Nippon Prologis REIT's Prologis Park Amagasaki 2 (Photo: Nippon Prologis REIT)

Nippon Prologis REIT is refinancing its existing debts by taking out new unsecured loan tranches with Sumitomo Mitsui Banking Corporation (SMBC), and MUFG Bank.

The loans total up to JPY6.3 billion (USD57 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.