The occupant will take up about 64 per cent of the total lettable area of the building
The manager of Sabana Industrial Real Estate Investment Trust (Reit) announced on Tuesday (Sep 10) that it had secured its first tenant to occupy the newly completed Sabana@1TA4 building, which is located at 1 Tuas Avenue 4.
The occupant is one of Singapore’s leading manufacturers of interior products. The tenant will occupy the annex block of the building, which comprises a three-storey warehouse, production and ancillary office. The space amounts to about 64 per cent of the total lettable area of the property.
The manager of the Reit said that the tenant has served the public sector and some of the biggest developers in the private residential markets.
Headquartered in Singapore, the company also caters to commercial and institutional spaces in Singapore while its affiliate firm serves the interior product needs of the international markets and consumer segment.
Apart from its production activities at Sabana@1TA4, the tenant will be investing significantly in its facilities including the interior design of its ancillary office within the property, said the Reit manager.
Rental contribution from the new tenant is expected from the first quarter of 2025.
The remaining space at Sabana@1TA4, which is about 50,000 square feet, is made up of a single storey adjoining block and is currently being marketed, preferably to a single user, added the manager.
Sabana@1TA4 obtained its Temporary Occupation Permit on July 9, 2024.
Units of Sabana Reit closed flat at S$0.350 before the announcement.
