This article is from the Australian Property Journal archive
THE Charter Hall Office REIT has extended the maturity dates for the debt facilities secured by its Japanese portfolio and the One California Plaza property in the United States.
A one year extension, to 30 November 2011, has been secured for the JPY3.36 billion (approx $A41.4 million) debt facility for the Japanese portfolio. This extension is to allow for the sale of these properties in line with the trust’s strategy of re-weighting back to Australia.
In addition, the MPG Office Trust joint venture also extended the maturity date of its US$146 million asset level debt facility for One California Plaza, Los Angeles until 1 March 2011, pending resolution of a five year extension to the current facility.
Australian Property Journal
