfurt skyline. Located in the heart of Frankfurt’s banking district, the 40-story, 650,000 square-foot (60,000-square-meter) tower is scheduled to be delivered by the end of 2013.

In the presence of 350 invited guests, Petra Roth, Mayor of the City of Frankfurt, and architect Martin Gruber joined Jerry and Rob Speyer, Co-CEOs of Tishman Speyer, as well as Jochen Klösges, a member of the Commerzbank AG Board of Managing Directors, in lowering the copper foundation stone capsule through a Plexiglas tube into the 10-meter-deep construction pit.

For Tishman Speyer, TaunusTurm represents the third phase of what has proven to be an enormously successful development initiative in Frankfurt, preceded by the MesseTurm and OpernTurm projects.

To be located at the corner of Neue Mainzer Strasse/Taunustor and the “Wallanlagen”, the park belt, TaunusTurm will be the first building on Neue Mainzer Strasse to have its 13-meter-high entrance facing the adjacent park. The slender tower with a white natural stone façade, which was designed by the Frankfurt firm Gruber + Kleine-Kraneburg Architekten, is expected to be the first new high-rise in the city to be awarded LEED Platinum certification.

The construction of TaunusTurm will considerably upgrade the Wallanlagen – the adjacent former city fortifications. Part of the plot of land will be used to extend them and make them accessible by means of a new promenade along the entire row of buildings. Amenities in the form of a restaurant for staff and guests, and a business club with conference space will enhance the property. Next to the TaunusTurm, Tishman Speyer is developing a residential tower, with an entrance aligned to the park, making it a prime address on Frankfurt’s unique park belt.

Petra Roth, Mayor of the City of Frankfurt, emphasized the entrepreneurial vision of Tishman Speyer and Commerz Real. TaunusTurm, she said, integrates a new urban space for work and life into the existing fabric of the city and gifts future residents, employees and guests a great deal quality of life: “The entire development of the TaunusTurm project is infused with the notion of sustainability. It is precisely this which a center such as Frankfurt really needs: Investors who believe in the potential of the place.” Mayor Roth insists that such vision will spell a strong competitive edge: “In keeping with the claim of ‘Be Inspired’ TaunusTurm is already a massive success for the City of Frankfurt as it not only creates hundreds of jobs but at the end of the day will be an impressive new landmark for the city.”

In a joint statement, Jerry and Rob Speyer, Co-CEOs of Tishman Speyer, said, “Frankfurt is one of Europe’s great cities and its importance as a key financial center will undoubtedly keep growing during the coming years. We continue to pursue a strategy of developing and owning premier properties in world-class cities, and this project is consistent with that strategy, while it satisfies Frankfurt’s growing need for high quality office space that is architecturally superior, flexible, efficient and sustainable.”

Jochen Klösges, Member of the Management Board of Commerzbank AG, highlighted the special location of TaunusTurm and the responsibility that comes with it, commenting, “It has been of major concern to us to implement a project in this prominent location in the banking district on a property formerly from our corporate portfolio that would guarantee complete success. The conditions have been met perfectly: The striking architecture, the quality of the space, and the alignment toward Taunusanlage are proof of the great attractiveness of TaunusTurm.”

“Be Inspired – by seeing what is! We as architects are constantly moved forward by our visions. Creating a new location, imagining it from nothing, now that is always the search for the special, for the essentials. At this location, right here, we see the great opportunity to design and build a sculptural high-rise, a shape that contained multiple uses, right in the heart of the city of Frankfurt. TaunusTurm brings all this together and can be read as a metaphor for contemporary economics and aesthetics,” commented Martin Gruber of Gruber + Kleine-Kraneburg Architekten.

Nike has signed a long-term lease with Tishman Speyer

Nike has signed a long-term lease with Tishman Speyer, one of the world’s leading owners, developers, operators and investment managers of first-class real estate on the project. Tishman Speyer will construct the more than 587,227 square feet (approximately 54,575 square meters) of space in a multi-building campus. Nike said when complete, the campus within The Springs will consist of up to three office buildings and a five-story multi-purpose conference center, in a campus-type setting. Along with the commercial buildings, it will feature a soccer pitch and regulation-size indoor basketball court and state-of-the-art work-out facility. The campus will also include a full service food and beverage facility and a standalone conference center to host large-scale events and product unveilings. Nike expects to occupy the new space starting in the first quarter of 2014.

