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Sabana Real Estate Investment Management (SREIM)
REITs
Cost savings of internalisation 'overstated', says ESR Group, after resolution of defamation action against Quarz
"The entire episode has resulted in a diminished value of the unit price of Sabana REIT": ESR Group.
April 08, 2024
REIT Watch
Sabana REIT’s unitholders vote to remove manager (update)
The EGM concludes two months of open letters fired from opposing sides.
August 07, 2023
Management & Corporate Governance
Sabana REIT says new CEO identified; awaiting nod from MAS
SINGAPORE (Jan 15): The manager of Sabana Shari'ah Compliant Industrial REIT (Sabana REIT) says it has identified a candidate to be appointed as CEO and has submitted an application to the MAS for approval.
January 15, 2018
Sabana REIT appoints Aw Wei Been as acting CEO; Supplementary lease for 10 Changi South Street 2 takes effect
SINGAPORE (Dec 21): Sabana Real Estate Investment Management (SREIM) announced that Sabana Shari’ah Compliant Industrial (Sabana REIT) will be appointing Aw Wei Been as acting CEO with effect from Jan 1.
December 21, 2017
M&A
Sabana REIT ends talks with ESR-REIT; to identify suitable assets for disposal
SINGAPORE (Nov 25): The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) says talks with the manager of ESR-REIT involving the sale of its assets or units, have ceased.
November 25, 2017
Results
Sabana REIT says still in talks with ESR; 3Q DPU down 2.5% to 0.79 cent
SINGAPORE (Oct 23): The manager of Sabana REIT has announced a DPU of 0.79 cent for the 3Q17 ended Sept, down 2.5% from 0.81 cent a year ago.
October 23, 2017
Results
Sabana REIT reports 24.3% lower 2Q DPU of 0.81 cent after manager forgoes 25% fees
SINGAPORE (July 26): The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) has reported a distribution per unit (DPU) of 0.81 cent for 2Q17, down 24.3% from the 1.07 cent DPU declared a year ago.
July 26, 2017
Sabana REIT manager CEO Xayaraj steps down; acquisition of 47 Changi South Ave 2 aborted
SINGAPORE (May 9): Kevin Xayaraj has stepped down from his position as CEO and Executive Director of Sabana Real Estate Investment Management (SREIM), the manager of Sabana REIT.
May 09, 2017