The letter suggested that the REIT appoint an internal manager as well as “qualified candidates” of the internal manager.
The internationalisation of property management costs may be counter-productive for Sabana REIT (SGX:M1GU
) , says the team at DBS Group Research.
On the morning of June 8, the REIT manager announced that it had received a letter from activist investor Quarz Capital Asia the day before.
