Singapore-listed IREIT Global (UD1U) said on Sep, 3 2026 that it has completed the refinancing of its Spanish property portfolio on improved terms, securing the lowest applicable bank margin available for the facility.

The new facility is fully hedged, bringing the real estate investment trust’s overall hedged proportion of total debt to 97.4%. As a result, IREIT Global’s weighted average all-in cost of debt is expected to rise to 4.6% from 4.3%, reflecting higher hedging costs in the current interest-rate environment.

The transaction also lengthens the weighted average debt maturity of the trust’s portfolio to 2.6 years from 2.2 years, reducing near-term refinancing risk.

Chief Executive Officer Peter Viens said the deal “enhances cash flow visibility, reduces refinancing risk and further strengthens IREIT’s overall debt profile.”