Activist fund Quarz says Singapore’s Sabana, ESR-REIT should merge

Activist fund Quarz says Singapore’s Sabana, ESR-REIT should merge

Singapore city skyline. Photo: Nicky Loh/Bloomberg

Sabana Shari’ah Compliant Industrial REIT and ESR-REIT, two Singapore-listed real estate investment trusts, are being urged to merge by activist fund Quarz Capital Management Ltd.