|Location||Suzhou, Jiangsu Province, China|
|Type||Existing facility renovation & redevelopment|
|Asset Type||Distribution & Logistics Facility|
|Gross Floor Area||52,000m²|
|Completion||To be determined|
This second hand site, with a partially completed manufacturing building, was acquired through an equity transfer. UI worked with the seller and the local government to get approvals to upgrade and extend the existing facility, and to develop two new buildings, one ramped to provide second floor access and to meet the government’s desired investment density and to respond to tenant demand.
The site is located directly north of the Suzhou New District, Suzhou downtown, Suzhou Industrial Park and the Kunshan New and High-Tech Industry Development Zone. These areas have large manufacturing facilities and commercial districts and the site is positioned within 3 kms of a nexus of three expressways that provide access to Suzhou, Kunshan and Shanghai.