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 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 Industrial Park, a manufacturing and logistics hub. Suchad Chiaranussati, chairman and founder of SC Capital Partners, remarked that this transaction strengthens the collaboration between SC and THi, as they look to capture growth opportunities in the industrial and logistics sector of the Yangtze River Delta.
Sarah Hu, director and general manager of THi Management, commented on the mutual benefits of partnering up with a strategic player like SC Capital Partners. Hu said that working with such a partner is essential for executing investment strategies successfully.
This project is also an excellent addition to SC Capital Partners’ opportunistic fund series, which invests in the developed markets of the Asia Pacific. SC Capital and THI remain active in expanding their presence in the Asia Pacific and have already collaborated on multiple projects in China.
Hu further noted that demand for regional industrial and logistics assets is expected to remain resilient. According to Hu, this presents a great opportunity for the partners to capitalize on.