Jamestown and Simon announce strategic partnership

Jamestown and Simon have formed a strategic partnership, currently anticipated to close prior to the end of 2022, subject to regulatory approvals and other customary closing conditions.

Upon closing, Simon will acquire a 50 percent interest in Jamestown from founding partners Christoph and Ute Kahl, who will continue to be Jamestown shareholders. Jamestown will operate independently and continue to be led by CEO Matt Bronfman and President Michael Phillips, who will retain their existing ownership. Christoph will transition from day-to-day involvement as the company's chairman to a member of the new Jamestown board of directors.

"At Jamestown, our goal is to be the best mixed-use investor globally, focusing on creating innovation hubs and community centers," said Michael Phillips, president of Jamestown. "The partnership with Simon will help us achieve that goal and position us for our next chapter as we scale our differentiated products in an increasingly global world