JINGDONG Property, the infrastructure investment and asset management arm of JD.com, has acquired a logistics property near Leicester.
The portfolio includes two large warehouses totalling more than 231,000 sq ft, along with an adjacent greenfield site capable of being developed into up to 678,000 sq ft of industrial and logistics space.
The acquisition builds on JINGDONG Property’s UK entry in 2022, when it acquired a 361,000 sq ft warehouse in Milton Keynes.
The deal brings the company’s total warehouse footprint in the UK to 3.93m sq ft.
Kai-yan Lee, regional CEO for JINGDONG Property Europe and the Americas, said: “Our new UK investment strengthens JINGDONG Property’s investment footprint in the market, and reflects our long-term commitment to supporting regional economic development and enhancing the local supply chain ecosystem as one of the most active industrial and logistics investment managers in the market.
“The assets will benefit from JINGDONG Property’s strong expertise in developing, operating and managing industrial and logistics space, ensuring the delivery of best-in-class industrial warehousing infrastructure and services that support the evolving needs of both the existing and future occupiers.”
The greenfield site is planned for development into Grade-A logistics space.
Dentons were legal advisers, with BDO providing tax and corporate finance advisory, and Colliers acting as technical adviser.