Manulife US Reit acquires two US properties for US$387m
It sets up a US$1b multicurrency debt issuance programme to boost its financial flexibility
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Singapore
MANULIFE US Real Estate Investment Trust (Manulife US Reit) on Friday announced it has entered into agreements to acquire two properties in the US for US$387 million, and has established a US$1 billion multicurrency debt issuance programme aimed at increasing its financial flexibility by diversifying its sources of funding.
The properties acquired are 1750 Pennsylvania Avenue in Washington DC and the Phipps Tower in Buckhead, Atlanta, Manulife US Reit said in filings with the Singapore Exchange.
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