Deal typeTransaction Services
IndustryReal Estate
Client nameJD.com
JD.com Inc, through JINGDONG Property, Inc, has acquired 100% of the share capital in Gulf Ventures 7 Limited for an undisclosed amount.
Gulf Ventures 7 Limited owns one logistics asset located in Leicester, United Kingdom, which comprises two 'big-box' warehouses spanning an area of 231,000 sq ft and a greenfield site that can be developed into a Grade A logistics space covering up to 678,000 sq ft. The asset is strategically located in the UK's logistics "Golden Triangle" with its close proximity to Leicester and also to the M1 and M69, putting it within reach of 90% of the 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.”
JINGDONG Property, Inc, also known as JD Property, is a leading and rapidly growing modern infrastructure investment and asset management company of JD.com, Inc. Its business includes investment, development and asset management of logistics parks, business parks, data centres and others.
BDO provided financial and tax due diligence services and SPA review services in support of the transaction.
The project team included:
Transaction Services: Craig Martin, Andrew Porteous, Ross Moore
Tax: Andrew Crossman, Oliver Capper
SPA: Laurence Mills
Gulf Ventures 7 Limited owns one logistics asset located in Leicester, United Kingdom, which comprises two 'big-box' warehouses spanning an area of 231,000 sq ft and a greenfield site that can be developed into a Grade A logistics space covering up to 678,000 sq ft. The asset is strategically located in the UK's logistics "Golden Triangle" with its close proximity to Leicester and also to the M1 and M69, putting it within reach of 90% of the 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.”
JINGDONG Property, Inc, also known as JD Property, is a leading and rapidly growing modern infrastructure investment and asset management company of JD.com, Inc. Its business includes investment, development and asset management of logistics parks, business parks, data centres and others.
BDO provided financial and tax due diligence services and SPA review services in support of the transaction.
The project team included:
Transaction Services: Craig Martin, Andrew Porteous, Ross Moore
Tax: Andrew Crossman, Oliver Capper
SPA: Laurence Mills