Sabana Shari'ah Compliant Industrial Real Estate Investment Trust | REIT Profile

Symbol: M1GU
Exchange: SGX
HQ: Singapore, Singapore
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Industrial, Office

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Sabana Shari'ah Compliant Industrial Real Estate Investment Trust ("Sabana REIT" or the "Trust") is the first Shari'ah compliant real estate investment trust ("REIT") listed on Singapore Exchange Securities Trading Limited ("SGX-ST") on 26 November 2010. Sabana REIT owns and invests in income-producing real estate used for industrial purposes, as well as real estate-related assets, in line with Shari'ah investment principles. Sabana REIT's portfolio comprised 19 quality industrial properties which are strategically located near to expressways and public transportation across Singapore. Sabana REIT's high-tech industrial buildings are medium rise developments which are conveniently located along the fringes of central locations, or areas that are easily accessible to other parts of Singapore via major expressways and public transport. The buildings have excellent building specifications, including high floor to ceiling height, high floor loading and wide column span. These features provide greater flexibility in terms of space configuration. As a result, these properties are amenable to a wide range of uses and hence appeal to a wider pool of tenants.