The development cost of approximately $20 million will be internally funded.
The manager of Sabana Industrial REIT (SGX:M1GU
) has obtained provisional permission from the Urban Redevelopment Authority for the additions and alterations works to 1 Tuas Avenue 4 (1TA4), a key milestone for the commencement of asset enhancement initiative (AEI) at the property.
1TA4 is in close proximity to Tuas Mega Port and Tuas Medical Park. The main contractor for the project has been appointed, according to the trust’s bourse filing.
