Soilbuild Reit rent dispute with JTC going to court

Singapore

SB Reit Management, the manager of Soilbuild Business Space Reit, will be taking JTC Corporation to court over some S$3.5 million in additional rent payable to the latter for Solaris, a property Soilbuild Reit acquired on Aug 16, 2013.

In April 2014, JTC informed that there was an error on the rent charged for Solaris, and revised land rent from S$405.10 to S$855 per square metre and correct…