Sabana REIT finds buyer for 6 Woodlands Loop for $13.8 mil

SINGAPORE (Feb 28): Sabana REIT is divesting 6 Woodlands Loop for a consideration of $13.8 million.

The sale consideration is about 7.0% above the property’s book value of $12.9 million as at Dec 31 2017, based on the valuation performed by an independent valuer, Suntec Real Estate Consultants.

The property is a three-storey general industrial building with an ancillary office and mezzanine extension, with a gross floor area (GFA) of about 77,544 sq ft, which represents 1.8% of the trust’s current portfolio GFA.

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