<div id="readability-page-1"><p>The Singapore-listed trust disclosed in an exchange filing last Wednesday that the loan, granted by property developer CDL’s unit City Strategic Equity, will help cover a portion of the construction costs for its Berlin Campus, a single-tenant, single-use office development, as reported by <em>The Edge Singapore</em>.</p><p>The loan facility carries a per annum interest rate pegged to the Euro Interbank Offered Rate (EURIBOR) plus a margin of 3.55%.</p><p>It also contains a change-of-control clause requiring IREIT Global to prepay the loan if CDL or its subsidiaries cease to be substantial shareholders of the trust’s manager, IREIT Global Group.</p><p>IREIT Global Group is jointly owned by alternative asset manager Tikehau Capital and CDL, both of which also act as the trust’s joint sponsors, according to information on its website.</p><p><em>The Business Times</em> reported earlier this year that the manager intends to redevelop the Berlin Campus into a mixed-use, multi-let property incorporating office, retail and hospitality components. The former main tenant, Deutsche Rentenversicherung Bund, vacated the development late last year.</p><table><tbody><tr><td><img src="https://imageproxy.pbkrs.com/https://vcdn1-english.vnecdn.net/2025/12/29/67-1766998702-9352-1766998929.jpg/query-ZHByPTEmZml0PWNyb3AmaD0wJnE9MTAwJnM9MUszd1FFam9vZkpnd2RyZi1lSmVxZyZ3PTY4MA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="680" height="358" original-src="https://imageproxy.pbkrs.com/https://vcdn1-english.vnecdn.net/2025/12/29/67-1766998702-9352-1766998929.jpg/query-ZHByPTEmZml0PWNyb3AmaD0wJnE9MTAwJnM9MUszd1FFam9vZkpnd2RyZi1lSmVxZyZ3PTY4MA"/></td> </tr><tr><td> <p>IREIT Global's Berlin Campus development. Photo courtesy of IREIT Global</p> </td> </tr></tbody></table><p>The trust has secured two key hospitality tenants for the redevelopment project. It said in a business update for the third quarter released last month that the repositioning is expected to have a &#34;significant impact&#34; on its distributions to unitholders.</p><p>IREIT says on its website that its portfolio consists of five freehold office assets in Germany and four in Spain, along with 44 retail properties in France, with total lettable space of about 425,000 square meters.</p><p>Excluding the Berlin Campus, its portfolio occupancy stood at 89% as at Sep. 30, lower than the previous quarter’s 89.5%, it said in the update.</p><p>CDL is controlled by the Kwek family, which is led by billionaire Kwek Leng Beng and ranked second on <em>Forbes</em>’ list of Singapore’s 50 richest this year with an estimated net worth of US$14.3 billion.</p></div>

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<p>IREIT Global 是一家專注於歐洲的房地產投資信託，已從城市發展有限公司的子公司 City Strategic Equity 獲得 1250 萬歐元（約合 1470 萬美元）的貸款。該貸款將用於資助柏林校園辦公樓開發的建設成本。貸款利率與 EURIBOR 加 3.55% 掛鈎，幷包含變更控制條款。IREIT Global 計劃將該地點重新開發為綜合用途物業。該信託的投資組合包括五個位於德國的辦公資產和四個位於西班牙的辦公資產，截至 9 月 30 日，整體入住率為 89%</p>

新加坡億萬富翁郭氏家族旗下的城市發展有限公司向專注於歐洲的房地產投資信託基金提供了 1470 萬美元的貸款便利