Shares & Derivatives
Upcoming IPO – Manulife US Reit
By Invest Openly  •  June 30, 2015
If everything goes well, the first ever pure-play US office REIT - Manulife US Reit, will start trading in SGX from 2pm on 15th July 2015. Yesterday, the preliminary prospectus has been lodged with MAS for the $629.2 million IPO. Basing on the initial report, the targeted IPO price is $0.82 and following are some of the key details :
  1. The initial portfolio of Manulife US Reit will comprises of 3 US office properties with an aggregate net lettable area of about 1.46 million sq ft, they are :
  2. 12-story Class A office building a few blocks from the White House in Washington DC
  3. 35-story Class A office building in South Park district of Downtown Los Angeles
  4. 19-story office building in Irvine, Orange County, within the Greater Los Angeles market
  5. It plans to grow its portfolio through acquisition from third parties ...
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By Invest Openly
My name is Richard Ng and I am a Malaysian turned Singaporean. This is a personal blog of mine detailing my venture in Share Investment Project. All the details in this blog are from my real venture (as it happens) and all amount quoted are in SGD (Singapore Dollars), unless otherwise stated.
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