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Manulife US Reit's US$122m office play

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Annabeth Leow

Annabeth Leow

Published Mon, Apr 29, 2019 · 09:50 PM

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Singapore

MANULIFE US Reit is buying two office towers in Virginia for US$122 million - funded mostly in equity, with about one-third to come from debt.

The pure-play office real estatement investment trust (Reit) is buying the freehold Centerpointe I & II development from US-based Carr Properties, said the manager on Monday.

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