SC Capital Partners, a Singapore-based real estate investment management firm, has announced the launch of the SC GCC Real Estate Industrial Development Fund (GRID), its first co-sponsored industrial development fund in the United Arab Emirates. CapitaLand Investment Ltd. (CLI), a leading global real asset manager which holds a 40 percent stake in SC Capital Partners, will co-sponsor the fund. This landmark fund will support Ras Al Khaimah’s transformation with a flagship industrial project expected to create 1,800 jobs, attract more than 50 tenants, and cover 300,000 square meters (3.2 million square feet) of land.
SC Capital Partners will work alongside its industrial partner, THi Holding Management Corp., which will act as the development manager, asset manager and operator. Together, the three partners will form a consortium that combines global investment expertise with on-the-ground real estate capabilities ensuring the fund’s long-term success.
The fund’s
