Tishman Speyer

Tishman Speyer Properties is a US-based real estate company, which was founded in 1978 by Jerry Speyer and Robert Tishman ( 1916-2010 ). Despite the similar name, the company is not the same as the U.S. building construction company Tishman Construction.

The company employs approximately 1,600 employees. The company headquarters is located in New York City. From Tishman Speyer Property located in London, Madrid, Milan, New York City and São Paulo. The German subsidiary company owns real estate in Hamburg, Stuttgart, Frankfurt and Munich.

Tishman Speyer Properties is one of the leading international property and planning and management companies of real estate. Since its creation more than 700,000 square feet of space to be managed in many cities around the world. In the headlines, the company came, because in New York a major project had failed: the transformation of the Stuyvesant Town ( Peter Cooper Village ) in condominiums. The settlements were acquired by Tishman Speyer for 5.4 billion U.S. dollars, but ultimately handed over to the creditors.

Known management objects are the Chrysler Building in New York City, Rockefeller Center and the CitySpire Center, continues to be the North tower in Sao Paulo, Brazil, some of the Millbank Tower in London.

A recent project in London is the renovation of the Fleetway House, which is now known as Nexus Place. Nexus Place was purchased in 2007 and greatly expanded and remodeled. The New York Lipstick Building was purchased in 2004 by Tishman Speyer, together with other investors and sold in 2007 for 650 million dollars again.

Since 2005, Tishman Speyer is involved in three of the largest real estate transactions in U.S. history:

  • The purchase of the building 666 Fifth Avenue for 1.8 billion U.S. dollars, the largest home purchase of a single object in U.S. history
  • The purchase of the MetLife Building for $ 1.72 billion, which represented the previous record price for a single property
  • The purchase of Stuyvesant Town and Peter Cooper Village for 5.4 billion U.S. dollars; Both settlements include 110 buildings with 11,200 apartments. This was again the largest real estate business with a buyer and seller in the U.S. history. In January 2010, this project failed.

Prizes and awards

  • 2004 Henry C. Turner Prize for Innovation in Construction Technology of the " National Building Museum "
Types of business entity Europe (disambiguation) Tishman Realty & Construction
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