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Manulife US Reit occupancy drops to 94.3%

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Vivienne Tay

Vivienne Tay

Published Thu, Nov 5, 2020 · 09:50 PM

Singapore

MANULIFE US Real Estate Investment Trust's (Manulife US Reit) manager on Wednesday said portfolio occupancy declined to 94.3 per cent for the three months ended Sept 30.

This was largely due to known expiries unrelated to the Covid-19 pandemic and a slowdown in new leasing nationwide, according to a business update.

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