12 Apr '17, 8pm

[email protected] purchases property at the heart of #Singapore CBD

Manulife’s real estate arm announced that it has acquired an office tower located at the heart of Singapore’s business center. The tower, called 8 Cross Street, is a 28-storey building with 355,000sq ft of space. Located in Raffles Place Central Business District, the building is valued at US$526 million (approximately C$700 million). Learn more about acquisition insurance here. The transaction is the second largest in Manulife Real Estate’s global portfolio to date, a release said. The building will serve as Manulife’s headquarters for its Singaporean operations; the country is the insurer’s third largest market in Asia. Want the latest insurance industry news first? Sign up for our completely free newsletter service now. “Eight Cross Street is our first real estate acquisition in Singapore. It is a reflection of our expanding commitments in Singapore, where Manulife has ...

Full article: http://www.insurancebusinessmag.com/ca/news/breaking-news...

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Manulife purchases property at the heart of Sin...

insurancebusinessmag.com 12 Apr '17, 2pm

Manulife’s real estate arm announced that it has acquired an office tower located at the heart of Singapore’s business cen...

Manulife Real Estate buys #Singapore property for $526 mln

Manulife Real Estate buys #Singapore property f...

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