OUR PORTFOLIOAscendas Xinsu Portfolio
The Ascendas Xinsu Portfolio comprises six properties located in different locations covering a range of asset types, including business parks, built-to-suit factories, and ready-built factories. The Ascendas Xinsu Portfolio consists of 61 buildings including R&D and industrial portion, with a total gross floor area of 373,334 sq m. The Portfolio is accessible via various modes of transportation including High Speed Railway Station, Metro Line 1 and 3 as well as an upcoming Line 6 of Suzhou Rail Transit, which is expected to provide easy access to other parts of Suzhou. Some key tenants in the portfolio includes TDK (Suzhou) Co., Ltd., Suzhou Kamen Haas Laser Technology Co., Ltd., CCL Design (Suzhou) Co., Ltd., Nexteer Automotive (Suzhou) Co., Ltd, and Herbalife (China) Health Products Co Ltd.
2,340.0
Market Valuation1,2
(RMB million)
97.5%
Committed Occupancy1
373,334
Gross Floor Area
(sq m)
318
No. of Leases1
61
No. of buildings
1 Data as at 31 December 2023
2 Information is presented based on 100% ownership
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Property Details
Address Suzhou Industrial Park, Suzhou, Jiangsu Province
苏州工业园区星汉街5号, 苏州Description Ascendas Xinsu Portfolio consists of 61 buildings including R&D and industrial portion. The R&D portion forms part of Ascendas Xinsu Square, comprising six business park office buildings with retail ancillaries.
The industrial portion includes 50 single-storey workshops with mezzanine floors and five four-to-six-storey workshops, located in six different properties (Ascendas Xinsu Square, Ascendas Xinsu North Belt, NIO Delivery Centre, Semi Detached Factory in EPZ, Nexteer BTS Phase 1 and 2, and Ascendas Xinsu Industrial Square II).Gross Floor Area (GFA) (sq m) 373,334 Year of Acquisition 2021 Year of Opening Xinsu Industrial: 1996-2013;
Xinsu R&D: Oct 2016Number of Leases 318 Major Tenants TDK (Suzhou) Co., Ltd., Suzhou Kamen Haas Laser Technology Co., Ltd., CCL Design (Suzhou) Co., Ltd., Nexteer Automotive (Suzhou) Co., Ltd, and Herbalife (China) Health Products Co Ltd Land Use Right Expiry 2046 to 2057 -
Lease Expiry & Trade Sector Analysis
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Location Map