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 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 million sq ft) of net lettable area. Additionally, the rooftops of this facility will be equipped with solar panels.
Some of the advantages of the purchase include SC Capital Partners’ increased investment in China’s industrial and logistics sector. The firm has reportedly purchased properties worth in excess of $100 million across eight cities in China. With the latest acquisition, the firm now has more than 123,000 sq m (1.3 million sq ft) of modern industrial and logistics property under management.
Suchad Chiaranussati, chairman and founder of SC Capital Partners, declared that this transaction strengthens collaborations and introduces growth opportunities in the industrial and logistics sector in the Yangtze River Delta. Sarah Hu, director and general manager of THi Management, expressed her confidence in regional industrial and logistics asset demand. Hu concluded that “Working with strategic partners who have established connections and expertise on the ground is essential for the successful execution of strategies for investment managers.”
SC Capital Partners’ latest purchase of industrial land in Suzhou Industrial Park marks its second investment in the manufacturing and logistics hub. In addition to the high-end facilities and secure tenants expected to come out of this acquisition, SC Capital Partners and THi have created new investment opportunities in the Yangtze River Delta region.