Real Estate

Manulife Adds 21-Storey Tower Block In Hong Kong To Property Empire

Tom Burroughes Group Editor September 28, 2015

Manulife Adds 21-Storey Tower Block In Hong Kong To Property Empire

The financial firm has added another office to a global property empire that now comprises 58 million square feet.

Hong Kong-listed Manulife (International), part of the Canada-headquartered financial services conglomerate, has completed its purchase of the suitably-named Manulife Tower in Hong Kong’s new central business district. The tower comprises 21 floors and is located at 83 Hoi Bun Road, Kowloon East.

A ceremony to complete the deal was attended by Michael Huddart, Manulife's executive vice president and general manager for Greater China, and Douglas Woo, vice chairman and managing director of Wheelock Properties.

Manulife will take occupancy of Manulife Tower by the end of 2015. The new building will serve as the office of some of the company's regional and Hong Kong operations, and also the majority of its agency offices. Other Manulife offices continue to be located in Causeway Bay and Kwun Tong, Manulife said.

Manulife Tower is the latest acquisition to Manulife's global real estate investment portfolio, which includes more than 58 million square feet in key markets across Canada, the US and Asia.

 

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