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

Real estate company ESR and activist investment manager Quarz Capital are locked in an exchange of open letters, ahead of an extraordinary general meeting (EGM) for Sabana Industrial REIT (Sabana REIT).

The exchanges pertain to the terms of ordinary resolutions that will be voted upon at the EGM which, if passed, would effectively revamp the REIT’s management structure and possibly set a precedent for the REIT sector in Singapore.

Sabana REIT is a Singapore Exchange (SGX)-listed REIT and it owns a portfolio of 18 industrial assets across the country.

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.