360 Capital REIT's Responsible Entity Says Co Signs Heads of Agreement for Last Vacancy, Portfolio to Reach 100% Occupancy

MT Newswires Live06-11 14:18

360 Capital REIT's (ASX:TOT) responsible entity, 360 Capital FM, said it has entered into a non-binding heads of agreement (HOA) to lease its remaining 1,332 square meters on Level 2 at 510 Church Street, Cremorne, Victoria, for a four-year term starting July 1, according to a Thursday Australian bourse filing.

The company said the HOA was agreed with no further capital expenditure required, with the portfolio set to reach 100% occupancy upon completion, with a weighted average lease expiry (WALE) of six years by income as at June 30, the filing added.

The fund has also extended its existing debt facility by four years, now expiring in August 2031, with fiscal year 2026 results to be released in early August, it added.

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