Tishman Speyer vende a DEKA il progetto a uffici “Verde SW1” a Londra

Tishman Speyer, one of the world’s leading developers, owners,

operators and asset managers of first-class real estate, today announced the sale of Verde SW1, a

world-class mixed-use property in London’s West End, to Deka Immobilien for an undisclosed

amount.

Tishman Speyer acquired the building from LandSec in 2012 in a joint venture with the Public Sector

Pension Investment Board of Canada (PSP Investments). It obtained planning permission for an

extension of the property from 258,000 square feet to nearly 320,000 square feet.

Today, Verde SW1 comprises 318,000 rentable square feet spread over 10 office floors, five of which

have their own roof terraces, prime street-level retail, and a large communal roof terrace for the

whole building. Verde SW1 was developed to the highest environmental and sustainability

standards, and designed to create an efficient space for businesses to thrive and a harmonious

environment for employees to enjoy top-of-the-line amenities. It is strategically located in the centre

of London’s West End and is within 100 metres of a new entrance to Victoria Station, one of

London’s busiest transportation hubs.

The redevelopment was completed in January 2017, by which time it was already 65% pre-let with

the remainder of the building being successfully leased in the following 12 months. Tenants include

PA Consulting, Oaktree Capital Management, TP ICAP, Pret A Manger, Mirabaud, Carwow, and RWC

Partners, as well as a large Waitrose supermarket. The best-in-class and innovative cycling facilities

are run by H2, who also operate a gym in the basement.

Verde SW1 won the award for Best Office Architecture (London) and Office Development (UK) at the

2017-2018 UK Property Awards last October. It also won the Office Agents Society’s Best West End

Refurbishment/Regeneration award in June 2018.

“This is a prime example of how Tishman Speyer can take a previously unloved property and

redevelop it to the very highest standards, adding amenity and character, which in turn attracts

world-class tenants,” said Dan Nicholson, Managing Director of Tishman Speyer UK. “This sale marks

a further milestone for Tishman Speyer in the London office market, a success story which began

over 20 years ago. It is also another fine example of our continuing and fruitful global relationship

with PSP Investments.”

“The success of Verde SW1 is a true example of PSP Investments’ ability to continually identify

emerging sectors and locations early on and execute on tactical and creative business plans

alongside our partners,” said Stéphane Jalbert, Managing Director, Real Estate (Europe and Asia

Pacific) PSP Investments. “This best-in-class redeveloped site is a true testament to our strong

continued partnership with Tishman Speyer and the achievement of a shared vision. Furthermore,

we established our European headquarters in Verde SW1 in May 2017, complementing our belief in

the property and location.”

Verde SW1 is one of four major property acquisitions or developments for Tishman Speyer in

London. The portfolio includes The Point in Paddington, 33 Holborn and The Smithson Plaza in St

James’s.

About Tishman Speyer

Tishman Speyer is a leading owner, developer, operator and fund manager of first-class real estate

around the world. Founded in 1978, Tishman Speyer is active across the United States, Europe, Latin

America and Asia, building and managing premier office, residential and retail space in 28 key global

markets for industry-leading tenants. The firm has acquired, developed and operated a portfolio of

over 167 million square feet with a total value of approximately US $88 billion spread over 406

assets. Signature assets include New York City’s Rockefeller Center, São Paulo’s Torre Norte, The

Springs in Shanghai, Lumière in Paris and OpernTurm as well as TaunusTurm in Frankfurt. Tishman

Speyer currently has projects at different stages of development in Boston, Brasília, Frankfurt,

Gurgaon, Hyderabad, Los Angeles, New York City, Paris, Rio de Janeiro, San Francisco, São Paulo,

Shanghai, Shenzhen and Washington, DC. The firm also operates portfolios of prominent office

property portfolios in Berlin, Chicago and London.

About PSP Investment

The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension

investment managers with CAD$153 billion of net assets as of March 31, 2018. It manages a

diversified global portfolio composed of investments in public financial markets, private equity, real

estate, infrastructure, natural resources and private debt. Established in 1999, PSP Investments

manages net contributions to the pension funds of the federal Public Service, the Canadian Forces,

the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP

Investments has its principal business office in Montréal and offices in New York and London.

 

Source : Tishman Speyer

Testata giornalistica non registrata ai sensi dell’Art.3 bis del D.L. 18 maggio 2012, n. 63 convertito in Legge 16.07.2012 n°103

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