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Sabana Reit to raise S$80m mainly for property purchases

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Published Tue, Dec 20, 2016 · 09:50 PM

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Singapore

SABANA Reit is looking to raise gross proceeds of about S$80.2 million through an underwritten and renounceable rights issue - S$76.8 million of which will be used to partly finance the acquisition of three properties.

These are located at 107 Eunos Avenue 3, 72 Eunos Avenue 7, and 47 Changi South Avenue 2.

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