The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) says it has agreed to acquire the property located at 21 Joo Koon Crescent for $20.27 million from AVA Global which will then lease back the property for four years.
The property, with a gross floor area of 99,575 square feet and a remaining tenure of about 43 years, includes a three-storey factory building with ancillary office.
Thursday, September 29, 2011
Sabana REIT enters into sale and leaseback deal with AVA Global over Joo Koon property
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