TISHMAN Speyer Office Fund has revalued 11 properties realising an increase of $US315 million or 27%.
The book value of the fund’s portfolio has increased from $US1.15 billion to $US1.46 billion.
TSO’s chief executive Tom Feldstein said the property valuations reflect a marked increase in
“The shift reflects both improving property fundamentals and continuing demand for quality real estate, evident in a number of large portfolio transactions announced recently,” he concluded.
Australian Property Journal
