Sabana REIT secures TOP for 1 Tuas Ave 4 post enhancement
Enhancement works took slightly over 15 months.
Sabana Industrial Real Estate Investment Trust (Sabana Industrial REIT) has obtained a Temporary Occupation Permit (TOP) for 1 Tuas Avenue 4 following the completion of its asset enhancement initiative (AEI) works on the property.
The property to be named Sabana@1TA4 took slightly over 15 months to complete after its ground-breaking in April 2023.
The development cost for the property is approximately $18.0m, or $115.3 per sq ft based on the gross floor area of 156,139 sq ft.
Sabana@1TA4 offers 156,139 square feet (sq ft) of space designated for warehouse, production, and ancillary office use.
The property includes loading bays with dock levellers and a ceiling height of 25 metres.
It has achieved the BCA Green Mark Super Low Energy certification and will see the installation of solar panels in the third quarter of 2024.
When completed, the property will host over 4,500 square metres of solar panels, producing more than 1,000 megawatt-hours of energy annually.