Sabana's activist investors to fast-track plan to internalise management after merger with ESR scuppered
Sabana Reit's manager says its priority is to enhance the Reit's portfolio returns and complete an asset-enhancement project
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Singapore
ACTIVIST unitholders got to work fast after the proposed merger between ESR-Reit and Sabana Reit fell through on Friday.
The question "What next?" was top on their minds to ensure a clear path to recovery for Sabana Reit, and one answer was to pursue an internalised Reit management model - an unprecedented move for a Singapore Reit.
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