SC Capital Partners and THi will construct a Grade-A industrial building with more than 1.1 million square feet of net lettable area

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Singapore-headquartered private equity real estate firm SC Capital Partners has acquired industrial land in China’s Suzhou Industrial Park. The deal was completed jointly by Shanghai-based industrial and logistics developer THi Holding Management Corp.

According to a news release the two partners bought a rectangular parcel of land with a total area of the area of 50,000 square meters (538,196 sq feet). SC Capital Partners and THi are planning to turn the property into a Grade-A industrial plant focused on high-end manufacturing. The final facility will provide more than 103,000 sq m (1.1 million sq feet) of net lettable space with rooftops fitted by solar panels. Zero Point, an electric vehicle battery pack manufacturer is now one of the tenants anchoring.

The purchase marks SC Capital Partners’ second investment in Suzhou Industrial Park, a logistics and manufacturing hub. Suchad Chiaranussati, chairman and director of SC Capital Partners, says this acquisition strengthens the partnership with THi to explore expansion opportunities in the manufacturing and logistics industry within Suzhou, which is located in the Yangtze River Delta, adding: “This new asset in Suzhou Industrial Park is an great addition to our fund series that invests in developed markets of Asia Pacific.” Asia Pacific.”

Sarah Hu, director and general manager of THi Management, says demand for regional logistics and industrial infrastructure is likely to be robust. “Working together with partners that have established connections and have expertise in the field is crucial to ensure the success of investment management strategies,” she adds.