PUBLISHED Wednesday, April 12, 2017
MANULIFE Real Estate, the global real estate arm of Manulife Financial Corp, said on Tuesday it acquired 8 Cross Street, a 28-storey office tower in Singapore, for US$526 million.
The 355,000-square foot property, located in the Central Business District, will house Manulife Singapore’s operations.
The deal is Manulife Real Estate’s first real estate acquisition in the Republic and the second largest in its global portfolio as for now, the company said.
Manulife Financial is Canada’s biggest insurer. REUTERS
Source: http://www.businesstimes.com.sg/real-estate/manulife-real-estate-buys-spore-office-building-for-us526m
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