Tishman Speyer Adds Jerry Park to South Korea Office

Tishman Speyer Continues to Build Out its Asia-Pacific Platform as Part of Growth and Diversification Strategy in the Region

Tishman Speyer today announced that real estate investment professional Jerry Hyunjae Park is joining the firm’s recently-established office in Seoul, South Korea in mid-June. As Senior Director of Acquisitions, Park will help Tishman Speyer build out a diverse portfolio of assets in the Asia Pacific region beyond the firm’s already extensive portfolio in China and India.

A native of South Korea, Park has spent more than a decade immersed in real estate investment, development, operations, consulting and capital raising in the region. In his new role, Park will source and execute new investment opportunities across a wide range of asset classes, including the office, retail, industrial, life sciences and multifamily sectors.

Over the past five years, Park served as Executive Director for Acquisitions and Development at D&D Investment, a wholly owned subsidiary of SK D&D, which Park co-founded and helped grow into a top-tier real estate manager. During his tenure, Park structured, underwrote and managed the development of nine investments valued at more than KRW 2 trillion collectively. He also was the first to raise foreign capital for a rental residential strategy in Korea.

Prior to D&D Investment, Park served as a Global Portfolio Manager for National Pension Service of Korea (NPS). In this capacity, he structured and executed investments worth approximately KRW 3 trillion. Highlights included direct investments in prime Hong Kong and Paris office properties, a retail mall in Shanghai, and a medical office portfolio in the U.S. He also underwrote and managed fund investments in European residential and commercial properties. A graduate of Korea University with a major in Economics, Park also previously served as a Fund Manager at Mirae Asset Global Investment and a Senior Associate at PricewaterhouseCoopers Korea.

Park will report to Managing Director, Graham Mackie, who was appointed in June 2022 to spearhead Tishman Speyer’s Asia Pacific expansion beyond its long-established operations in China and India.

“Having spent the past year building out our Asia Pacific platform, we are now actively pursuing our growth strategy in the region,” said Mackie. “Given his deep roots and strong local relationships, along with his wealth of experience across a wide spectrum of investment vehicles and real estate sectors, Jerry is the right person to help us source and secure promising acquisition and new development opportunities.”

Tishman Speyer also recently appointed Adrian Lee as a Senior Director in its Singapore office and is working to add investment professionals to source acquisitions for its offices in Japan and Australia. In each market, Tishman Speyer will focus on core, value-add and opportunistic investments, as well as brown-to-green office refurbishments in the region’s gateway cities.

Earlier in May, Tishman Speyer and Raffles Family Office announced a new partnership to launch the Tishman Speyer/Raffles Family Office APAC Opportunity Fund I, targeting value add and opportunistic investments within key real estate themes such as brown-to-green, living sector, logistics, and special situations, including credit strategies and distressed opportunities.

Tishman Speyer has been active in China for nearly two decades. Led by Senior Managing Director Wilson Chen, the firm’s China portfolio of existing assets and development projects encompasses 15.2 million square feet. Major developments include The Springs in Shanghai, which will feature 10 million square feet of offices, residences, hotels, restaurants, retail, entertainment and cultural venues, and Chang’an Mills, a former Beijing manufacturing plant that has been transformed into a vibrant mixed-use office and retail campus.

In India, Tishman Speyer has developed 5.2 million square feet of mixed-used projects since 2006, including WaveRock, a 2.5 million square foot sustainable office campus in Hyderabad. Tishman Speyer recently entered into a strategic partnership with Axis Asset Management Company on a new fund and strategy to develop office buildings that are future-proof and ecologically efficient across key cities of India. The firm has also entered into a partnership with Ganesh Housing to develop Million Minds, a 1.2 million square foot Special Economic Zone (SEZ) project in Ahmedabad.

About Tishman Speyer

Tishman Speyer is a leading owner, developer, operator and investment manager of first-class real estate in 33 key markets across the United States, Europe, Asia and Latin America. Our portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. With global vision, on-the-ground expertise and a personalized approach, we are unparalleled in our ability to foster innovation, quickly adapt to global and local trends and proactively anticipate our customers’ evolving needs. By focusing on health and wellness, enlightened placemaking and customer-focused initiatives such as our tenant amenities platform, ZO, and our flexible space and co-working brand, Studio, we tend not just to our physical buildings, but to the people who inhabit them on a daily basis. Since our inception in 1978, Tishman Speyer has acquired, developed, and operated 525 properties, totaling 218 million square feet, with a combined value of over $129 billion (U.S.). Our current portfolio includes such iconic assets as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt and the Mission Rock neighborhood currently being realized in San Francisco.