JD.com secures another Midlands logistics facility
Chinese international online retail and logistics conglomerate JD.com’s property arm Jingdong Property has signed a development agreement with UK developer Newlands Developments for the delivery a new 250,000 ft2 logistics facility at Coton Park, Rugby.
By Liza Helps, Property Editor, Logistics Matters
THE FACILITY will target BREEAM Excellent and a EPCA+ rating. The scheme will also facilitate Biodiversity Net Gain and other on-site habitat creation, as well as contributing towards wider local infrastructure upgrades, including a contribution towards local cycling initiatives.
A spokesperson for Newlands Developments said: “The development will deliver real economic and community benefits, new jobs, new investment, and new opportunities for the surrounding area. These benefits will be boosted by an industry-leading employment and skills plan that champions local opportunities.
A spokesperson for JINGDONG Property said: “This acquisition reflects our continued confidence in the region and our commitment to supporting clients with operations across the UK.
”Looking ahead, we aim to further strengthen our presence in the European market by exploring new partnerships and driving innovation in our services, delivering efficient and reliable supply chain solutions while creating long term value for our partners.”
Agents Cushman & Wakefield, Savills, Wallis Real Estate, and Lambert Smith Hampton, advised on the deal.
Jingdong Property entered the UK Market in mid 2022 with the acquisition of a 361,000 ft2 logistics facility in Milton Keynes . A year later it secured the first and second phases of Apollo, Ansty Park near Coventry comprising seven units across two phases. The first three units were completed in early 2023 and fully let. These units achieved BREEAM Excellent and EPC A ratings. The second phase of four units, completed in 2024.
