THE following companies saw new developments that may affect trading of their securities on Tuesday (Apr 11):
SABANA Industrial Real Estate Investment Trust posted a rise in its portfolio occupancy to 92.6 per cent as at Mar 31, up from 91.2 per cent as at Dec 31, 2022.
The Reit saw strong leasing momentum backed by robust demand from third-party logistics providers between January and March this year, with significant growth in demand for the Reit’s warehouse and logistics properties, its manager said in a bourse filing on Monday (Apr 10).
The Reit’s total portfolio occupancy excludes its property at 1 Tuas Avenue 4, which is undergoing asset enhancement initiatives.
PROPERTY player Centurion Corporation is disposing of a property in Seoul, South Korea, for a consideration of 21.3 billion won (S$21.5 million).
The disposal is being carried out as part of a rationalisation of Centurion’s asset portfolio, it said on Monday (Apr 10). It added that it intends to “align and focus” its asset portfolio, on countries where it believes it can “expand and scale up its operations”.
The property, located at 188-5 Hoegi-ro, Dongdaemun-gu, is owned by the group’s joint venture, IGIS Centurion No 238 Professional Investors Private Real Estate Investment (REF).
