Jul 22, 2022|
JD Property Makes UK Debut by Purchasing Warehouse
by Xiaoqian Han
JD Property Group Corporation, a subsidiary of JD.com, a leading supply chain-based technology and service provider, that focuses on providing infrastructure asset management and solutions for integrated service platforms, has made its first UK transaction with the purchase of a 361,000 square feet warehouse in Milton Keynes from the client of Abrdn.
With a Gross Floor Area (GFA) of over 200 million square feet under management , JD Property Group Corporation’s modern warehouse network covers China, Southeast Asia, and Europe as of now. Collaborating with local partners, JD Property is developing logistics and industrial infrastructure to support enterprises expanding their businesses.
Cen Shen, Head of European Business at JD Property Group Corporation, said: “This investment offers strong rental growth and value creation potential. It also demonstrates our execution capability, as we completed the transaction within 4 weeks even though it is our first investment in the UK. We will continue to invest in prime locations in the UK and Europe over the next few years.”
JD Property Group Corporation was advised by Lambert Smith Hampton (LSH) and Cromwell, while the vendor, a client of Abrdn, was represented by CBRE.
JD Property Group Corporation is a subsidiary of JD.com, a Fortune Global 500 company and China’s leading e-commerce platform. JD Property provides integrated solutions for modernized high-specification warehouses, intelligent industrial parks, intelligent data centers, photovoltaic new energy parks and more for partners from various industries. It leverages a broad range of logistics funds with world-leading capital partners, contributing to a fund platform with over 20 billion RMB in assets under management.