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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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1750 Pennsylvania Avenue in Washington, purchased for US$182 million, is a 13-storey office building located a block away from the White House and is close to the IMF, World Bank and the Fed.

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The Phipps Tower, purchased for US$205 million, is a 19-storey office tower located in one of the primary business districts of Atlanta.

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

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