There are few globally recognizable real estate brands but one of them is undoubtedly Tishman Speyer. Most people recognize this name because the company owns some of the most famous buildings in the world including Rockefeller Center in Manhattan. Those in real estate know that Tishman Speyer is an owner and developer of Class A space in 30 markets around the world. Now the famed company is earning more notoriety with its technology investment.

In January 2021, Tishman Speyer created the SPAC TS Innovation Acquisitions Corp. and merged with the smart-lock and building-management software startup Latch Inc. to help the company go public. This valued Latch at $1.56 billion and injected around $450 million into the startup. Latch later joined the Nasdaq with the ticker symbol LTCH. 

Now, the company has just announced a dedicated PropTech VC fund and raised $100 million for its investments. Propmodo spoke to Senior Managing Director Jenny Wong about the move. ““We have a thesis that capital is a commodity, and we are bringing not just capital but strategic value to the table,” she said. Tishman Speyer is a vertically integrated property company so they have a lot of insights about the pain points in the entire life cycle of a building. “Construction tech is really big right now and we see lots of tailwinds, or headwinds depending on how you want to look at it, with the price of materials and labor for construction right now,” she continued. They are also currently very interested in technologies

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