Sabana Reit records 85.3% portfolio occupancy in Q3

Singapore

SABANA Industrial Reit (Sabana Reit) logged a portfolio occupancy of 85.3 per cent as at Sept 30, the highest level since early 2018, its manager announced in a quarterly business update on Thursday (Oct 21) evening.

The Reit, which removed its Shari'ah compliance status as of Thursday, has also named a new chief financial officer, Lim Wei Huang, and head of real estate, Jessica Yap Pui Ling. Their appointments take effect on Nov 1.