“When we broke ground on The Springs in June, we were confident that world-class companies would recognize the value and importance of establishing a presence in Shanghai,” said Tishman Speyer co-CEOs Jerry Speyer and Rob Speyer. “The creation of the Nike Greater China Headquarters at The Springs underscores the strength of this market and importance of this development to the Shanghai business as well as residential communities. We’re thrilled that Nike, one of the world’s great global brands and companies, will be an anchor in this development and look forward to a long-term relationship.”

Full story here.

Tishman Speyer Announces Record-Breaking Lease in Paris

With the newly acquired lease of Lumiere, the largest privately owned office building in Paris, occupancy rate of Tishman Speyer’s entire 10-building Paris portfolio is nearly 100 percent.

Paris, France (PRWEB) August 10, 2011 – Tishman Speyer today announced the largest lease transaction ever completed in the city of Paris. The French Ministry of the Interior has agreed to lease 38,000 square meters – approximately 400,000 square feet — at Lumière, which is the largest privately owned office building in Paris. The Ministry is expected to take occupancy in late 2012.

The property is owned within Tishman Speyer’s European Strategic Office Fund (ESOF), which controls office assets in several major European cities. With this new transaction, the occupancy rate of Tishman Speyer’s entire 10-building Paris portfolio, totaling approximately 350.000 square meters (3.75 million square feet), is nearly 100 percent.

Lumière is located at 40, avenue des Terroirs de France in the 12th District, close to the 14 hectares park of Bercy. The area, part of the Eastern business district of Paris, is an established office market with excellent road and metro access, allowing access to the center of the city in 10 minutes. Built in 1992, the property consists of seven floors above the two-story lobby level, branched into two wings from an impressive atrium. Each wing has a separately configured building at each end. Existing tenants include Natixis, SNCF, ING Direct, and Société Générale. The Ministry’s space will include a private auditorium and a nursery.

“Over the past 14 years, we have been able to develop and acquire many of the best office properties in the best locations in major European cities,” said Tishman Speyer Co-CEOs Jerry Speyer and Rob Speyer. “By building such a portfolio and managing it well, we are able to attract the highest quality tenants, as evidenced by this transaction.”

Senior Managing Director Michael Spies, head of the firm’s European operations, added,
“Lumière has proven to be an ideal investment for our European Strategic Office Fund, and our local team has done a fantastic job in managing this asset to its full potential. Given its local prominence and superb location in the Paris office market, we anticipate that the property will continue to benefit from strong tenant demand.”

“Especially considering the current challenges in the marketplace, we are very pleased that Lumiere is now fully leased with high-credit quality tenants,” said Bernard Penaud, senior managing director and head of Tishman Speyer’s operations in France. “The Ministry is a great addition, and we look forward to serving its office needs going forward.”

About Tishman Speyer (http://www.tishmanspeyer.com)

Tishman Speyer is one of the leading developers, owners, operators, and asset managers of first class real estate worldwide. Active across North America, Europe, South America, and Asia, many of the world’s most prestigious corporations rely on Tishman Speyer to meet their office space needs. Since its founding in 1978, the firm has acquired, developed and/ or managed a portfolio of over 116 million sq. ft. valued at over USD $50.2 billion. Signature assets include New York’s Rockefeller Center and the Chrysler Center, Frankfurt’s MesseTurm and Opernturm, Sao Paulo’s Torre Norte, and Ventura Corporate Towers in Rio de Janeiro. Tishman Speyer has projects in different stages of development in Shanghai, Chengdu and Tianjin.

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Tishman Speyer Completes Sale of Major Frankfurt Office Tower

The 42-story, 720,000-square-foot tower anchors Frankfurt’s financial district and is over 95 percent leased, serving world-class tenants such as UBS AG, Allen & Overy LLP, Ashurst LLP, K&L Gates LLP, BlackRock, 3i and Cerberus

PRLog (Press Release)Dec 20, 2010 – Frankfurt, Germany – Leading global real estate development and investment firm Tishman Speyer recently announced the sale of the OpernTurm, a new landmark office tower in downtown Frankfurt that it completed in 2009.  The sale, on behalf of the firm’s partnership with UBS, marks the completion of a high-profile development project brought to the market and successfully leased during extremely difficult economic conditions.

