Manulife US REIT Completes Divestment of US Property

MT Newswires

2025/02/26

Manulife US REIT (SGX:BTOU) completed the divestment of its property in New Jersey, US, according to a filing with the Singapore Exchange on Wednesday.

In an earlier filing, the REIT had agreed to sell the said property, named Plaza, to 500 Plaza Ground Lessor, an unrelated third-party, for $51.8 million.

The divestment is part of the REIT's strategy to repay 2026 debts of around $204 million by June 30.

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