Dali Construction acquires a commercial office in Phoenix Science and Technology Park to enter the U.S. semiconductor industry center

On behalf of its overseas subsidiaries, Dali Construction announced the acquisition of the top commercial office "Corridors Corporate Center" in Phoenix, USA. (provided by the operator)

Listed construction company Dali Construction (6177) has stepped up its efforts in the U.S. market. On the 30th, it announced that on behalf of its overseas subsidiary "Dali Construction Arizona", it has acquired the "Corridors Corporate Center", a Class A commercial office located in Phoenix, Arizona, for US$18.6 million, approximately NT$590 million. The park is home to TSMC's midstream and downstream third-party manufacturers and high-tech industry factories.

The "Corridors Corporate Center" acquired this time has a base area of ​​approximately 8,785 square meters and a floor area of ​​approximately 3,711 square meters. It is close to important transportation arteries and only takes 14 minutes by car to reach the TSMC campus. It has a unique geographical advantage and can accurately handle the strong demand for commercial space derived from the presence of semiconductor industry chains, upstream and downstream suppliers, and multinational financial and technology professionals.

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Liao Zhengxiong, deputy general manager of Dali Construction, said that this move means that Dali Construction has officially extended its U.S. territory to the U.S. semiconductor and high-tech industry center after having been deeply involved in the Seattle market for more than 10 years, creating an income-generating real estate platform for the group with long-term stable cash flow and asset appreciation potential.

Since Dali Construction entered Seattle, USA in 2015, it has successively promoted index projects and deeply explored the local market. It has accumulated rich experience in cross-border real estate operations, and has also established a professional local team, a deep financial cooperation network and rigorous asset management capabilities.

In order to further diversify regional investment risks and expand the group's overseas operations, Dali has copied and upgraded Seattle's successful operating model, and strategically entered the "Greater Phoenix Metropolitan Area", which currently has the fastest growing population, employment and high-tech industries in the United States.

Dali said that Phoenix, Arizona, has benefited from Taiwan Semiconductor Manufacturing Company (TSMC)'s investment in advanced wafer fabs and the presence of the semiconductor super ecosystem, and is rapidly becoming the core axis of the new generation of high-tech industries in the United States.

Compared with the sales cycle of traditional pure residential development projects, Dali's investment this time focuses on the long-term allocation of "Income-Producing Assets".

Dali pointed out that Taiwan is deeply involved in residential construction, and the United States is focused on commercial income. In the evaluation of multiple potential targets, the restructuring of the global supply chain has brought historic opportunities to the North American market, and the group has also established a clear cross-border differentiated development structure.

In the Taiwan market in the future, Dali will continue to leverage its advantages in precise site selection, product planning and construction projects, focusing on "investment-type residential construction and development" to create stable project development profits and capital gains for the group.

In the U.S. market, we will focus on "commercial real estate and income-generating real estate investment" in the future, targeting technology corridors and core properties in urban areas with high growth momentum across the United States, and establishing long-term, predictable recurring cash flow through high-quality rental income, effectively smoothing business cycle fluctuations.

Dali Construction further revealed that in addition to the successful acquisition of Phoenix's index commercial properties, the team currently still has several high-quality potential targets in the United States that are actively undergoing on-site inspections and prudent evaluations. In the future, it will adhere to the principle of disciplined capital allocation and create cross-border sustainable asset value with the goal of balancing defensive cash flow and growth-oriented capital appreciation.