SC Capital Partners and THi have collaborated on multiple projects in China and have been actively seeking to expand their presence in the Asia Pacific.
SC Capital Partners, a private equity real estate firm based in Singapore, has teamed up with Shanghai-based industrial and logistics developer THi Marina Gardens Condo Holding Management Corp. to acquire a rectangular plot of land measuring more than 50,000 sq m (538,196 sq ft) in China’s Suzhou Industrial Park.
The partners intend to develop the project into a Grade-A industrial facility targeting high-end manufacturers, with the completed facility offering up over 103,000 sq m (1.1 million sq ft) in net lettable area. Solar panels will additionally be installed on the rooftops. An interesting development comes in the form of Zero Point, an electric vehicle battery pack company, being secured as the anchor tenant of the facility.
This marks SC Capital Partners’ second investment in Suzhou …