DLA Piper has advised JD Property, a leading infrastructure investment and asset management platform which is part of the Chinese e-commerce company JD.com, on its acquisition of the LiFung Center. JD Property acquired the 487,350 square foot logistics property located in Shatin, Hong Kong from London-based firm M&G Real Estate.

The asset, an institutional-quality property, strategically located in a convenient neighborhood, attracted multiple bidders over a 12 month sales process. The project is expected to continue delivering efficient and reliable logistical services to Hong Kong.

JD Property’s business includes investment, development and asset management of logistics parks, business parks, data centers and others. The LiFung Center is its latest logistics acquisition as it continues to expand its footprint across Asia Pacific and Europe. Last year JD Property acquired a portfolio of five logistics assets in Singapore. The company has also been active on the development side in Southeast Asia, and outside of Asia it has made a series of acquisitions in Europe, including several properties in the UK, as well as the Netherlands.

The transaction was led by Hong Kong-based Real Estate partner Susheela Rivers and Corporate partner James Chang, based in Beijing. They were supported by senior associates Kenneth Lee and Wenhong You, and associate Hayley Leung. Kenneth and Hayley are members of the Real Estate practice and based in Hong Kong, while Wenhong is part of the Corporate team in Shanghai.

Commenting on the deal, Susheela said: “We have a strong track record of representing firms on significant landmark acquisitions. JD Property is an exciting and rapidly growing company and this transaction underscores its strategic vision to increase its portfolio in key markets across Asia and Europe. We look forward to supporting JD Property in its future endeavors.”