SUBSCRIBERS

Sabana Reit looks for turnaround with old hand at the helm

Add BT as a preferred source

Published Fri, Jan 26, 2018 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

SABANA Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) has appointed real estate veteran Donald Han as the new chief executive officer of its manager, following a strategic review which emerged after howls from disgruntled shareholders over the Reit's underperformance.

As a result of the strategic review, the board has also decided to take a 20 per cent cut to director fees for fiscal 2017 to reduce costs of the manager in support of its partial fee waiver to unitholders.

Reuse this content Feedback

TRENDING NOW

Property-based taxes may have limited room to run – and pushing them further risks hitting the wrong people, observers say.

In taxing wealth, how far can Singapore push property owners?

Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

Beijing’s calculated silence on the Iran war

The iconic rainbow blocks of Rochor Centre were demolished in 2018 to 2019 to make way for the North-South Corridor.

20 photos that show how dramatically Singapore has changed in two decades

Andrew Lee, chairman of OCBC (right), and group chief executive Tan Teck Long speaking at Thursday's (Apr 16) AGM.

Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman

Latest T-bills Treasury Bills Results & Interest News Latest SSB Singapore Savings Bonds News Latest COE Certificate of Entitlement News

Latest Johor-Singapore SEZ News Latest BTO Build To Order & Sales of Balance News Latest STI Straits Times Index News Latest SGX Dividends, Share Price News Latest Bonds Market News Latest Singapore Stocks To Buy News Latest Singapore Economy News