SC Capital Partners, THi to develop industrial facility in Suzhou
SC Capital Partners and Shanghai-based industrial and logistics developer THi Holding Management Corp have recently acquired a rectangular industrial land plot measuring over 50,000 sq m (538,196 sq ft). The aim is to develop the project into Grade-A industrial facility targeting high-end manufacturers.
Zero Point, an electric vehicle battery pack company, has been established as the anchor tenant. The completed facility will offer over 103,000 sq m (1.1 million sq ft) in terms of net lettable area and the rooftops will be equipped with solar panels.
This venture marks investor SC Capital Partners’ second investment in Suzhou Industrial Park, an iconic manufacturing and logistics hub in China. Suchad Chiaranussati, chairman and founder of SC Capital Partners, notes that this transaction reinforces the firm’s business collaboration with THi and advances their mutual aspiration of reaping development opportunities in the industrial and logistics sector in the Yangtze River Delta.
According to Sarah Hu, director and general manager of THi Management Corp, the demand for regional industrial and logistics assets is expected to remain intact. This gives them faith that their ambitious strategies for investment manager executes will be successful. She goes on to explain that forming business partnerships with partners who specialize in the ground level is a key factor in making strategies a reality.