Amsterdam (November 21, 2022) – Global real estate company Jamestown has expanded its European footprint and is welcoming a new set of innovative and sustainable firms to its growing Amsterdam portfolio, as it helps transform the up-and-coming Schinkel district into a vibrant mixed-use neighborhood and epicenter of entrepreneurial activity.
Renewable energy company Sunrock - the largest developer of solar roofs in the Netherlands – has signed a long-term contract for 1,650 m2 on two floors of Jamestown’s A-Factorij in the Schinkel district. Creative digital marketing company Storyteq has agreed to rent 1,325 m2 of creative office space in the same building. A Bigger Circle, Humnn and adm group will take seats in pavilion spaces of around 400 m2 each.
“We are steadily expanding our Dutch footprint with a focus on sustainable, adaptive reuse projects that bring new life to local communities. Our strategy is to create innovative spaces while simultaneously preserving cities’ pasts, and we see strong potential for Schinkel. We are working in partnership with the municipality, tenants and other landlords to create a dynamic mixed-use neighborhood that preserves the industrial nature of the existing buildings,” said Michael Phillips, president of Jamestown.
“Sunrock, Storyteq, A Bigger Circle, Humnn and adm group perfectly match this district, which fuses heritage with modern-day entrepreneurship, and is filled with people driving the next generation of ideas and innovations. Schinkel is becoming an epicenter of activity for a unique mix of makers and entrepreneurs including photographers, furniture makers, artists, architects, designers and marketing and tech professionals,” Phillips adds.
The Schinkel district is transforming from industrial and loft offices to a true mixed-use community with a residential focus. As part of its urban masterplan ‘Schinkelkwartier’, the Amsterdam municipality plans to turn the 247-acre neighborhood into a vibrant, innovative, and sustainable district with international allure.
Jamestown has increased its Schinkel portfolio to 26,077 m2 of lettable area with the acquisitions of a 5,902-m2 former car showroom, an adjacent 885-m2 single-story building at Helicopterstraat 14-16 (H14-16), and a 1,170-m2 portfolio of four fully leased low-rise units.
The company’s assets in this district already included the historic A-Factorij former bicycle factory, home to one of Jamestown’s European offices, and the Helicopterstraat, property comprised of four buildings on Helicopterstraat, Vliegtuigstraat, and Valschermkade.
Jamestown now has €1.1 billion in European assets under management as of September 30, 2022, with a portfolio that includes Rotterdam’s iconic Groot Handelsgebouw, properties in Milan, Lisbon and Cologne, and management of assets in Italy, the Netherlands, Portugal, Spain, and the UK on behalf of E.ON Pension Trust.
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About Jamestown
Jamestown is a global, design-focused real estate investment and management firm with a 39-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 September 30, 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 400 people worldwide with headquarters in Atlanta and Cologne, and offices in Amsterdam, Bogotá, Boston, London, Los Angeles, Madrid, Milan, 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.
