IREIT Global (UD1U) announced on Sep, 03 2026 that it has completed the refinancing of its Spanish portfolio, securing the lowest bank-margin tier after a period of improved leasing momentum, higher occupancy and stronger net operating income.
The transaction includes interest-rate hedges covering 100% of the refinanced loans, raising the proportion of the trust’s total debt that is hedged to 97.4%.
IREIT Global’s weighted average debt maturity has been extended to 2.6 years from 2.2 years, while the weighted average all-in cost of debt is projected to increase to 4.6% from 4.3% due to higher hedging costs in the current interest-rate environment.
The manager said the refinancing enhances cash-flow visibility and supports the maintenance of a well-staggered debt maturity profile, thereby reducing near-term refinancing concentration.