Post failed merger, Sabana sets sights on asset revamps, disposals

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.