THE Centuria Metropolitan REIT has entered into a five-year interest rate swap agreement with National Australia Bank over its $48 million debt facility at an interest rate of 4.1%.
Centuria’s CEO listed property Nicholas Collishaw said in line with its conservative management strategy, Centuria has acted quickly to hedge 100% of the REIT’s interest rate exposure taking advantage of recent falls in interest rates.
“In doing so, the REIT has minimised the risk of interest rate movements over the next five years,” he said.
Australian Property Journal
