Manulife US REIT Completes Divestment of US Property; Shares Up 5%

MT Newswires05-28

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

In an earlier filing, the REIT's indirect wholly owned subsidiary, Hancock S-REIT ATL, agreed to sell the freehold property for $133.8 million.

Shares of the REIT were up nearly 5% in recent trading.

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