Consists of three new 2 & 3-storey ramped-up workshops / warehouses with an focus to be leased to pharmaceutical, new materials and other advanced manufacturing and logistics tenants.

Project at ~75% occupancy within 6 months after obtaining property title

• Leased to tenants such as high-end manufacturer in industries e.g. yacht manufacturing and optical coating for semi-conductors.
• Achieved an average WALE of 5.5 years.

Great exit potential

• Favourable asset for exit to C-REITs;
• Received indicative offer from more than one institutional investor for returns >30% IRR and 2.0x EM.

Trust established with local government

• Complete the investment density of > RMB 600 million into the park within upon delivery.
• Tenants provide tax revenue of > RMB 90 million p.a., exceeding expectation.
• Win – Win outcome of the project fosters deep enterprise – government trust, giving us strong support to do a second project within SIP.

Responsible Investing

• Target to achieve LEEDS certification in 6 months time.