Manager of Sabana REIT says mulling potential asset sale and strategic partnership as part of review

SINGAPORE (March 2): The manager of Sabana REIT has revealed it is evaluating a potential sale of all units or assets of the REIT or the potential sale of the manager as part of its strategic review exercise conducted through Morgan Stanley Asia (Singapore).

(See also: Sabana REIT to undertake strategic review)

In a response to queries by the Singapore Exchange last night, CEO Kevin Xararaj says the board is also sourcing and considering potential strategic partners who can contribute pipeline of quality assets to Sabana REIT to improve the current property portfolio mix, improve its borrowing ability of the REIT and enhance the capability of the management team.

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