Sabana Reit's Q2 DPU falls to 0.81 Singapore cent

25 Jul 2017 - Business Times Breaking News
LOWER contributions from certain properties in its portfolio eroded second-quarter results for industrial landlord Sabana Reit.Sabana Reit's gross revenue fell 2.9 per cent to S$22 million, while net property income for the second quarter was S$12.9 million, which represented a fall of 7.4 per cent from ...
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Sabana Reit drops plan to acquire property at 72 Eunos Avenue 7

23 Jul 2017 - Business Times Breaking News
SABANA Shari'ah Compliant Reit (Sabana Reit) said it has dropped its plan to acquire a property located at 72 Eunos Avenue 7 after the agreement to do so lapsed.This followed earlier terminations on two other acquisitions of 107 Eunos Avenue 3 and 47 Changi South Avenue 2 with different vendors.In a ...
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Sabana Reit drops plans to buy Eunos property

6 Jul 2017 - Business Times Breaking News
THE manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) said on Thursday it has terminated the put and call option agreement for the proposed acquisition of the property at 107 Eunos Avenue 3.This followed feedback from unitholders, Sabana Reit and vendor General ...
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Sabana Reit: Termination Of The Proposed Acquisition Of 107 Eunos Avenue 3, Singapore 409837.

6 Jul 2017 - ShareInvestor Express
Further to the announcement dated 14 December 2016, Sabana Real Estate Investment Management Pte. Ltd., as the Manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust ("Sabana REIT"), wishes to announce that in light of the feedback from unitholders, Sabana REIT and the vendor General ...
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Sabana REIT: Resignation Of Chief Executive Officer & Executive Director.

11 May 2017 - ShareInvestor Express
Mr Kevin Xayaraj, the Chief Executive Officer and Executive Director of the Manager, - Sabana Real Estate Investment Management Pte. Ltd., has tendered his resignation as CEO and Executive Director of the Manager and his resignation has been accepted by the Board. Mr Xayaraj's last day with the Manager ...
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Sabana REIT: Manager Waives 75% Of Its 1Q 2017 Base Fee.

11 May 2017 - ShareInvestor Express
75% of base fee for 1Q 2017 waived to cushion the dilutive effect on the DPU due to general mandate not obtained from Unitholders to issue units as either full or partial payment of Manager's fees. DPU of 0.88 Singapore cents for 1Q 2017 after base fee waiver of 75%...
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CEO of Sabana Reit manager quits; Changi South deal scrapped

9 May 2017 - Business Times Breaking News
KEVIN Xayaraj, the embattled chief executive officer and executive director of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust's manager which had drawn unitholders' revolt has tendered his resignation.In an announcement to the Singapore Exchange, Sabana Reit's manager, Sabana Real ...
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Stocks to watch: Sabana Reit, First Ship Lease Trust, Noble Group

2 May 2017 - Business Times Breaking News
SABANA Reit: The trust's unitholders on Friday overwhelmingly voted against removing its underperforming Reit manager and winding up the Reit vehicle. First Ship Lease Trust: The shipping trust has got a lifeline from Navios Maritime Holdings, involving a mix of equity and debt financing. This includes ...
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Sabana Reit unitholders vote against manager removal, wind-up

28 Apr 2017 - Business Times Breaking News
AT its much anticipated extraordinary general meeting on Friday, Sabana Reit unitholders voted overwhelmingly against removing the underperforming Reit manager (with 69.48 per cent of votes cast against) and against winding up the Reit vehicle (with 71.67 of votes cast against).This means that after ...
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Singapore: Serial Systems acquisition; Viant Commodities JV; Vibrant Group Sabana REIT enlargement

9 Apr 2017 - DealStreetAsia
Serial Systems is acquiring a majority stake in Print IQ, VIant Commodities has launched a Swiss JV and VIbrant Group is enlarging its stake in Sabana REIT’s manager. Serial Systems is acquiring a 70 per cent stake in Singapore-incorporated Print IQ in an effort to grow additional income streams, with ...
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