SC Capital Partners, THi to develop industrial facility in Suzhou
SC Capital Partners is a diversified real estate private equity firm that has set up a series of funds of varying mandates, catering to a wide range of investors and strategies.
SC Capital Partners, a private equity real estate firm based out of Singapore, and Shanghai-based industrial and logistics developer THi Holding Management Corp. have jointly acquired an industrial land in China’s Suzhou Industrial Park. The site measures over 50,000 sq m (538,196 sq ft) and the two partners are intent on developing the project into a Grade-A industrial facility targeting high-end manufacturers.
This acquisition is the second transaction carried out by the partners in Suzhou Industrial Park and marks an important milestone in their collaboration, one that will help the fund’s pursue growth opportunities in the industrial and logistics sector at the Yangtze River Delta. The completed facility will provide over 103,000 sq m (1.1 million sq ft) in net lettable area, with the rooftops equipped with solar panels. As the project’s anchor tenant, Zero Point, an electric vehicle battery pack company, has been secured
Suchad Chiaranussati, Chairman and Founder of SC Capital Partners, said that this transation “strengthens their collaboration and is an excellent addition to the team’s opportunistic fund series, which invests in the developed markets in the Asia Pacific”.
Sarah Hu, Director and General Manager of THi Management, added that demand for regional industrial and logistics assets is expected to remain resilient and further highlighted the importance of collaboration with strategic partners who have established connections and expertise on the ground.
SC Capital Partners is a diversified real estate private equity firm that has set up a series of funds of varying mandates, catering to a wide range of investors and strategies.…