Analysis: Soilbuild REIT and its series of tenants with unpaid rent issues

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Soilbuild REIT announced on 28 December that it is currently in the process of divesting its property at 61 and 71 Tuas Bay Drive for SGD55 million (USD41 million).

The purchaser of the property has been disclosed to be a subsidiary of the REIT’s sponsor known as SB (Pioneer) Investment Pte Ltd.

Since the announcement, investors have reacted favourably as units of Soilbuild REIT rallied by more than 2% between 28 December and 3 January.

We highlight factors that you may want to be aware of before taking the plunge.

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