JINGDONG Property, a leading infrastructure investment and asset management company and a part of JD.com, Inc., today announced the acquisition of a logistics property outside Leicester. The portfolio includes two ‘big-box’ warehouses with an area of over 231,000 sq ft (~21,500 sqm) and an adjacent ‘oven-ready’ greenfield site that can be developed into modern industrial and logistics space of up to 678,000 sq ft (~63,000 sqm).
JINGDONG Property’s entry into UK began in 2022 with the acquisition of a 361,000 sq ft (~33,500 sqm) warehouse in Milton Keynes. With this new acquisition, the total warehouse footprint in the UK of JINGDONG Property will be expanded to nearly 3,930,000 sq ft (~365,000 sqm).
Strategically located in the UK’s logistics ‘Golden Triangle’ , close to Leicester the largest city in the East Midlands of England, the asset is well connected to the M1 and M69 motorways and offers access to a population of nearly one million within 20KM radius and 90% of UK population within 4 hours.
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 newly acquired greenfield asset will be developed into a modern Grade-A logistics space, supporting occupiers seeking advanced, efficient, and well-located warehousing solutions. The existing warehouses have been developed to high ESG standards, featuring BREEAM Excellent and EPC A ratings, EV charging infrastructure, cladding insulation with a BREEAM Green Guide ‘A+’ rating, and the flexibility to install rooftop solar PV systems.
The transaction was supported by Dentons, as legal advisors, BDO who provided tax and corporate finance advisory services and Colliers who acted as technical adviser.
