, Singapore

Sabana REIT to acquire Eunos Avenue property for $20m

It is a six-storey single-user light industrial building.

Industrial group Sabana REIT announced that it will be acquiring a property located at 72 Eunos Avenue 7 for $20m.

The 67, 977 sq ft. property is a six-storey single-user light industrial located on the north-western side of Eunos Avenue 7, off Sims Avenue and Paya Lebar Road and approximately 7.0 km from the City Centre.

The group disclosed that the property is a HDB leasehold estate of 30 years tenure commencing from 1 January 2011 with a remaining tenure of approximately 24 years.

The acquisition will be funded by equity, borrowings or a combination of both, the group said.

Sabana said the transaction is in line with the its aim to acquire income-producing real estate and real estate-related assets used for industrial purposes which provide stable cash flows so as to generate stable and growing returns for the Unitholders.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Get Singapore Business Review in your inbox
It will apply to vaccines administered in Singapore under SAR.
Its startups may now receive up to US$250,000 investment.
The Lion City also has the highest insurance penetration amongst the six markets at 5.9%.
The bank will anchor up to US$200m or 40% of the fund size, whichever is lower.
A wholly-owned subsidiary of WeWork is occupying 56,977 sq ft of Prime’s California property.
The jobless rate during the quarter also eased, but remained elevated.
The notes are expected to be issued on June 23rd.
Its IP coverage for vaccine complications now include those approved by WHO under EUL.
The Lion City ranks 13th most expensive location for expatriates in the world.
Due to construction delays, buyers may prefer "ready-to-move-in" properties.
Wilmar International saw the sharpest decline during Thursday's trading, with a 1.52% drop.
Its skilled talent pool, logistical network, government funding and physical infrastructure helped it maintain its competitive position as a biomedical hub.
Singapore millennials were found to be more stressed than the global average.
Almost four-fifths (76%) of Singaporean consumers are not satisfied with generic credit offers from their banks, with 24% willing to offer more information in exchange for better rates or lower fees, a FICO study revealed.