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Sabana REIT files $2.1 mil claim against tenant Kleio One-Solution

Bryan Wu
Bryan Wu • 2 min read
Sabana REIT files $2.1 mil claim against tenant Kleio One-Solution
Sabana REIT's NTP+ Mall. Photo: Sabana REIT
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The manager of Sabana Industrial Real Estate Investment Trust (Sabana REIT) (SGX:M1GU) has filed a claim of $2.1 million against tenant Kleio One-Solution.

On Nov 17, the manager announced that it had filed an originating claim to the Singapore High Court against the master lessee of its premises located at 33 and 35 Penjuru Lane.

Aside from the sum of approximately $2.1 million, which accounts for outstanding fixed rent, land rent, property tax and late payment interest as at Nov 15, the manager is also filing to reclaim possession of the premises.

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