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On Thursday 19 December 2019 Jamestown has acquired the Groothandelsgebouw in Rotterdam CBD via a share deal. The real estate price amounts to EUR 289mn. HighBrook Investors and Equity Estate acquired the building in 2018 in an off market transaction, resulting in the delisting of Groothandelsgebouwen N.V.
As of acquisition in 2018 Equity Estate took over the local management team with 10 employees and managed the building until the sale to Jamestown. Following the sale, Jamestown will continue the management with the local management team to ensure a smoot transfer and benefit from the existing experience of the team. Jamestown will employ the team directly.
The Groothandelsgebouw was built in 1953, housing over 450 companies on over 122,000 sqm.
Equity Estate sourced the transaction in 2018, co-invested in the transaction alongside HighBrook Investors, managed the building and advised HighBrook during the divestment to Jamestown.
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