CBC Healthcare Infrastructure Platform (CBC HIP), the infrastructure arm of Asia's largest healthcare-dedicated asset management firm, CBC Group, has acquired a prime industrial site within the life science zone of the Qingpu Industrial Park, Shanghai, with a tenure of 50 years.
CBC HIP, which develops and invests in high-quality healthcare assets across the Asia-Pacific region, plans to develop the 83.76-mu (601,057-square-foot) area into a high-specifications life science park comprising eight manufacturing facilities, two research and development offices, and other ancillary facilities. The project is targeted for completion in second quarter 2024.
“Life science real estate represents an incredible opportunity in China,” said Hans Kang, CEO of CBC HIP. “We are delighted to have taken 100 percent ownership of this 83.76 mu site, which follows previous investments in Beijing — at the Zhongguancun Life Science Park and the China Bio-medicine Park. The Life Sci
