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OUR PORTFOLIOAscendas Xinsu Portfolio

The Ascendas Xinsu Portfolio comprises six properties located in different locations covering a range of asset types, including business park, 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 R&D portion forms part of Ascendas Xinsu Square, comprising six business park office buildings with retail ancillaries. It is one of the first business park projects in the Suzhou Industrial Park and has since established a strong reputation for its quality specifications and premium location. 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) in the Suzhou Industrial Park. The Portfolio is accessible via various modes of transportation including High Speed Railway Station, Metro Line 1, 3 and 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 Nexteer Automotive, TDK Electronics, Beckman Coulter Laboratory Systems, Bank of Shanghai, NIO Inc. Herbalife Health Products, and CCL Design Label.

2,265.0 Acquired Value1 (RMB million)
91.6% Committed Occupancy2
373,334 Gross Floor Area (sq m)
307 No. of Leases2
61 No. of buildings

1 Based on acquired value on a 100% basis.
2 Based on all committed leases as at 31 December 2020.

  • Property Details
    Address Suzhou Industrial Park, Suzhou City, Jiangsu Province
    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 2020
    Year of Opening Xinsu Industrial: 1996-2013;
    Xinsu R&D: Oct 2016
    Number of Leases 307
    Major Tenants Nexteer Automotive, TDK Electronics, Beckman Coulter Laboratory Systems, Bank of Shanghai, NIO Inc. Herbalife Health Products, CCL Design Label
    Land Use Right Expiry December 2046 – May 2057
  • Lease Expiry & Trade Sector Analysis
    Lease Expiry Profile (%)
    (As at 31 August 2020)
  • Location Map
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