Four spec warehouses for Coventry
Hot on the heels of acquiring the 52-acre part developed Apollo logistics scheme at Ansty Park in Coventry earlier this summer, Jingdong Property has announced that it will develop four new warehouses on a speculative basis.
By Liza Helps Property Editor Logistics Matters
THE FOUR new speculative units will range in size from 116,000 to 300,000 ft2 targeting BREEAM Excellent and an EPC A rating.
ESG is at the heart of the scheme, with roof-mounted PV arrays and EV charging points being provided as part of the base build. The new units are expected to be available for occupation from January to March 2024.
Jingdong Property, purchased Apollo as part of the Project Venus portfolio, in July this year. The 1.1 million ft2 first and second phases of Ansty Park, which were part developed, are, according to property analyst CoStar’s models, thought to be worth around £180 million of the £248 million portfolio price.
Jingdong Property, is a subsidiary of JD.com, a Fortune Global 500 company and China’s leading e-commerce platform. Jingdong made its UK debut in July 2022 acquiring a 361,00 ft2 warehouse in Milton Keynes from Abrdn.
The first phase of the Apollo scheme comprised two units totalling more than 240,000 ft2, which are fully let.
Cromwell Property Group is the asset manager for Apollo, Ansty Park. Joint agents are Cushman & Wakefield and JLL
Ansty Park is situated near both the M6 and M69 motorways.
