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

It may have been built on borrowed time but Sabana REIT’s major refurbishment of its crown jewel asset New Tech Park has translated into tangible benefits for unitholders.

And part of the benefits from this endeavour can be seen in rental reversions achieved by the REIT in the past four quarters, all of which are in the double digits.

This was the viewpoint provided by Donald Han, CEO of Sabana REIT’s manager, in questions posed by REITsWeek on the permission granted by the authorities for New Tech Park to host retail and F&B tenants - for now.

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.