JD.com, a leading supply chain-based technology and service provider, through subsidiary JD Property Group Corporation, has made its first UK transaction with the purchase of a 361,000-sqft warehouse in Milton Keynes from the client of Abrdn.
JD Property Group Corporation, which develop logistics and industrial infrastructure, has a combined gross floor area (GFA) of over 200 million square feet under management, with a warehouse network that covers China, Southeast Asia, and Europe.
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.