Manulife US Reit Proposes Strategic Pivot to Retail, Living and Industrial Sectors

Manulife US Reit proposes strategic pivot to retail, living and industrial sectors

The Reit seeks mandates from unit holders for US$350m in divestments and US$600m in acquisitions. Read more at straitstimes.com.

Manulife US REIT seeks unitholders' nod to dispose assets and broaden investment mandate

SINGAPORE (EDGEPROP) - Manulife US Real Estate Investment Trust (Manulife US REIT) has announced a comprehensive Growth and Value Up Plan aimed at revitalising its portfolio and positioning the REIT for long-term growth. The plan includes seeking unitholders' approval at an Extraordinary General Meeting on Dec 16 for a new Disposition Mandate, authorising the sale of up to three existing properties to raise up to US$350 million ($454 million) in…

Manulife US Reit proposes strategic pivot to retail, living, industrial sectors

It seeks mandates for US$350 million in divestments and US$600 million in acquisitions