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

Sabana Industrial REIT (Sabana REIT) unitholders have marked a new dawn for the industry in Singapore by voting for the internalisation of its manager.

Resolutions to remove the REIT’s current manager and appoint an internal management structure were passed at an extraordinary general meeting (EGM) on 7 August.

This manager is owned by the REIT’s sponsor and largest unit holder, ESR Capital.

Related: Battle for Sabana REIT 2023

Dear members, please login to continue reading this article.

Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?

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.