IREIT Global Completes Spanish Portfolio Refinancing and Extends Debt Maturity

SGX Filings
Sep 03

IREIT Global (UD1U) announced on Sep, 03 2026 that it has completed the refinancing of its Spanish portfolio, securing the lowest bank-margin tier after a period of improved leasing momentum, higher occupancy and stronger net operating income.

The transaction includes interest-rate hedges covering 100% of the refinanced loans, raising the proportion of the trust’s total debt that is hedged to 97.4%.

IREIT Global’s weighted average debt maturity has been extended to 2.6 years from 2.2 years, while the weighted average all-in cost of debt is projected to increase to 4.6% from 4.3% due to higher hedging costs in the current interest-rate environment.

The manager said the refinancing enhances cash-flow visibility and supports the maintenance of a well-staggered debt maturity profile, thereby reducing near-term refinancing concentration.

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