Sabana Industrial REIT's (SGX:M1GU) Internalization Committee and Directors Elect (ICDE) will vote against all the resolutions requisitioned on Jan. 17 at the upcoming extraordinary general meeting in March, according to a filing with the Singapore Exchange on Wednesday.

The ICDE also called on unitholders to oppose the resolutions, which include a proposal to conduct a price discovery process aimed at selling all or most of the REIT's assets.

The committee said it plans to consider several strategic options, including the sale of the entire portfolio, to "maximize the value for Sabana unitholders" once a new internal manager takes over.

The transition to a new internal manager is expected in the second quarter of 2025, subject to regulatory approvals, the disclosure said.