Manulife US REIT plans to divest three properties to raise $453m
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Manulife US REIT plans to divest three properties to raise $453m as part of its Growth and Value Up Plan. The divestments include properties in California, New Jersey, and Georgia. The REIT seeks shareholder approval for acquisitions and investments worth up to $777m. The plan aims to diversify its portfolio beyond the US office sector into industrial, living, and retail assets across the US and Canada.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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