Sabana REIT's crown jewel, New Tech Park. (Photo: REITsWeek)Sabana REIT's crown jewel, New Tech Park. (Photo: REITsWeek)

Sabana REIT has partnered Keppel EaaS, a wholly owned subsidiary of Keppel Infrastructure, to implement sustainability measures across the REIT’s selected assets.

For a start, Sabana REIT and Keppel EasS will install four “Volt” EV charging stations at the REIT’s 151 Lorong Chuan asset.

The charging stations, which will be open to tenants and the public, will support the adoption of EVs in Singapore, said the REIT.

The installation will be fast tracked, with target completion in 1H 2023, it added.

In addition to this, solar PVs will be installed across four of the REIT’s properties at 10 Changi South Street 2, 34 Penjuru Lane, 3A Joo Koon Circle and 1 Tuas Avenue 4.

The solar PVs will be deployed and maintained by Keppel EaaS and are able to collectively produce over 5,700 Megawatt hours per year, sufficient to power over 1,700 3-room HDB flats for a year.

These solar PVs will also enable the REIT to benefit from lower energy consumption.

The target completion for 10 Changi South Street 2, 34 Penjuru Lane, and 3A Joo Koon Circle is 3Q 2023, while 1 Tuas Avenue 4 is slated for 1H 2024.

In addition to these, Sabana REIT has inked a sustainability partnership memorandum of understanding (MOU).

Under the MOU, Sabana REIT will utilise Keppel EaaS’s energy-as-a-service offering and work towards becoming one of Singapore’s first carbon neutral industrial REITs by 2040.

Sabana REIT was last done on the Singapore Exchange at SGD0.435, which presently implies a distribution yield of 7.01% according to data on the Singapore REITs table.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.