SPH REIT increases debt by USD33 million to fund retail strip


SPH REIT has established a three-year incremental facility loan of SGD45 million (USD33 million) to partially finance the acquisition of The Rail Mall.

The loan will be drawn from the REIT's SGD975 million facility that was established in July 2013.

The Rail Mall is a retail strip with 43 single-storey units along Upper Bukit Timah Road.

Read: SPH REIT adds retail strip to property portfolio for USD47 million.

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