SC Capital Partners Group (“SC Capital Partners”), the Singapore-headquartered private equity real estate firm, and THi Holding Management Corporation (“THi”), the Shanghai-based industrial/logistics developer and operator, have completed the acquisition of a strategic industrial project in Suzhou Industrial Park, Suzhou City, China.
This project marks SC Capital Partners’ second acquisition of an asset in the industrial park, a key manufacturing and logistics hub in the Yangtze River Delta region, one of the most densely populated areas renowned for its sophisticated transportation network. The previously derelict land, a large rectangular plot of over 50,000 sqm in size, was purchased for an undisclosed amount.
SC Capital Partners and THi intend to develop the project into a modern Grade-A industrial facility targeting high-end manufacturers. The completed facility will offer over 103,000 sqm in NLA. An electric vehicle battery pack company, Zero Point, has already been secured as the anchor tenant. Demonstrating a commitment to sustainability and energy efficiency, the development will be constructed to meet LEED Gold certification standards and the rooftops will be equipped with solar
panels.
You can now read the full press release at the link below
