Artist's impression of New Tech Park. (Sabana REIT)Artist's impression of New Tech Park. (Sabana REIT)

Switzerland-based Volare Group has increased its stake in Sabana Industrial REIT (Sabana REIT) amid the ongoing challenge mounted by Quarz Capital.

Sabana REIT has received a requisition letter from Quarz Capital, requesting for an extraordinary general meeting (EGM).

Several ordinary resolutions have been proposed for the EGM, including ones that would result in an internalisation of the REIT’s manager.

Related: Sabana REIT highlights risks of Quarz’s “overly simplistic” proposals

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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.