King & Wood Mallesons (KWM) is pleased to have acted for JingDong Property Inc (JDP) on its successful acquisition of the Wacol Logistics Hub for approximately A$250m. The Wacol Logistics Hub is a premium logistics and distribution facility located within one of Brisbane’s prime industrial precincts.
JDP is the infrastructure investment and asset management arm of JD.Com, Inc., a Fortune Global 500 company and a leader in Chinese e-commence, retail, technology and logistics.
The transaction marks JDP’s first industrial infrastructure asset acquisition in Australia and represents a major addition to JDP’s growing presence within the Asia Pacific region.
The multi-disciplinary KWM team was led by partner David Bell and special counsel Matt McKeown with support from senior associate Kathy Tin and solicitors Vanessa Hang, Jack Kraft and Kelly Brosnan. Partner Mandy Tsang and senior associate Rouzbeh Ansari provided specialist insurance support.
Commenting on the transaction, Matt McKeown said:
“We are delighted to have supported the JDP team on this strategic Australian acquisition which also highlights the growing appeal of the sector to international investors. We look forward to continuing to support JDP’s growth across the Asia Pacific region.”
The transaction leverages KWM’s wealth of experience in advising on complex, cross-border M&A transactions including in the real estate and infrastructure sectors.
