Shanghai has established itself as a leading player in the global life sciences sector. JLL tapped into its global network of investors and knew that Concora would appreciate the park’s potential.
Client story
Life Science Industrial Park - development in Shanghai
Spotlight
Capital Markets
Location
APAC
“Life sciences investors have confidence in the long-term growth prospects of the industry and are interested in assets with anchor tenants or long WALE. Moreover, development opportunities for joint ventures between life sciences companies and investors will arise."
- Sun Ling, Head of Capital Markets, East China
Access to global, specialist investors
JLL’s Life Sciences team immediately tapped into its extensive, global network of investors in this sector and knew that Concora, a subsidiary of Ascent Investment Group's biomedical industrial park business, would appreciate the park’s potential.
Its strategy is to create world-class biomedical industry by buying, developing or repositioning high-quality assets that house research facilities, medical support facilities, biomedical production bases.
Furthermore, Concora supports biopharmaceutical start-ups by forming in-depth partnerships with them, as well as providing additional services to meet the needs of biopharmaceutical tenants through its specialised laboratory and incubator system.
JLL’s global Capital Markets team, with established expertise in Shanghai, quickly facilitated the agreement between the two parties. Simcere Pharmaceutical continues to focus on innovative drug discovery and development in the park while Concora has added an asset to its portfolio that supports its aim of building world-class BioPharma businesses.