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Manulife US Reit completes acquisition of Plaza

500 Plaza Drive in New Jersey has an occupancy of 98.9% and a long weighted average lease expiry of 9.2 years based on committed leases as at March 31, 2017.


MANULIFE US Reit has completed its maiden acquisition in the US - 500 Plaza Drive (Plaza) in New Jersey - boosting the real estate investment trust's total portfolio valuation by 13.9 per cent to US$950.2 million.

The 11-storey freehold Class A office building has an...

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