Sabana Real Estate Investment Trust (REIT) has recently announced that it has received provisional permission from the Urban Redevelopment Authority (URA) for its proposed S$20 million enhancement works for 1 Tuas Avenue 4.
This is a significant milestone for Sabana REIT, as it marks the REIT’s commitment to continually improve its assets to provide high-quality and modern facilities for its tenants.
The Tuas property is a strategically located warehouse and logistics facility, which has been a key asset in Sabana REIT’s portfolio. With the URA’s approval, the REIT will be able to enhance the property with a verdant green drop-off canopy that will seamlessly integrate with the surrounding public greeneries. This enhancement will also include ample loading bays with dock levelers and a voluminous ceiling height space, becoming an even more attractive location for Singapore businesses looking for a prime logistics and warehousing facility.
The project is targeted to obtain its Temporary Occupation Permit (“TOP”) by 1H 2024.
RLB is proud to be the Project Manager for this project.