Artist’s Conception of The Springs
As foreign developers have raced to participate in the Chinese growth miracle, few have been more aggressive than Tishman Speyer Properties LP, which has invested some $3 billion since 2006.
Now as the Chinese economy appears to be cooling and some analysts warn of vacancies in so-called ghost cities, Tishman Speyer shows no sign of retreat.
The New York developer is making a particularly large bet on the office market. The firm is building The Springs, a mixed-use project in Shanghai, which will be its signature project in China and already has lured a sprawling Nike Inc. NKE -0.22% campus as an anchor tenant.
Leave a Reply