News
Chinese Insurance JV Makes First Investment in US
April 8, 2015
Tishman Speyer is helping two Chinese life insurances enter the US real estate fray with investments in a Boston Seaport development. China Life Insurance Group and Ping An Insurance Group have not previously paired up for any real estate investments outside of China. Tishman, which bought the Pier 4 development site last December, will manage the property. Plans for the mixed-use project include a nine-story condo building with 100 units and a 13-story office tower, with retail on the ground level. A statement released by the companies today did not disclose terms of the deal. [Bloomberg]
