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Jamestown acquires Netherlands mixed-use property for €289M

Atlanta-based real estate investment and management company Jamestown LP bought the 122,000-square-meter Groot Handelsgebouw mixed-use property in Rotterdam, Netherlands, for €289 million.

The asset was sold by an investment vehicle managed by HighBrook Investment Management LP, and the deal marks Jamestown's first large format acquisition in Europe.

The property, built in 1953, houses more than 450 businesses.

HighBrook had paid roughly €169 million for the asset in an off-market deal in July 2018.

HighBrook was advised on the transaction by Jones Day, Loyens & Loeff and Equity Estate. Jamestown was advised by Greenberg Traurig.