Proposed acquisition of Sabana paves way for further consolidation of Singapore REITs

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A wholly-owned subsidiary of Warburg Pincus-linked ESR Cayman Limited has proposed to acquire a controlling stake in the shareholder of Sabana REIT’s manager, which paves the way for further consolidation in the Singapore REITs sector.

The subsidiary, InfinitySub, is proposing to acquire a controlling stake in Blackwood Investments, which is in turn a legal and beneficial owner of 45 ordinary shares in Sabana Investment Partners - the manager of Sabana REIT.

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