Sabana Industrial REIT
Sabana Industrial REIT has a portfolio of 18 properties in Singapore, in the high-tech industrial, warehouse and logistics, chemical warehouse and others.
Sabana REIT occupancy rate drops to 83% in 1Q24
The REIT attributed the decline to the property repossession 33 & 35 Penjuru Lane.
Sabana REIT occupancy rate drops to 83% in 1Q24
The REIT attributed the decline to the property repossession 33 & 35 Penjuru Lane.
Sabana Reit sets requisitioned EGM on or before 25 May
Part of the agenda is the consideration of proposed resolutions stated in a notice on March 26.
Sabana Reit unitholders told requisitionists to respect trust deed rules
Amongst the points stressed by the unitholders was the importance of a supermajority when amending the trust deed.
Sabana REIT aims for manager internalisation by 3Q24
The REIT has made progress in its Order 32 application.
Sabana Industrial REIT Trustee sees “little value” in convening an EGM now
Further announcements will be made in due course.
Sabana REIT schedules extraordinary general meeting for requisition notice
Details of the meeting have yet to be finalised.
Sabana REIT rejects requisition notice calling for extraordinary general meeting
It does not comply with requirements, the REIT said in a statement.
Keppel EaaS to install solar panels in 5 Sabana REIT properties in Singapore
Following installation, the REIT will have an overall installed capacity of 7.1 MWp.
Sabana Industrial REIT files originating claim against Kleio One-Solution
The tenant occupies the properties at 33 & 35 Perjuru Lane.
Trustee lays out commercial options to build functioning internal management for Sabana REIT
Amongst these options is the retention of existing staff of the REIT’s manager.
Sabana Industrial REIT reports lower portfolio occupancy of 91.8% in 3Q23
In 2Q23, the REIT’s portfolio occupancy was 93.9%.
Sabana REIT taps FTI Consulting as adviser for implementation of Quarz’s resolutions
Amongst Quarz’s resolutions is to internalise the REIT’s manager.
Sabana Reit unitholders vote: external manager out, internal manager in
More than 50% of votes were cast for both resolutions.
Unitholders of Sabana REIT will be 'worse off' if internalisation of manager proceeds, ESR Group warns
The group said each 1 -pp increase in borrowing costs will reduce the REIT's DPU by $0.0027.
Sabana REIT to hold EGM on the removal of its manager
The REIT's unitholders will convene on 7 August.
Sabana Industrial REIT NPI inches up 0.5% YoY to $27.2m in H1
Its gross revenue was up 23.2% YoY to $55.3m.
ESR Group asks High Court to declare Quarz’s requisition invalid
An application was also filed to restrain an EGM with Quarz’s requisition.
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