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

Switzerland-based Volare Group has once again increased its stake in Singapore-listed Sabana Industrial REIT (Sabana REIT).

Volare is a multi-faceted business group and it has a stake in an entity that operates more than 700 petrol stations across Switzerland.

In 2023, Volare was most noted for its voluntary conditional offer to acquire an additional 10% of Sabana REIT units in issue at SGD0.465, which then represented a premium of about 9% to market prices.

Related: Volare ups stake in Sabana REIT amid ongoing tussle with Quarz

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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.