C$ unless otherwise stated
TSX/NYSE/PSE: MFC SEHK: 945
TORONTO, Nov. 20, 2020 /CNW/ - Manulife Investment
Management announces the acquisition of 10 acres of heavy
industrial zoned land, which includes an existing 108,500 square
foot building on behalf of its Manulife Canadian Pooled Real Estate
Fund. Located in Ottawa's dominant
industrial submarket, the land and building are well-suited for
future repositioning or redevelopment.
"Acquiring strategic infill redevelopment sites in established
industrial nodes is an important part of our build-to-core program
to grow our industrial portfolio," said Gregory Sweeney, Manulife Investment
Management's Head of Canadian Real Estate Investments.
The Belfast-Sheffield industrial submarket is sought after
by tenants for its central location and excellent highway access,
which provides connectivity to major shipping routes as well as
Ottawa's downtown. On a mid- to
long-term basis, robust market fundamentals and the prime location
of the land create an attractive redevelopment opportunity. The
acquisition of 2105 Bantree is in a strategic location, adjacent to
Innes Business Park, which is also managed by Manulife Investment
Management.
About Manulife Investment Management, Private
Markets
Manulife Investment Management's comprehensive
private markets capabilities include real estate, private equity
and credit, infrastructure, timber and agriculture. Through its
real estate group, Manulife Investment Management develops and
manages commercial real estate for thousands of customers around
the globe. As of September 30, 2020,
the real estate portfolio totals over 63 million square feet of
office, industrial, and retail space and over 6,000 multifamily
units strategically located in markets across Canada, the U.S., and Asia. The group leverages its global platform
and local expertise to provide market-leading solutions for its
tenants and deliver results for its partners.
Additional information about our Real Estate group can be found
at www.manulifeim.com/realestate.
About Manulife Investment Management
Manulife
Investment Management is the global wealth and asset management
segment of Manulife Financial Corporation. We draw on more than a
century of financial stewardship and the full resources of our
parent company to serve individuals, institutions, and retirement
plan members worldwide. Headquartered in Toronto, our leading capabilities in public
and private markets are strengthened by an investment footprint
that spans 17 countries and territories. We complement these
capabilities by providing access to a network of unaffiliated asset
managers from around the world. We're committed to investing
responsibly across our businesses. We develop innovative global
frameworks for sustainable investing, collaboratively engage with
companies in our securities portfolios, and maintain a high
standard of stewardship where we own and operate assets, and we
believe in supporting financial well-being through our workplace
retirement plans. Today, plan sponsors around the world rely on our
retirement plan administration and investment expertise to
help their employees plan for, save for, and live a better
retirement.
As of September 30, 2020, Manulife
Investment Management had CAD$923
billion (US$692 billion) in
assets under management and administration. Not all offerings
are available in all jurisdictions. For additional information,
please visit manulifeim.com.
SOURCE Manulife Investment Management