Manulife US Reit's private placement oversubscribed
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Michelle Quah
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Singapore
STRONG investor interest has led to the private placement of new units in Manulife US Real Estate Investment Trust (Manulife US Reit) being oversubscribed.
Manulife US Real Estate Management, the manager of Manulife US Reit, said yesterday that its private placement of 73.6 million new units in the Reit was "well over-subscribed with strong participation from new and existing institutional investors".
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