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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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.