Soilbuild Reit rent dispute with JTC going to court
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Singapore
SB Reit Management, the manager of Soilbuild Business Space Reit, will be taking JTC Corporation to court over some S$3.5 million in additional rent payable to the latter for Solaris, a property Soilbuild Reit acquired on Aug 16, 2013.
In April 2014, JTC informed that there was an error on the rent charged for Solaris, and revised land rent from S$405.10 to S$855 per square metre and corrected subterranean rent from S$23.48 to S$70 psm per annum.
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