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Sabana REIT posts portfolio occupancy of 79.0%, 96.7% occupancy for NTP+ in 1Q update

Felicia Tan
Felicia Tan • 2 min read
Sabana REIT posts portfolio occupancy of 79.0%, 96.7% occupancy for NTP+ in 1Q update
Units in Sabana REIT closed flat at 43.5 cents on April 22.
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The manager of Sabana Shari’ah Compliant Industrial REIT (Sabana REIT) has posted that it has received its temporary occupation permit (TOP) for NTP+, which is slated to open in 2Q2021.

Rental contributions are also expected to start at the same time, says Donald Han, CEO of the manager.

The lifestyle mall located at New Tech Park (NTP) is currently undergoing asset enhancement initiatives (AEI).

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