Manulife injects some S-Reit life

The Canadian financial services group prices Singapore's first pure-play US office real estate investment trust, giving the city's static IPO market a welcome boost.

Manulife injects some S-Reit life

Manulife is on course to complete a $470 million Singapore listing of its US office real estate investment trust at the second time of asking, giving S-Reit deal makers a welcome confidence boost after a prolonged period of market inactivity.

The Canadian financial services group failed at the first attempt in July last year but this time achieved much stronger traction with a slightly bigger deal, thanks to the higher yield...

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