On Nov 17, 2023, the manager announced that it had filed an originating claim with the Singapore High Court against Klein One Solution, which is the master lessee of its properties at 33 and 35 Penjuru Lane.
One of Sabana Industrial REIT’s tenants, Klein One Solution, has begun the processes necessary to enter into creditors’ voluntary liquidation, announced the REIT manager on Sept 11. The manager received the notice on Sept 9.
In its Sept 11 announcement, the manager added that it is presently taking legal advice and will take active steps to protect the interest of the REIT, including mitigating any losses arising from this development.
