THE Charter Hall Office REIT has extended the maturity dates for the debt facilities secured by its Japanese portfolio and the One California Plaza property in the United States.
A one year extension, to 30 November 2011, has been secured for the JPY3.36 billion (approx $A41.4 million) debt facility for the Japanese portfolio. This extension is to allow for the sale of these properties in line with the trust’s strategy of re-weighting back to Australia.
In addition, the MPG Office Trust joint venture also extended the maturity date of its US$146 million asset level debt facility for One California Plaza, Los Angeles until 1 March 2011, pending resolution of a five year extension to the current facility.
Australian Property Journal
