New Century Resort Qiandao Lake Hangzhou, a property of New Century REIT. (Photo: New Century REIT)

New Century REIT has taken on new loans, and restructured an existing facility in its bid to save on financing costs.

The REIT has taken on an RMB788.1 million loan with New Century Tourism, and a RMB100 million loan with Huge Harvest.

New Century, and Huge Harvest are affiliated companies of New Century REIT.

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By Shariffa Al-Habshee

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