- 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 :
- 12-story Class A office building a few blocks from the White House in Washington DC
- 35-story Class A office building in South Park district of Downtown Los Angeles
- 19-story office building in Irvine, Orange County, within the Greater Los Angeles market
- It plans to grow its portfolio through acquisition from third parties ...
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 :