Tishman Speyer Announces Largest Lease Transaction in Firm’s History | Announcements | Tishman Speyer


Tishman Speyer Announces Largest Lease Transaction in Firm’s History

Brasília, Brazil December 18, 2013

Leading global real estate developer and owner Tishman Speyer today announced that Banco do Brasil has completed a lease agreement to consolidate its headquarters at Green Towers Brasilia, which is currently under development. The agreement calls for the giant financial institution to move into the project’s three office towers as they are completed in 2014, 2015 and 2016.

The lease totals 88,514 square meters – approximately 953,000 square feet – and is the largest ever signed by Tishman Speyer.

The Green Towers Brasilia project, designed by internationally-renowned Arquitetonica, is located in Brasilia’s Federal District, immediately north of other banking sector facilities and only minutes from the region’s international airport. When completed, the project promises to be the Brazilian capital’s most striking business setting. It will be the first LEED-registered sustainable Class AAA project in the nation’s capital and will feature the largest green wall of its kind in Latin America, soaring over 197 feet.

The transaction announced today follows another large lease commencement in São Paulo, with Itaú BBA, the investment bank of group Itaú Unibanco, recently moving into 25,686 square meters – approximately 276,000 square feet – of office space at Tishman Speyer’s Faria Lima development.

“We are extremely pleased to welcome Banco do Brasil as our sole office tenant at Green Towers Brasilia,” said Tishman Speyer Co-CEOs Jerry and Rob Speyer. “We continue to seek world-class companies as anchor tenants at our major development projects throughout the world. Banco do Brasil and Itaú BBA are leading financial institutions in one of the world’s most dynamic economies and we look forward to serving their needs going forward.”

About Tishman Speyer (www.tishmanspeyer.com)
Tishman Speyer is one of the leading developers, owners, operators, and asset managers of first class real estate worldwide.  Active across North America, Europe, South America and Asia, Tishman Speyer is relied upon by many of the world's most prestigious corporations to meet their office space needs.  As of June 30, 2013, the firm had acquired, developed and/or managed a portfolio of over 123 million sq. ft. with a total value of approximately USD $64.8 billion since its founding in 1978.  Signature assets include New York's Rockefeller Center and the Chrysler Center, São Paulo's Torre Norte, Ventura Corporate Towers in Rio de Janeiro, and OpernTurm in Frankfurt.  Tishman Speyer also has projects at different stages of development currently in Brasília, Chengdu, Frankfurt, Gurgaon, Hyderabad, Paris, Rio de Janeiro, San Francisco, São Paulo, Shanghai, Suzhou and Tianjin.