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Tishman Speyer Properties




Tishman Speyer is one of the leading owners, developers, fund managers and operators of real estate in the world, having managed a portfolio of assets since its inception of more than 77 million square feet in major metropolitan across the United States, Europe, Latin America and Asia.

Tishman Speyer’s properties includes such well-known icons as New York City’s Chrysler Building , Rockefeller Center , Lipstick Building , the West 43rd Street home of the New York Times , and CitySpire Center . Internationally, Tishman owns Frankfurt’s MesseTurm , Berlin’s Sony Center and São Paulo’s North Tower. They used to also own London’s Millbank Tower and are still the property manager of the building.

Since 2005 Tishman has been in three of the biggest real estate deals in United States history:

Since May 2007 it has been leading the US$15.5 billion takeover of S&P 500 member Archstone-Smith Trust (), a developer-owner of residential Apartment Building s and the third largest REIT in the United States, in alliance with Lehman Brothers Holdings Inc. () and with capital from investment banks Bank Of America (), Strategic Ventures Inc. and Barclays Capital (). EU inquiry deadline for Tishman Speyer, Lehman Bros buy of Archstone-Smith Oct 3 , forbes.com, AFX News Limited, Thomson Financial, Brussels, 09.03.07

Archstone-Smith shareholders would receive a 22.7% premium over the pre-announcement closing price of the stock.

The European Commission is reviewing the deal under the European Union 's 'simplified' merger review procedure, which applies to mergers and acquisitions that it does not believe pose any competition concerns. The commission has set a deadline of October 3 , 2007 for its inquiry into the deal.


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