Sabana REIT sponsor, Vibrant Group, is entering into a transaction to sell both its 51% stake in the trust manager and its 6.51% of the trust itself to vehicles owned by ESR REIT. The total transaction, representing S$62.2 million, will allow the seller to repay debt, while the buyer is strengthening its position on Singapore's industrial REITs after having absorbed Viva Industrial Trust last year.
Sabana's Sponsor Sell Stake in Trust, Manager to ESR
News about ESR-REIT —
|Yield (4 quarters)||7.42%|