About 83.01% of unitholders also approved MUST’s resolution to acquire properties beyond the US office sector into industrial, living and retail assets in the US and Canada. The aggregate agreed property value of properties acquired or investments made must not exceed US$600 million.
Manulife US REIT (MUST) has been given the green light by its unitholders to proceed with the disposal of three existing properties and to acquire properties beyond the US office sector.
At its extraordinary general meeting (EGM) on Dec 16, 83.1% of MUST’s unitholders voted for the resolution to sell up to three existing properties to raise not more than US$350 million. These resolutions, which will be part of MUST’s growth and value up plan, were announced on Dec 1.
