Soilbuild REIT’s tenant at Pioneer Sector 1 at risk of judicial management

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A tenant of Soilbuild Business Space REIT (Soilbuild REIT) is now at risk of being placed under judicial management, casting uncertainty over future revenue from the property that it currently occupies.

The tenant, NK Ingredients Pte Ltd, currently occupies the REIT’s property at 2 Pioneer Sector 1.

NK Ingredients first defaulted on its rents at the property in 2017, owing Soilbuild REIT some SGD3.42 million then.

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