Manulife Wants a Big Presence in Singapore, Buys PwC Building

Manulife Financial Corporation (Manulife) is keen on expanding its financial footprint in Southeast Asia. In its first property deal in Singapore, Manulife Real Estate acquired 8 Cross Street (known as the PwC Building), a 28-storey, 355,000 square foot, Class A office tower, for the price of US$ 526 million from DBS Group Holdings. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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