SC Capital Partners has invested over US$1.2 billion (S$1.6 billion) in industrial, logistics and data centre assets across the Asia Pacific region.
SC Capital Partners, a Singapore-based private equity real estate firm, alongside Shanghai-based industrial and logistics developer THi Holding Management Corp., have recently acquired an industrial land in China’s Suzhou Industrial Park. This rectangular area is spanning over 50,000 sq m (538,196 sq ft).
The high-end manufacturers will benefit once the development of the project comes to fruition, offering a Grade-A industrial facility that covers over 103,000 sq m (1.1 million sq ft). Moreover, the rooftop will be supplied with solar panels.
This partnership is SC Capital Partners’ second venture in the manufacturing and logistics hub, such as Suzhou Industrial Park. Zero Point, an electric vehicle battery pack company, is secured as the anchor tenant.
Sarah Hu, director and general manager of THi Management, is positive about the situation, as she believes that the demand for regional industrial and logistics assets will remain strong.
Besides this, collaboration with strategic partners is essential for the successful implementation of investment strategies.
Suchad Chiaranussati, chairman and founder of SC Capital Partners, is satisfied with the current transaction, referring to it as “an excellent addition to our opportunistic fund series, which invests in the developed markets in the Asia Pacific”.
Overall, SC Capital Partners have gained a total of US$1.2 billion (S$1.6 billion) by investing in industrial, logistics, and data center assets across the Asia Pacific region.