Sabana's manager wants to leave failed merger behind; will work on improving portfolio and performance

Vivienne Tay

Published Sat, Jan 23, 2021 · 05:50 AM

Singapore

THE chief executive officer (CEO) of Sabana Shari'ah Compliant Industrial Reit's manager Donald Han has made it clear that he wants to leave behind the failed merger with ESR-Reit and work on improving the real estate investment trust's (Reit) portfolio and performance.

In a media call on Friday, he said: "I am generally a forward-looking person. There is a lot for us to do in 2021, being a new year. It's a start for us to continue with the refreshed strategy which we started two (to) three years ago, and that continues until we can stabilise our properties."

The Reit is in phase two of the strategy, which consists of rejuvenating select assets and proactively leasing and managing its assets. But perhaps the merger journey was not for nothing. Mr Han said the manager is trying to incorporate into its strategy the …