Post failed merger, Sabana sets sights on asset revamps, disposals
It has completed F&B-focused mall NTP+, and plans to unencumber assets should its portfolio valuation improve
Singapore
FOLLOWING the abortion of the merger with ESR-Reit, Sabana Shari'ah Compliant Reit plans to continue to divest its non-performing assets and rejuvenate others in a bid to improve the resilience and growth trajectory of the real estate investment trust (Reit) despite its constraints.
For instance, it has recently completed NTP+, a food and beverage-focused retail mall located at its New Tech Park at Lorong Chuan, and is in the midst of upgrading the industrial park's lifts and electric system.
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