Feb 8, 2023|
JD Property and Harvest’s REIT lists on the Shanghai Stock Exchange
Harvest & JD Storage Logistics REIT (Fund Code: 508098), a real estate investment trust (REIT) operated and managed by JD Property, a subsidiary under JD.com, officially listed on the Shanghai Stock Exchange on Feb. 8. The REIT raised RMB 1.757 billion yuan with off-line allotment reaching 126.04 in over-subscription multiples. It is China’s first public warehousing and logistics REIT issued by a private company.
The assets of the REIT include three logistics parks located in Langfang, Wuhan, and Chongqing, covering a total floor area of 350,995 square meters. All three are scarce high-standard warehouses that represent the highest level of warehouses in China in terms of scale and automation, offering reliable profitability and a strong capability to fend off risks. The occupancy rates of these three parks are all 100 percent, with average leasing terms reaching five years, higher than the industry average of three years.
JD Property provides integrated services for industrial infrastructure development and asset management, and owns all of JD.com’s self-built logistics facilities. As of now, JD Property’s modern warehousing network has been deployed in 29 provincial-level administrative regions across China, with a total area of over 20 million square meters under management. The company also runs 24 projects in Southeast Asia and other regions overseas.
Wei Hu, Senior Vice President of JD.com and CEO of JD Property; Zhonglei Wang, a JD Property employee of the Langfang logistics park project; Chun Yang, a JD Property employee of the Chongqing logistics park project; Xuejun Zhao, Chairman of Harvest Fund; Lingfei Lu, CMO of Harvest Fund, and Yijun Wang, Head of Infrastructure Investment Management Department of Harvest Fund, rang the listing gong together at the ceremony.
Sandy Xu, CFO of JD.com said: “JD.com’s development is rooted in the real economy, as it grows in and serves the real economy. The value of the company’s supply chain infrastructure is recognized by various sectors of society including investors.” She added, “As the first private warehousing and logistics REIT, Harvest JD Warehousing Infrastructure REIT will greatly stimulate and enhance the vitality and confidence of the private sector to invest in supply chain infrastructure, and help to promote the digitalization, networking and intelligentization of the warehousing and logistics industry. JD.com will also unswervingly promote the construction of supply chain infrastructure.”
Sep 27, 2024|
JINGDONG Property, Inc Adds New Logistics Infrastructure in Hong Kong
JINGDONG Property, Inc. (“JDP”), a leading and rapidly growing modern infrastructure investment and asset management platform of JD.com, has successfully completed the acquisition of LiFung Centre in Hong Kong, a 487,350 square feet logistics property.
“We are pleased with the addition of this logistics infrastructure in Hong Kong. It reflects our team’s ability to source and complete transactions efficiently, and we are well-positioned to continue expanding our business across the region,” said Cao Dong, CEO of JDP.
“We are excited about this institutional-quality property, strategically located in a convenient, last-mile neighborhood. We believe this project will continue to deliver efficient and reliable logistics services to Hong Kong. This investment allows us to benefit from secular growth trends while interest rates are moderating. We will continue to actively explore other opportunities in key markets across Asia Pacific,” commented Richard Law, Head of Asia Pacific at JDP.
About JINGDONG Property, lnc.
JINGDONG Property, Inc. (www.jdp.com.cn) is a leading and rapidly growing modern infrastructure investment and asset management platform of JD.com. Its business includes investment, development and asset management of logistics parks, business parks, data centers and others. As the cornerstone of JD.com’s supply chain ecosystem, JDP is equipped with deep insights into merchandise and logistics flows and has a unique ability to integrate business resources. We are well-positioned to serve consumption-driven demand and transform local economies. Leveraging our core competencies across infrastructure assets, development expertise, service capabilities and actionable insights, we provide bespoke, holistic and intelligent infrastructure solutions, continuously expanding our customer base in third-party logistics, e-commerce, manufacturing, retail, and other new economy industries.
May 9, 2024|
JINGDONG Property Continues Global Expansion with Key Overseas Projects
JINGDONG Property (also known as JDP, or JD Property), a leading and fastest-growing modern logistics infrastructure development and management platform, has made significant strides in expanding its global footprint, marking its presence in Europe and Asia Pacific with 39 projects. This growth highlights JDP’s ability to rapidly establish modern logistics infrastructure in new markets.
JINGDONG Property’s entry into Europe began in mid-2022 with the acquisition of a 361,000-square-foot warehouse in Milton Keynes, marking its first transaction in the U.K. In late 2023, JDP further solidified its U.K. presence by acquiring a state-of-the-art logistics warehouse in Preston. Positioned near major logistics nodes, this newly built warehouse showcases JDP’s commitment to environmental sustainability with features such as substantial EV parking, a seven-acre ecological area, BREEAM excellence certification, 15m eaves height, and 50 docks, making it a prime hub for industrial activities.
In late 2022, JDP also ventured into The Netherlands with a smart logistics park in Utrecht’s ‘Lage Weide’ business park. Ideal for national, regional, and last-mile distribution, this park is close to essential transport routes and features 64 loading docks, 213 parking spaces, and solar panels, furthering JDP’s commitment to sustainable logistics and efficiency.
Another key milestone was the investment in the first and second phases of Apollo, Ansty Park in mid-2023. This development, located 10 miles northeast of Coventry City Centre in the U.K., is now a prime example of a Grade A property within JDP’s portfolio, specifically designed to support the logistics and manufacturing sectors. Apollo comprises seven units across two phases, with the first three units completed in early 2023 and fully let. These units are recognized for their sustainability, achieving BREEAM Excellent and EPC A ratings. The second phase includes four recently new completed units, designed to meet high sustainability and efficiency standards, featuring renewable energy sources like rooftop solar panels and electric vehicle charging stations.
The completion of the Apollo project has significantly improved logistics and transportation efficiency in the region, providing easy access to the U.K.’s motorway network. This strategic location, combined with a focus on green and sustainable practices, not only lowers operational costs but also boosts efficiency for businesses operating within Apollo.
Additionally, JDP’s growth in Asia Pacific was marked by a recent completion of a modern logistics warehouse in Indonesia, located in the Jababeka Industrial Estate next to the Cikarang Dry Port area. With 23,000 square meters of leasable area, this facility adopts a flow-through design warehouse model equipped with high-standard features for optimal logistics operations.
JDP’s overseas projects have attracted partnerships with notable international and local companies, contributing to the development of a high-quality industrial cluster in the area. Looking ahead, JDP is committed to further expanding its global footprint, with a focus on delivering customized logistics infrastructure that meets the diverse needs of businesses expanding internationally.
JD Logistics Helps Malaysian Baby and Maternal Brand Improve Fulfillment Efficiency
