CHARTER Hall Retail REIT has refinanced a €81 million German debt facility to December 2014, from its previous July 2012 maturity.
The facility is 41% hedged with a current all-in rate of 3.7%1, reduced from the previous rate of 5.1% for this debt facility.
The trust has also completed the sale of one of its few remaining wholly owned United States assets, Lindbergh Crossing in Atlanta, Georgia for a gross sale price of $US3.8 million. Proceeds from this sale will be repatriated back to Australia to be reinvested in the REIT’s Australian portfolio.
Property Review
