‘We grew AUM from $2.8bn to $11.8bn’ – the power of the innovation economy

MIPIM PROPTECH PARIS: Micheal Phillips, president of Atlanta-based investment manager Jamestown, spoke to EG at MIPIM Proptech in Paris about how he has pivoted to grow the business by focusing on investing in spaces that can be turned into innovation hubs.

Some of the firm’s most iconic projects include Chelsea Market in New York, which was sold to Google last year as part of a $5bn package, Industry City in Boston and Ghirardelli Square in San Francisco.

Now Jamestown is also turning its attention to European markets, including Germany and Amsterdam.

Phillips spoke to EG about the strategy he put in place to steer a traditional, 35-year-old real estate investment business into the world of the innovation economy and reveals why Jamestown is exploring the launch of its own fund to run as a pilot in the US.

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