Sabana REIT warns of DPU impact, terminates lease on Changi South property

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Sabana REIT has terminated the lease on 10 Changi South Street 2, and warned that there could be a negative impact on its distribution per unit (DPU) for 4Q 2018.

The lease was terminated as the property’s tenant, Adviva Distribution Pte Ltd, has failed to pay rent, and other sums due under its lease agreement with the REIT.

10 Changi South Street 2 contributed approximately 6.5% of Sabana REIT’s gross revenue for its 2Q 2018.

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