Sabana REIT has obtained provisional permission from the Urban Redevelopment Authority for additions and alterations works to 1 Tuas Avenue 4.

As such the REIT is now cleared to commence asset enhancement initiative (AEI) works at the asset.

Related: Sabana REIT throttles down on acquisition plans amid volatile market

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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.