JD Property Group Corporation, a subsidiary of Chinese e-commerce platform JD.com, has made its foray into the United Kingdom with the purchase of a 361,000-square feet warehouse in Milton Keynes, located approximately 50 miles northwest of London. 

 Photo: JD Property

In its announcement, JD noted that 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 also developing logistics and industrial infrastructure to support enterprises expanding their businesses.

Further investments in the UK, Europe eyed

"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," said Cen Shen, head of European Business at JD Property Group Corporation.

"We will continue to invest in prime locations in the UK and Europe over the next few years," Shen added.
 
JD noted that JD Property Group Corporation was advised by Lambert Smith Hampton (LSH) and Cromwell, while the vendor, a client of Abrdn, was represented by CBRE.