Former ALog Trust chief Karen Lee to lead Sabana Reit’s internal manager

[SINGAPORE] Karen Lee, who previously helmed Ara Logos Logistics Trust (ALog Trust), is expected to be named chief executive officer of the new internal manager of Sabana Industrial Reit.

In a bourse filing on Friday (Aug 22), the Reit’s trustee said that two directors have been appointed to the board of the internal manager – Havard Chi and Bhavik Umesh Doshi.

Aside from Lee’s expected appointment as CEO of the internal manager, Goo Li Ling, formerly of Keppel Fund Management, is expected to be named as chief financial officer.

Lee was chief executive of ALog Trust’s manager from 2020 to 2022. After the trust’s merger with ESR Reit, she became deputy chief executive of the combined entity and led its growth strategy.

Goo was previously managing director for finance at Keppel Fund Management. The chartered accountant has over 20 years of experience in the real estate industry, having previously served as finance head at Suntec Reit’s manager.

Background checks on Lee and Goo have been completed by a third-party service provider, and the Reit’s trustee has provided the results to the Monetary Authority of Singapore (MAS).

The third-party service provider has also completed background checks on a candidate proposed for the role of chief investment officer and head of real estate, and submitted its findings to MAS.

Sabana Industrial Reit ended Friday flat at S$0.41.