SC Capital Partners, THi to develop industrial facility in Suzhou
SC Capital Partners has invested over US$1.2 billion (S$1.6 billion) in industrial, logistics and data centre assets across the Asia Pacific region.
SC Capital Partners, a Singapore-based private equity real estate firm, alongside Shanghai-based industrial and logistics developer THi Holding Management Corp., have recently acquired an industrial land in China’s Suzhou Industrial Park. This rectangular area is spanning over 50,000 sq m (538,196 sq ft).
The high-end manufacturers will benefit once the development of the project comes to fruition, offering a Grade-A industrial facility that covers over 103,000 sq m (1.1 million sq ft). Moreover, the rooftop will be supplied with solar panels.
This partnership is SC Capital Partners’ second venture in the manufacturing and logistics hub, such as Suzhou Industrial Park. Zero Point, an electric vehicle battery pack company, is secured as the anchor tenant.
Sarah Hu, director and general manager of THi Management, is positive about the situation, …