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Sabana REIT’s purchase of Changi South property from Vibrant draws scrutiny

feily.sofian@bizedge.com
Updated

SINGAPORE (Feb 28): Sabana Shari’ah Compliant Industrial Real Estate Investment Trust is proposing to acquire a four-storey light industrial building at 47 Changi South Ave 2 from its sponsor, Vibrant Group, at a per-square-foot price that is well above recent transactions in the area. That raises questions about the independent valuations provided by the three big-name property consultancies in support of the transaction.

To read the full story, click: http://theedgemarkets.com.sg/article/sabana-reit%E2%80%99s-purchase-changi-south-property-vibrant-draws-scrutiny

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