A rendering of the international life science industrial park developed by ESR Group in the Xushuguan Economic Development Zone in Suzhou New District. [Photo/WeChat account: snd-szgxqfb]
A signing ceremony for ESR Group's investment in two international industrial parks focusing on life science and new materials was held in the Xushuguan Economic Development Zone, Suzhou New District on Dec 9.
With a registered capital of $20 million and a total investment of $40 million, the two parks are expected to attract high-end industrial resources and well-known enterprises in related industries, and build themselves into modern industrial parks with a high level of influence and visibility in East China.
The international life science industrial park, which covers an area of around 11 hectares, will consist of 195,000 square meters of high-standard factories and supporting facilities, and will be developed by multinational companies and industrial leaders in innovative drugs, cutting-edge diagnosis and treatment technologies, and precision medicine. The annual output value of the park is expected to exceed 2.5 billion yuan ($392.5 million) once it reaches full capacity.
The international new materials industrial park covers an area of 6.27 hectares and will consist of 146,000 sq m of high-standard workshops and supporting facilities, focusing on the introduction of nanomaterials, aerospace materials, and high-performance composite materials. The annual output value of the park is expected to exceed 1.5 billion yuan.
Headquartered in Hong Kong, ESR is a leading logistics real estate platform with a growing presence in data centers. It invested in an industrial park in Xushuguan in 2017 that is now home to the Chinese branches of a number of world renowned brands, including Thermo Fisher Scientific, Parexel International Corporation, and Knorr-Bremse commercial vehicles.
