The DBS Group Research team notes that NTP+ has reached 96.7% commitment, up from around 80% reported in early March. Tenants secured include SF Group and Wine Connection, with rental rates reportedly between $8 - $10 per square foot (psf) monthly.
Analysts from DBS Group Research and PhillipCapital are positive on Sabana Shari'ah Compliant Industrial REIT’s prospects ahead of the opening of NTP+, slated for 2Q2021.
The lifestyle mall, which is located at New Tech Park (NTP), comprises around 43,000 square feet of gross floor area (GFA) and is part of ongoing asset enhancement initiatives (AEI) for NTP.
