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1 151 Lorong Chuan, 200 Pandan Loop, 8 Commonwealth Lane and 123 Genting Lane, which leases expired on 25 November 2013.
2 508 Chai Chee Lane.
3 9 Tai Seng Drive.
OPERATIONS
REVIEW
A TREND TOWARDS DIRECT MANAGEMENT
As at 31 December 2013, master-tenanted properties accounted for 59.3% of Sabana REIT’s total net
lettable area (“NLA”), down from 95.0% a year ago. Multi-tenanted properties, which accounted for only
5.0% of total NLA at year-end 2012, rose to 40.7% in FY 2013.
These included four master-tenanted properties1 that were successfully converted into multi-tenanted
properties in FY 2013, one new acquisition2 and a property3 that was acquired at the time of Sabana REIT’s
listing. As at 31 December 2013, Sabana REIT directly managed six of the 22 properties in the portfolio.
LEASE TYPE BY NLA
Master-tenanted
Multi-tenanted
59.3%
40.7%
SABANA REIT | ANNUAL REPORT 2013
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