Hana Financial, Tishman Speyer form partnership for ESG real estate investment

Hana, Tishman Speyer form partnership for global ESG real estate investment

South Korea-based Hana Financial Group has signed a strategic business agreement with Tishman Speyer, a real estate investment company, for global ESG-linked real estate investment.

Hana Financial Group and Tishman Speyer will jointly discover various high-quality investment opportunities in the US, Europe, and Asia and invest up to US$500 million over the next two years.

In particular, the investment decision will be made by comprehensively reviewing various ESG-related factors such as energy efficiency and resource consumption reduction of the target real estate.

In addition, the companies plans to invest in life science research facilities, which are in high demand due to the prolonged COVID-19, and bio-manufacturing facilities capable of mass production of medical devices and drugs.

At the MOU ceremony, Hana Financial Group Vice President Lee Jong-seung said, “ Tishman Speyer is a company with expertise in real estate projects with sovereign wealth funds and pension funds from around the world. We will strive to achieve the group’s ESG vision ‘Big Step for Tomorrow’ that pursues the happiness of all members of society.”

Rob Speyer, CEO of Tishman Speyer, said, “Sharing the same passion for innovation and participating in projects for community development, both companies will work together to improve the quality of life of people in the global region. It will be a good foundation to achieve.”