IMCO and Tishman Speyer Form Investment Partnership

From left: Jean Michel and Rob Speyer

NEW YORK CITY—The Investment Management Corporation of Ontario and Tishman Speyer have formed a joint venture to create a portfolio of new developments and repositioned office and multifamily properties in major US gateway cities.

With IMCO’s initial commitment of $500 million and additional co-investment opportunities of $250 million, IMCO and Tishman Speyer will jointly acquire and develop property in major supply-constrained US markets. Locations will include New York, Washington, Boston, Los Angeles, San Francisco, Chicago and Seattle. The joint venture will invest in new development opportunities and well-located office and multi-residential assets in need of renovation, and convert them into modern, Class A properties.