Sabana REIT's property near Serangoon, New Tech Park. (Photo: REITsWeek)

Dissenting unitholders of Sabana REIT have issued strong words against real estate company ESR Cayman in a row over the resignation of two new independent non-executive directors from the REIT’s board.

In its latest open letter, the unitholders have also reiterated their demand for the REIT’s manager to return the SGD2.7 million that was incurred in its failed merger bid with ESR-REIT to unitholders.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.