Sabana Industrial REIT has reported a significant improvement in its overall portfolio occupancy, reaching 84.9% as of 30 September 2024.
This marks a substantial increase from the 78.8% occupancy rate recorded in the first half of 2024.
A key driver of this improvement has been the strong performance of the REIT's crown jewel New Tech Park property, which saw its occupancy rate climb to 82.0% by the end of September 2024, Sabana REIT disclosed in a statement on 18 October.
Related: Sabana REIT turns to multi-tenanted approach in wake of lease delinquencies
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