Donald Han, CEO of Sabana Industrial REIT. (Sabana Industrial REIT)Donald Han, CEO of Sabana Industrial REIT. (Sabana Industrial REIT)

Sabana Industrial REIT (Sabana REIT) has pointed to the risks that may arise with Quarz Capital’s proposals, which have called for various measures including an internalisation of the REIT’s manager.

Quarz issued a letter to Sabana REIT on 7 June, requesting its manager to convene an extraordinary general meeting (EGM) during which resolutions to effect these measures would be voted upon by unitholders.

But Sabana REIT has described the measures proposed as “overly simplistic” and lacking in clarity with regards to timeline and implementation.

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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.