Manulife US Reit to divest Atlanta property for US$133.8 million to repay 2026 debts

Roundup: Bain Said Marketing Former Chindata for $4B - Mingtiandi

Bain Capital seeks a buyer for the China business of the data centre firm formerly known as Chindata, with that report leading today’s headline roundup. Also in the news, Manulife US REIT agrees to sell an Atlanta office tower and... Read More>> The post Bain Said Marketing Former Chindata for $4B and More Asia Real Estate Headlines appeared first on Mingtiandi.

Manulife US Reit to divest Atlanta property for US$133.8 million to repay 2026 debts

The manager of Manulife US real estate investment trust (Reit) announced on Sunday (May 11) that it has agreed to sell Peachtree, a 28-storey Class A office building in Atlanta, Georgia for US$133.8 million.

Manulife US REIT to generate net proceeds of US$118.8 mil from sale of Atlanta property

Manulife US Real Estate Investment Trust (MUST) has sold one of its properties, Peachtree, for US$133.8 million. The sale of this 28-storey Class A office building in Atlanta, Georgia, is to an unrelated third party and will net MUST proceeds of some US$118.8 million. MUST will then use proceeds to make an early repayment of its 2026 debts, which will then reduce its FY2026 debt to US$45.1 million. Along with the previous divestments of Capitol …