Quarz Capital

ESR attempts to suspend Sabana Reit’s May 24 EGM

The meeting is to be held by Sabana’s external manager to consider resolutions raised by activist investor Quarz Capital and four other unitholders of the Reit

Quarz’s deemed interest in Sabana Reit has fallen to 12.3% from 14.3 %

Quarz pares stake in Sabana Reit as Volare adds

The transaction increases Volare’s deemed interest in the trust to 19.79% from 17.79%

ESR Group maintains that its entire episode with Quarz Capital has “resulted in a diminished value” of Sabana Reit’s unit price.

ESR says ‘amicable approach’ with Quarz is to prioritise Sabana Reit and unitholders

ESR GROUP said that its choice to “pursue an amicable approach instead of legal action” was to prioritise Sabana Industrial Real Estate Investment Trust (Sabana Reit) and its unitholders.

Quarz urges unitholders to vote for all the resolutions at the EGM to “ensure it can successfully execute on internalisation with as few obstacles as possible”. 

Quarz, ESR reach resolution over alleged defamation during Sabana internalisation bid

ACTIVIST investor Quarz Capital has reached a resolution with ESR after the property company initiated court proceedings over alleged defamatory statements made during Quarz’s push to internalise the ...

What is the outlook for Reits and property trusts sector in 2024?

BT Mark to Market: Property trust investors agitate for change (Ep 38)

Minority investor fury at Manulife US Reit, Sabana Reit and Dasin Retail Trust has turned the spotlight on the effectiveness of the statutory protections under the external-manager model adopted by mo...

New Tech Park, at 151 Lorong Chuan, is an asset in Sabana Reit's portfolio. On Aug 7, unitholders of Sabana Reit voted in favour of internalisation, with both resolutions carried.

Panel formed by Quarz seeks authorities’ guidance on Sabana internalisation

A COMMITTEE formed by activist investor Quarz and other unitholders of Sabana Industrial Real Estate Investment Trust (Sabana Reit) has sent an open letter to the regulatory authorities to seek guidan...

New Tech Park, at 151 Lorong Chuan, is an asset in Sabana Reit's portfolio. Earlier this year, ESR Group and Quarz were embroiled in a public battle over the internalisation of the Reit management function of Sabana Reit.

ESR sues Quarz over alleged defamation during Sabana internalisation bid

PROPERTY company ESR Group and activist investor Quarz Capital are facing off in court over alleged defamatory statements made during the latter’s push to internalise the management function of Sabana...

An artist's impression of the Via Nervesa 21, a Grade-A office development in Milan, Italy. Quarz notes that Cromwell E-Reit is now trading at a steep discount to NAV, despite its high-quality portfolio and DPU growth catalysts.

Quarz urges Cromwell E-Reit to carry out buybacks amid discounted valuations

ACTIVIST investor Quarz Capital is urging the management and board of Cromwell European Real Estate Investment Trust (Cromwell E-Reit) to initiate unit buybacks to “take advantage” of the current disc...

New Tech Park, at 151 Lorong Chuan, is an asset in Sabana Reit's portfolio. The Reit's unitholders have been invited to join a newly-established committee for the manager internalisation process.

Quarz announces committee for Sabana’s internalisation, invites unitholders to join

UNITHOLDERS of Sabana Real Estate Investment Trust (Sabana Reit) have set up the Sabana Growth Internalisation Committee (SGIC), following approval of the manager’s removal at an Aug 7 extraordinary g...

Why has Quarz decided to push Sabana Reit down this path despite all the risks?

BT Mark to Market: Sabana Reit in uncharted territory (Ep 34)

Should investors bet Sabana Reit will eventually succeed in internalising its management function? Senior correspondent Ben Paul does a deep dive.