Popular investment: Marina Bay is seen against the backdrop of commercial buildings in Singapore. There are 42 REITs and property trusts in the country with a total market capitalisation of S$98bil (RM335bil). — AFP
SINGAPORE: The upcoming Sabana Industrial REIT EGM has put the spotlight on whether internal or external managers are better for a real estate investment trust (REIT).
Activist investor and unit holder Quarz Capital wants to remove the REIT’s manager and have Sabana’s trustee internalise the management function.
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