After acquiring the site that formerly had been the local headquarters for Zurich Financial in 2004, Tishman Speyer (http://www.tishmanspeyer.com/properties/Country.aspx?id=8) began construction of the building in 2006.  Today, the 42-story, 720,000-square-foot tower anchors Frankfurt’s financial district and is over 95 percent leased, serving world-class tenants such as UBS AG, Allen & Overy LLP, Ashurst LLP, K&L Gates LLP, BlackRock, 3i and Cerberus.

“This sale completes our successful Opernturm investment, and we are pleased to see this great building pass into the hands of prominent international investors JP Morgan and GIC,” said Tishman Speyer Co-CEOs Jerry Speyer and Rob Speyer (http://www.tishmanspeyer.com/about/team.aspx).  “It marks another chapter of Tishman Speyer’s successful history in the Frankfurt office market, which began over 20 years ago with the development of MesseTurm.  As Frankfurt is such an important European financial center, we look forward to continued engagement there.”

About Tishman Speyer

Tishman Speyer (https://tishmanspeyer.wordpress.com) is one of the leading developers, owners, operators, and asset managers of first class real estate worldwide.  Active across North America, Europe, South America, and Asia, many of the world’s most prestigious corporations rely on Tishman Speyer to meet their office space needs.  Since its founding in 1978, the firm has acquired, developed and/ or managed a portfolio of over 116 million sq. ft. valued at over USD $50.2 billion.  Signature assets include New York’s Rockefeller Center and the Chrysler Center, Frankfurt’s MesseTurm and OpernTurm, Sao Paulo’s Torre Norte, and Ventura Corporate Towers in Rio de Janeiro.  Tishman Speyer has projects in different stages of development in Shanghai, Chengdu and Tianjin.

Tishman Speyer Acquires Cap de Seine Building in Paris

Cap de Seine is located on the Seine river bank in Ivry-sur-Seine, a southeastern inner suburb of Paris, and marks the continued growth of Tishman Speyer’s Paris portfolio

PRLog (Press Release)Dec 20, 2010 – New York, NY  – Tishman Speyer recently announced the acquisition of the Cap De Seine Building in Paris, thereby expanding its European portfolio and presence in Paris. The 327,000 square foot building, which was completed in 2004, is located on the Seine river bank in Ivry-sur-Seine, a southeastern inner suburb of Paris.  The off-market transaction is Tishman Speyer’s second acquisition in Paris this year.

The Cap De Seine property holds a solid tenant base that includes financial firms Credit Foncier de France and Stanley Solutions de Securite, healthcare companies PPD France and the French health insurance office, and IT solutions company AGFA.

Tishman Speyer Senior Managing Director Michael Spies said, “Cap de Seine occupies a great location along the Seine in Ivry-sure-Seine, an emerging submarket that is poised to benefit from tightening space availability in the city’s central business district.  The acquisition marks the continued growth of our Paris portfolio (http://www.tishmanspeyer.com/properties/Municipality.asp …), which now exceeds 3.5 million square feet, within a European portfolio exceeding 8.5 million square feet.  And as our Paris portfolio grows, we continue to look at other European cities for additional opportunities that may arise.”

About Tishman Speyer

Tishman Speyer (http://www.tishmanspeyer.com) is one of the leading developers, owners, operators, and asset managers of first class real estate worldwide.  Active across North America, Europe, South America, and Asia, many of the world’s most prestigious corporations rely on Tishman Speyer to meet their office space needs.  Since its founding in 1978, the firm has acquired, developed and/ or managed a portfolio of over 116 million sq. ft. valued at over USD $50.2 billion.  Signature assets include New York’s Rockefeller Center and the Chrysler Center, Frankfurt’s MesseTurm and Opernturm, Sao Paulo’s Torre Norte, and Ventura Corporate Towers in Rio de Janeiro.  Tishman Speyer has projects in different stages of development in Shanghai, Chengdu and Tianjin.

