Sabana Reit's mall at New Tech Park to open in Q2

NTP+, a new mall at New Tech Park, has received its temporary occupation permit and is set to open in the second quarter of this year, said Sabana Real Estate Investment Management, the manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit), on Wednesday.

NTP+ will be a two-storey mall located opposite Lorong Chuan MRT station. Spanning about 43,000 square feet, it will comprise 25 retail and food and beverage (F&B) units on the ground floor, and a food court on the second floor.

As at March 10, about 80.2 per cent of the units on the first floor have been taken up; the space for the food court has also been leased. Tenants secured include F&B brands Collins, Wine Connection, Dutch Colony Coffee, Saveur Thai and D'Penyetz. For retail, a tenant secured is Ace Signature, a new-to-market supermarket specialising in international produce.

Units of Sabana Reit closed up 1.35 per cent at S$0.375 on Wednesday before the announcement.