The manager of Sabana Industrial Real Estate Investment Trust (Sabana REIT) M1GU has filed its defence against Kleio One-Solution’s counterclaim in response to the originating claim the REIT filed against its tenant on Nov 17.
On Dec 28, Sabana REIT sought to clarify the allegations made in Kleio One-Solution’s counterclaim, which the manager says it views as “mischaracterisations” of the REIT’s obligations under lease.
The manager of Sabana REIT has denied the counterclaim in its entirety and has left the suit to the Singapore High Court for determination.
Units in Sabana REIT closed 0.5 cents higher or 1.27% up at 40 cents on Dec 28.
