Tishman Speyer Doubles Down on China | News | Tishman Speyer
Tishman Speyer Doubles Down on ChinaThe Wall Street Journal January 7, 2014
New York Developer Bets Big on Office Market Despite Signs of a Cooling Economy. As foreign developers have raced to participate in the Chinese growth miracle, few have been more aggressive than Tishman Speyer Properties LP, which has invested some $3 billion since 2006. Now as the Chinese economy appears to be cooling and some analysts warn of vacancies in so-called ghost cities, Tishman Speyer shows no sign of retreat.
The New York developer is making a particularly large bet on the office market. The firm is building The Springs, a mixed-use project in Shanghai, which will be its signature project in China and already has lured a sprawling Nike Inc. campus as an office tenant.Read the full article