|Location||Suzhou, Jiangsu Province, China|
|Type||Existing facility renovation & redevelopment|
|Asset Type||Logistics, Distribution and Light Industrial Facility|
|Gross Floor Area||55,200m²|
|Project Completion||November 2019|
UI Suzhou Manufacturing & Supply Chain Industrial Park is located in the Suzhou Industrial Park-Xiangcheng District Cooperative Economic Development Zone which is fully led by the SIP and promoted by Xiangcheng district in Suzhou. The project is located in between the Suzhou Industrial Park and the Suzhou New District, and benefits from immediate access to the Suzhou West Ring Road (S228) that enables the direct connection with the Shanghai-Nanjing (G2) and Suzhou-Taicang (S9) expressways.
UI sourced and identified this secondhand site through its extensive network of relationships. We developed the investment strategy including the development and construction approach and leasing plan, which was presented to our capital partner to acquire the site in the form of an equity transfer. UI were able to arrange construction financing with local lenders and undertook extensive company related due diligence covering comprehensive legal, accounting and tax reviews as well as detailed property due diligence.
The site had a non-completed manufacturing building that was just a shell and UI worked with the seller and the local government to get approvals to upgrade and extend the existing facility, by developing two new buildings, one with a ramp to provide second floor access and to meet the government’s desired investment density.