Tishman Speyer and Hana Financial Group (HFG) have joined forces to co-invest in real estate in the US, Europe and Asia.
As part of the partnership, South Korean financial institution HFG is expected to deploy up to $500m (€431m) of equity capital over the next two years in pursuit of Tishman Speyer-sponsored real estate opportunities.
Real estate manager Tishman Speyer owns assets in 28 key markets across the US, Europe, Asia and Latin America. The company develops, builds and manages office, residential, retail spaces and life science centres.
Rob Speyer, the president and CEO of Tishman Speyer, said: “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. This joint platform will be a springboard for our collective mission.”
Jihoon Kang, the head of the global strategy team at Hana Financial Group, said the agreement will open the door for Hana to strengthen its investment capabilities in the environmental, social, and corporate governance 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.
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