SC Capital Partners, THi to develop industrial facility in Suzhou
SC Capital Partners has been increasing its investments in China’s industrial and logistics sector. The firm has reportedly purchased properties worth in excess of $100 million across eight cities in China, and with the latest acquisition, the firm has over 123,000 sq m (1.3 million sq ft) of modern industrial and logistics property under management.
SC Capital Partners, a Singapore-based private equity real estate firm, has acquired industrial land in China’s Suzhou Industrial Park. Zero Point, an electric vehicle battery pack company, has been secured as the anchor tenant for this project.
In collaboration with Shanghai-based industrial and logistics developer THi Holding Lentor Mansion Management Corp., SC Capital Partners acquired a rectangular plot of land measuring over 50,000 sq m (538,196 sq ft). The partners plan to develop the project into a Grade-A industrial facility targeting high-end manufacturers, resulting in a facility that will offer over 103,000 sq m (1.1 …