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SC Capital Partners, THi to develop grade-A industrial facility in China’s Suzhou Industrial Park
Singapore-based SC Capital Partners and THi Holding Management Corp., a Shanghai-based industrial/logistics developer and operator, have acquired a strategic industrial project in China’s Suzhou Industrial Park.
This project, located in Suzhou City, represents SC Capital Partners’ second acquisition of an asset in the industrial park, a key manufacturing and logistics hub in the Yangtze River Delta region. The previously derelict land, a large rectangular plot of more than 50,000 square meters (538,196 square feet), was acquired for an undisclosed amount.
SC Capital Partners and THi are planning to develop the project into a modern grade-A industrial facility targeting high-end manufacturers. The completed facility will offer more than 103,000 square meters (1.1 million square feet) in net leasable area. Zero Point, an electric vehicle battery pack company, has been secured as the anchor tenant.
The development will be constructed to meet LEED Gold certifica