Tishman Speyer Purchases Second Development in Hudson Yards

Tishman Speyer this week announced its purchase of a second development in Midtown Manhattan’s Hudson Yards Development.

The existing development consists of 434-444 11th Avenue and 550 West 37th Street, with an option to purchase additional development rights. With these two adjacent properties, Tishman Speyer has the opportunity to develop a 1.3 million-square-foot building.

“New York City’s position as a global business center is as strong as ever, and Hudson Yards is rapidly emerging as one of its main engines for further economic growth,” said Tishman Speyer CEO Rob Speyer. “As evidenced by our commitment to develop more than four million square feet of premium commercial space in the area, we are convinced that Manhattan’s far west side is well on its way to becoming the world’s most modern, dynamic and sustainable urban neighborhood.”

The Hudson Yards district is bounded by West 42nd Street, 8th Avenue, West 30th Street, and Hudson River Park.

Read more at REW.


Tishman Speyer Unveils Plan For The Spiral

This week, Tishman Speyer announced plans for a 65-story building designed by Bjarke Ingels at the heart of Manhattan’s West Side. The Spiral will sit a block away from the north end of Manhattan’s High Line Park and will, according to Ingels, “[extend] the Highline into the skyline,” with spiral landscaped terraces wrapping around the exterior of the building. These terraces will provide an outdoor space for every floor in the building.

The Spiral will have 2.85 million square feet of space, all with unobstructed views and double-height amenity spaces connecting adjacent floors for dynamic, collaborative workflows.

“(The) tower will serve as a significant leap forward in the evolution of the modern, collaborative and sustainable workplace,” said Rob Speyer, President and CEO of Tishman Speyer.

The open plan allows for tailored tenant experiences, increasing the desirability and longevity of the building.

Located at 66 Hudson Boulevard, The Spiral is Tishman Speyer’s entrant into the 28-acre space at Hudson Yard. Three other skyscrapers are planned in the area as well, with hope of extending Midtown’s business district west as far as the Hudson River.

More information and design renderings of The Spiral can be found here.

Jerry Speyer & Rob Speyer Announce Purchase Of 100 New Oxford Street In London

Jerry Speyer and Rob Speyer announced Friday an agreement to acquire 100 New Oxford Street, an office and retail building in London.

The 103,500-square-foot building is Tishman Speyer’s third Central London acquisition in recent months. It previously purchased the headquarters of British grocery chain Sainsbury and The Point office building in the Paddington neighborhood of London’s West End.

“Demand for first-class office space in the world’s great cities continues to grow,” said Rob Speyer and Jerry Speyer in a joint statement.  “We endeavor to meet that demand via ground-up development and selective acquisitions of existing properties.  We continue to have a very positive long-term view of the London office market and look forward to the possibility of expanding our presence further.”

Acquired from Hermes Investment Management and Canada Pension Plan Investment Board, the recently renovated property includes ground-level retail and six floors of office space


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.