Sabana REIT plans DPU growth, underpinned by DRP and general mandate

Goola Warden
Goola Warden4/13/2022 05:28 PM GMT+08  • 7 min read
Sabana REIT plans DPU growth, underpinned  by DRP and general mandate
Sabana REIT's manager says REIT is ready for DPU-enhancing growth
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Donald Han, CEO of the manager of Sabana Industrial REIT, is looking for support from unitholders in the REIT’s upcoming AGM to continue with his refreshed strategy.

Phase 1 of the refreshed strategy comprises divesting non-performing and mature assets. Phase 2 comprises asset enhancement initiatives (AEIs) such as the addition of 43,000 sq ft of GFA to New Tech Park and the addition of a mall called NTP+ to the property at 151 Lorong Chuan. Phase 3 will focus on accretive acquisitions. Han has articulated a target of $1 billion in assets in the next three to five years.

“In 2018, we decided to prioritise Phase 1 to divest non-performing assets, Phase 2 is about AEIs and Phase 3 on accretive acquisitions,” Han says.

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