Champion REIT property, Langham Place. (Photo: Google Maps)

Champion REIT has obtained HKD5.3 billion (USD675 million) worth of five-year unsecured loan facilities from nine leading financial institutions in Hong Kong.

The new unsecured facilities comprise of a HKD5.0 billion term loan facility, and approximately HKD300 million revolving credit facility.

The loans will be partly deployed by Champion REIT to refinance its HKD3.7 billion secured loan due this year.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.