It is part of the ongoing asset enhancement initiative (AEI) at NTP. It is located opposite Lorong Chuan MRT station. As at March 10, some 80.2% of NTP+’s units have been taken up. The food court has also been leased, bringing the total occupancy for NTP+ to 83.4%.
Another 13.5% units are under offer. Tenants secured include Collins, Wine Connection and Dutch Colony Coffee. “We are pleased to have reached this milestone for NTP+. The AEI at NTP underscores our focus to rejuvenate and sharpen our portfolio offerings as part of our Refreshed Strategy, by providing a vibrant ‘Work, Learn and Entertainment’ environment for our tenants and the surrounding community. For the REIT, the opening of NTP+ will strengthen NTP’s reputation as a preferred business park address,” says Donald Han, CEO of the manager. Units in Sabana REIT closed 0.5 cent higher or 1.4% up at 37.5 cents on March 10.