Jamestown makes first German property acquisition

Jamestown has acquired three historic office buildings in the up-and-coming Mülheim area of Cologne, Germany — the city that is home to Jamestown’s European headquarters.

The acquisition marks the firm’s first-ever acquisition in Germany, and its second in Europe in less than a year. Formerly an industrial neighborhood, Mülheim has, during the past decade, become a thriving area of redevelopment that attracts companies seeking creative spaces. Constructed between 1890 and 1914, the buildings at Schanzenstrasse 22, 24 and 28 are home to a mix of multi-media and entertainment companies, including prominent television production company Brainpool TV. The 1.13 million-square-foot portfolio has a blend of post-industrial architecture. Jamestown purchased the buildings with two institutional investors from a group of private investors.

“We have been investing in U.S. real estate from Cologne for 37 years. Our first project in Germany is an important milestone for J