Tishman Speyer Acquires Trophy Office Tower in Chicago

The LEED CS-Gold certified, 46-story, 1,184,000-square-foot Class A building in Chicago’s River North submarket offers first-class on-site and nearby amenities.

PRLog (Press Release)Dec 17, 2010 – Chicago, IL – Tishman Speyer recently announced the acquisition of
353 N. Clark, a trophy-quality office tower in Chicago’s River North submarket. Financial terms were not disclosed.Designed by architect Dirk Lohan of Lohan Anderson, the 46-story, 1,184,000-square-foot Class A building offers breathtaking views along with first-class on-site and nearby amenities. The building is LEED CS-Gold certified (http://www.tishmanspeyer.com/capabilities/su/newbldg.aspx) and was developed by Mesirow Financial Real Estate.  Its largest tenants are Mesirow Financial and Jenner & Block. 

“As the city’s largest owner of Class A office buildings, Tishman Speyer is well positioned to take advantage of market demand for the highest-quality space in Chicago.  This property is a great addition to our world-class office portfolio and the acquisition demonstrates our confidence in the Chicago market,” said Senior Managing Director Casey Wold.

About Tishman Speyer

Tishman Speyer (http://www.tishmanspeyer.com) is one of the leading developers, owners, operators, and asset managers of first class real estate worldwide.  Active across North America, Europe, South America, and Asia, many of the world’s most prestigious corporations rely on Tishman Speyer to meet their office space needs.  Since its founding in 1978, the firm has acquired, developed and/ or managed a portfolio of over 116 million sq. ft. valued at over USD $50.2 billion.  Signature assets include New York’s Rockefeller Center and the Chrysler Center, Frankfurt’s MesseTurm and Opernturm, Sao Paulo’s Torre Norte, and Ventura Corporate Towers in Rio de Janeiro.  Tishman Speyer has projects in different stages of development in Shanghai, Chengdu and Tianjin.

Global Leasing Momentum Continues as Tishman Speyer Signs Large Renewal at Munich Office Property

Leases Also Announced at Frankfurt’s OpernTurm Project, Now Exceeding 95 Percent Occupancy

Munich, Germany (PRWEB) November 17, 2010 – Tishman Speyer announced recently that Serviceplan, Germany’s largest privately-owned marketing agency, has signed an early renewal of its175,665-square-foot (16,319 sqm) lease at the firm’s Brienner Strasse property, extending its occupancy to January 2021. The agency, which fills virtually the entire complex, has been a tenant since 2000.

Tishman Speyer also has completed six new leases totaling 72,000 square feet (6,700 sqm) at its OpernTurm project in Frankfurt. The management consultant Roland Berger has signed a 24,000 square-foot lease; global business solutions provider Infosys has taken another 15,000 square feet; and international law firm Bingham McCutchen has leased 8,000 square feet. Altogether, new leases bring the successful development’s occupancy to over 95 percent.

“Today’s announcement illustrates a continuation of leasing momentum that has been building at Tishman Speyer office properties around the world. During the past 12 months, we’ve signed many large long-term lease transactions throughout our portfolio, not just in the German markets – but also in cities such as New York, Chicago, Washington, DC, Atlanta, Paris, Rio de Janeiro, Sao Paulo and Hyderabad. We are pleased that our strategy of targeting world-class corporations for the well-located high-quality properties we’ve acquired and developed has been so successful. The agreement with Serviceplan, one of Germany’s finest marketing firms, further illustrates that success,” commented Tishman Speyer Co-CEOs Jerry Speyer and Rob Speyer.

Located in the centre of Munich and comprised of three connected buildings, Brienner Strasse includes first-class office space, residential units, an underground parking garage and surface parking in the building’s courtyard. The buildings were constructed at various times starting in 1930 and all were fully refurbished and modernized during the past decade. The property is easily accessible by private and public transportation, with Munich’s main train station and several subway stations close at hand.

Tishman Speyer’s Opern Turm development was completed in 2009 and has been a dramatic addition to the Frankfurt skyline. The project includes a 42-story tower, a seven-story podium building and an underground garage. Situated on Opernplatz, opposite the famous Alte Oper, OpernTurm is regarded as the premier office address in Frankfurt. The property features magnificent views of the city skyline and offers outstanding on-site amenities. It was one of Europe’s first new office high-rise developments to receive LEED Gold certification.

