Rotterdam (April 11, 2023) – Global real estate company Jamestown today announced that international energy company Q8 has signed a lease for a 2,800 SqM office space at Rotterdam’s iconic Groot Handelsgebouw (GHG), one of the largest multi-tenant business buildings in the Netherlands. Q8 will locate its Retail, Cards and Support Services departments at GHG, as well as its European headquarters, with employees set to move there after summer 2023.
In addition, Jamestown is expanding the Kleinhandel co-working space at GHG. Phase one of the expansion saw approximately 600 SqM completed in February, let to seven new tenants. The second phase of the expansion is underway, with an additional 250 SqM due for completion in June. The retention rate at Kleinhandel is now more than 95%.
In addition to the expansions at Kleinhandel, social media agency Somention and federation of housing associations Maaskoepel recently expanded their spaces at GHG by 260 SqM and 240 SqM respectively. Jamestown has also signed contract renewals with long-standing tenants Esri, a software company, and architects Neutelings Riedijk.
“Groot Handelsgebouw originated as a launching pad for Dutch products to the world,” said Michael Phillips, President of Jamestown. “As the Groot Handelsgebouw community grows, it is becoming a flourishing innovation hub for local and international companies, extending its legacy for a new generation.”
Acquired by Jamestown in 2019, GHG is home to more than 450 companies and offices. The 122,000-SqM building is increasingly becoming a hub for art and creativity. Jamestown brought the Collision Project -which connects artists to site-specific public art opportunities – to GHG for its European debut in 2020, and dozens of artists have since created original works of art with GHG as their canvas.
Jamestown has been creating inspiring locations for 40 years. In Europe, the company has assets under management of €1.1 billion (as per 31 December 2022), with its properties including several buildings in Amsterdam’s up-and-coming Schinkel District, and assets in Lisbon and Cologne.
About Jamestown
Jamestown is a global, design-focused real estate investment and management firm with a 40-year track record and mission to create places that inspire. Since its founding in 1983, Jamestown has executed transactions totaling approximately $40 billion. As of December 31, 2022, Jamestown has assets under management of $13.2 billion and a portfolio spanning key markets throughout the U.S., Latin America, and Europe. Jamestown employs more than 500 people worldwide with headquarters in Atlanta and Cologne, and offices in Amsterdam, Bogotá, Boston, London, Los Angeles, Madrid, New York, San Francisco, and Washington, D.C. Current and previous projects include One Times Square and Chelsea Market in New York, Industry City in Brooklyn, Ponce City Market in Atlanta, Ghirardelli Square in San Francisco, the Innovation and Design Buildings in Boston and Lisbon, and Groot Handelsgebouw in Rotterdam. For more information, visit www.jamestownlp.com.
