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Sabana Reit's talks with suitor fall through
It is proposing to focus on selective asset sales and strengthening the current portfolio after talks with Warburg Pincus-backed ESR-Reit reached dead-end
Add BT as a preferred sourcePublished Sun, Nov 26, 2017 · 09:50 PM
Singapore
A WHOLESALE takeover of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Reit) now seems more distant after the trust's manager said over the weekend that talks with Warburg Pincus-backed ESR-Reit has fallen through.
Sabana confirmed in August that it was in discussions with ESR, formerly known as Cambridge Industrial Trust, to explore options in connection with a strategic review that began in February.
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