About Tishman Speyer (http://www.tishmanspeyer.com)
Tishman Speyer is one of the leading developers, owners, operators, and asset managers of first class real estate worldwide. Active across North America, Europe, South America, and Asia, many of the world’s most prestigious corporations rely on Tishman Speyer to meet their office space needs. Since its founding in 1978, the firm has acquired, developed and/ or managed a portfolio of over 116 million sq. ft. valued at over USD $50.2 billion. Signature assets include New York’s Rockefeller Center and the Chrysler Center, Frankfurt’s MesseTurm, and Sao Paulo’s Torre Norte. Tishman Speyer has projects in different stages of development in Shanghai, Chengdu and Tianjin.

Tishman Speyer-Led Partnership Deleverages Boston Office Property and Announces Headquarters Lease

PRLog (Press Release)Oct 18, 2010 – Boston, MA – Tishman Speyer announced today that the One Federal Street office property in downtown Boston has been deleveraged by the building’s ownership, with a portion of its secondary debt being retired at a discount.  With the investment of new equity there will be sufficient capital to fund new leases and otherwise execute the owners’ asset management strategy.

Today’s announcement follows several other noteworthy debt transactions completed in 2010 by Tishman Speyer (http://www.tishmanspeyer.com/capabilities/ad/index.aspx), including large portfolio debt restructurings in Chicago and Washington, DC, and the restructuring of debt on prominent properties in downtown Seattle and Dublin, Calif.   In Southern California, the firm recently regained control of prime commercial development land in Playa Vista, and recapitalized two prime office buildings in El Segundo.

Tishman Speyer also announced today that Merchant Warehouse is relocating its corporate headquarters office to One Federal Street. Under the terms of the five-year lease agreement (http://www.tishmanspeyer.com/capabilities/lm/index.aspx), the firm will take over the entire second floor of the building, which totals 42,787 square feet of space.

Established in 1998 and now servicing over 80,000 customers, Merchant Warehouse is a leading provider of merchant accounts and credit card processing to retailers.  It has been one of the region’s fastest-growing private companies for the past three years, according to the Boston Business Journal.  Among other recent honors, the company was named the nation’s “Independent Sales Organization of the Year” in 2009 by the Electronic Transaction Association.

David Richardson and Garrett Larivee of McCall & Almy represented Merchant Warehouse in the lease transaction.  Property ownership was represented by Brian Chaisson of Tishman Speyer.

One Federal Street (http://www.tishmanspeyer.com/properties/Property.aspx?id=110) is a 38-story office tower totaling approximately 1.1 million square feet, located in the heart of Boston’s financial district. The property enjoys convenient access to the area’s major highways and public transportation.   It features excellent on-site amenities, and is within close proximity to Rose Kennedy Greenway, Faneuil Hall Marketplace and many other retail and tourist attractions.

About Tishman Speyer (www.tishmanspeyer.com)

Tishman Speyer is one of the leading owners, developers, operators, and fund managers of first-class real estate in the world. Since 1978, Tishman Speyer has acquired, developed and operated over 325 projects totaling over 116 million square feet and a property portfolio of over US$54.2 billion in total value across the United States, Europe, Latin America and Asia, including signature properties such as New York’s Rockefeller Center and Chrysler Center, Berlin’s Sony Center and Torre Norte in São Paolo, Brazil.

Big Buyers Line Up for Stuy-Town

The massive apartment complexes Stuyvesant Town and Peter Cooper Village are attracting interest from some key players.

A group that includes Pershing Square Capital Management and Winthrop Realty Trust hopes to gain ownership of Peter Cooper Village and Stuyvesant Town at an Aug. 25 foreclosure auction.

Investor William Ackman says the group hopes to convert rental apartments into affordable co-ops, The Wall Street Journal reports. . Ackman said his group would work with the complex’s tenants association to ensure the co-ops would be affordable so people who live there now would be able to buy their units, the newspaper said.

Other creditors and potential buyers also are wrangling for control of the property.

(Read more via NBC New York.)