Chinese e-commerce specialist leases Wolverhampton warehouse
Chinese e-commerce specialist EDa Group taken investor Oxenwood’s refurbished warehouse Citadel 324 in Wolverhampton on the West Midlands.
By Liza Helps, Property Editor, Logistics Matters
THE COMPANY is believed to have secured a 10-year lease on the 324,366 ft2 building, which it will use to expand its business in the UK.
The EPC A rated property boasts 12m eaves, 28 dock and four level access doors as well as 1Mva power supply.
EDA Group was established in 2014 and is a technology enterprise specializing in cross-border e-commerce services with an “Internet + Overseas Warehouse” model.
It has some 60+ warehouses totalling more than eight million ft2 across the globe including facilities in the United States, Germany, Canada, Australia, as well as the UK.
Last year it secured a 10-year lease on a 169,000 ft2 warehouse in Halesfield, Shropshire for a rent over the lease period of £8.2 million.
Joint agents on Citadel 324 are Box 4 Real Estate, JLL and Cushman & Wakefield.
