Sabana REIT obtains TOP for 1 Tuas Ave 4

The Edge Singapore 07-12

Sabana REIT receives TOP for Sabana@1TA4 for $18 million, below budgeted $20 million Sabana Industrial REIT has obtained Temporary Occupation Permit (TOP) from the Building and Construction Authority ...

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Sabana@1TA4 comprises 156,139 sq ft of warehouse, production and ancillary office space. The property includes ample loading bays with dock levellers and a 25-metre voluminous ceiling height space ideal for an automated storage and retrieval system. The property has been awarded in March 2024 the BCA Green Mark Super Low Energy certification based on the Green Mark Criteria for Green Mark 2021.\nWith its TOP, Sabana@1TA4 is scheduled for the installation of solar panels in 3Q 2024.  The development cost of Sabana@1TA4 is approximately $18.0 million, below the previously announced of approximately $20.0 million. 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