Tishman Speyer Europe fund oversubscribed at €750m

Tishman Speyer has gained €750m (£671m) in equity commitments for its European Real Estate Venture VIII. It received commitments from 20 investors across Europe, Asia and the Americas, exceeding the fund’s target size of €600m. Tishman Speyer said the fund would focus on redeveloping and repositioning high-quality office and mixed-use properties in Europe. It will also consider development opportunities and residential investments. So far, the fund has already invested in a property in Madrid, marking Tishman Speyer’s return to the Spanish market after a decade. It will focus on cities including Berlin, Frankfurt, Hamburg, London, Munich and Paris. Bernard Penaud, head of Europe at Tishman Speyer, said: “The successful closing of our TSEV VIII capital, with commitments in excess of our original target, is a clear indication of the continued strong levels of investor appetite for the first-class opportunities Europe continues to offer. It also recognises our teams’ excellent track record of value creation across the region.” To send feedback, e-mail anna.ward@egi.co.uk or tweet @annaroxelana or @estatesgazette