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Sabana Reit may acquire Changi property for S$50m
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Mindy Tan
Published Fri, Aug 22, 2014 · 10:00 PM
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Singapore
SABANA Shari'ah Compliant Real Estate Investment Trust (Sabana Reit) is looking to acquire 10 Changi South Street 2 from Adviva Distribution for S$50 million.
The total cost of the acquisition is about S$55.1 million, including the purchase consideration, the JTC upfront land premium, the stamp fee on the land premium and the acquisition fee of about S$0.5 million.
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