Sabana's manager wants to leave failed merger behind to look forward for growth

THE chief executive officer of Sabana Shari'ah Compliant Industrial Reit's (Sabana Reit) manager Donald Han has made it clear that he wants to leave behind the failed merger with ESR-Reit and work on improving the Reit's (real estate investment trust) portfolio and performance going forward.

In a media call on Friday, he said: "I am generally a forward looking person. There is a lot for us to do in 2021, being a new year. It's a start for us to continue with the 'Refreshed Strategy' which we started two, three years ago and that continues until we can stabilise our properties."

The Reit is in phase two of the strategy which consists of rejuvenating select assets, and proactively leasing and managing its assets.