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7 stories mentioning SGX:BTOUUpdated 8d ago

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Asia

Manulife US Real Estate Investment Trust Completes Sale of Los Angeles Building for $92.5 Million

Manulife US Real Estate Investment Trust (SGX:BTOU) or MUST completed the sale of a 35-storey office building in Los Angeles to a municipal entity for $92.5 million, according to a Wednesday filing in Singapore.Net proceeds from the sale of its Figueroa property, set at about $82 million, to settle its outstanding loan due in 2026 and partially repay loans due in 2027, MUST said.The sale will help MUST achieve a minimum sales target of $328.7 million under a master restructuring agreement with lenders.

SGX:BTOU
Asia

Correction: Manulife Financial Corp Files for Singapore Listing of SG$500 Million Worth of Bonds

(Corrects throughout to remove reference to Manulife US REIT and add Manulife Financial Corp's ticker)Manulife Financial Corp (HKG:0945) filed for the listing of SG$500 million worth of 2.88% subordinated bonds due 2036 on the Singapore bourse.The bonds will be listed and quoted in the Bonds Market on June 5, according to a filing with the Singapore Exchange on Thursday.

HKG:0945SGX:BTOU
Asia

Manulife US REIT's Unit Files for Singapore Listing of SG$500 Million Worth of Bonds

Manulife US REIT's (SGX:BTOU) unit, Manulife Financial Corp., filed for the listing of SG$500 million worth of 2.88% subordinated bonds due 2036 on the Singapore bourse, according to a filing with the Singapore Exchange on Thursday.The bonds will be listed and quoted in the Bonds Market on June 5, the REIT added.

SGX:BTOU
Asia

Manulife US REIT Receives Initial Deposit for US Property Divestment

Manulife US REIT (SGX:BTOU) received an initial deposit of around $1.9 from the City of Los Angeles in connection with the sale of the trust's Figueroa property in California, US, according to a Tuesday filing with the Singapore Exchange.The divestment is expected to conclude during the second quarter of the year. Following the completion, the REIT will own six properties across the US.The REIT had earlier proposed to divest the property, a 35-story office building, for $92.5 million.

SGX:BTOU
Asia

Manulife US REIT Slates Figueroa Property Sale for Q2 Completion

Manulife US REIT's (SGX:BTOU) disposal of the Figueroa property in California is on track to be completed during the second quarter of the year after the City of Los Angeles, through the Department of Water and Power, secured the necessary regulatory approvals and signed the purchase and sale agreement for the asset.Earlier, the REIT had proposed to divest the property for $92.5 million.Upon completion, the REIT will have six properties in the US with a net lettable area of around 2.8 million square feet, according to a Wednesday filing with the Singapore Exchange.

SGX:BTOU
Asia

Manulife US REIT's Portfolio Occupancy Inches Down in Q1

Manulife US Real Estate Investment Trust's (SGX:BTOU) portfolio occupancy inched down in the first quarter of the year to 67.6% from 67.7% in the previous quarter.Portfolio weighted average lease expiry, however, improved to 4.7 years from 4.5 years at the end of Q4 2025, according to a Wednesday filing with the Singapore Exchange.

SGX:BTOU
Asia

Manulife US REIT Secures 65-Month Lease Extension in the US

Manulife US REIT (SGX:BTOU) said ACE American Insurance Company signed a 65-month lease extension at 10 Exchange Place in New Jersey, US, according to a Thursday filing with the Singapore Exchange.ACE will retain its entire 117,280 square feet office space, with the rental rate remaining the same.Meanwhile, the renewal extends the property's WALE to 4.5 years.

SGX:BTOU

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