Sabana Industrial REIT (Sabana REIT) has made further progress in its effort to lease up an asset it recently repossessed from a delinquent tenant.
The milestone was announced by the REIT in an update issued on 11 September.
Sabana REIT is a Singapore-focused REIT that owns a portfolio of mostly general industrial assets across the country.
One of these assets, 33 & 35 Penjuru Lane, became the subject of a legal tussle after the tenant occupying it went delinquent on its rent payments.
Related: Sabana REIT turns to multi-tenanted approach in wake of lease delinquencies
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