JD.com and Prime Box secure Northwest Asda facility
JD.com real estate subsidiary JINGDONG Property and Prime Box have paid some £14.235 million for former Asda distribution centre in Wigan.
By Liza Helps, Property Editor, Logistics Matters
THE FACILITY which totals 322,198, is located on the Wheatlea Industrial Estate, and was sold with full vacant possession. Prime Box will act as development manager and, together with JINGDONG Porperty will look to bring forward a full refurbishment of the asset.
The deal forms part of Prime Box’s strategy to acquire and reposition assets across the UK.
Colliers’ Industrial & Logistics team has represented Asda in the sale. Rock Real Estate and ACRE Capital Real Estate advised Prime Box.
