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Sabana Reit renews 58% of leases expiring in 2020

Portfolio occupancy rises to 80.2% in Q3; rental contributions from new mall to start in Q2 2021

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Covid-19 will continue to be a challenge for the Reit's manager going into 2021, said chief executive Donald Han.

Singapore

THE manager of Sabana Shari'ah Compliant Industrial Reit (Sabana Reit) on Friday said 58 per cent of leases by gross rental income expiring in fiscal 2020 have been renewed. The manager also expects rental contributions from the New Tech Park's asset enhancement initiative (AEI...

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