SC Capital Partners’ acquisition of the Suzhou Industrial Park land marks the firm’s newest investment in China’s industrial and logistics sector. The firm also has investments in logistics and industrial assets in Japan, Australia and Thailand.
SC Capital Partners, a Singapore-based private equity real estate firm, has recently acquired industrial land in China’s Suzhou Industrial Park. Working together with Shanghai-based industrial and logistics developer THi Holding Management Corp., the partners purchased a rectangular plot of land spanning over 50,000 sq m. Their plan is to develop the project into a Grade-A industrial facility with an impressive 1.1 million sq ft in net lettable area.
The rooftops will be equipped with solar panels and an electric vehicle battery pack company called Zero Point has already been secured as the anchor tenant. This acquisition strengthens SC Capital Partners’ collaboration with THi in seeking out growth opportunities in the industrial and logistics sector located in the Yangtze River Delta.
Suchad Chiaranussati, chairman and founder of SC Capital Partners, said of the purchase: “This new asset in Suzhou Industrial Park is an excellent addition to our opportunistic fund series, which invests in the developed markets in the Asia Pacific.” It might be the firm’s second investment in this particular area, but they have many investments in logistics and industrial assets in Japan, Australia, Thailand, and now China.
Sarah Hu, director and general manager of THi Management, recently commented that the demand for regional industrial and logistics assets is expected to remain resilient. This type of strategic collaboration is necessary for ensuring the successful execution of any strategy for investment managers.
SC Capital Partners’ undertaking of the Suzhou Industrial Park land transaction is just the start of their journey in the Chinese industrial and logistics sector. With the added expertise of THi, the firm appears to be in good hands.