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0 -0.000252270433905096 0.000252270433905096 -0.000756811301715468 -0.000504540867810192 0.00151362260343094 0.00277497477295659 0.00378405650857716
Stock impact report

Manulife's (MFC) Unit Inks Partnership With StepStone & Scannell [Yahoo! Finance]

Manulife Financial Corporation (MFC) 
Last manulife financial corporation earnings: 2/12 05:00 pm Check Earnings Report
US:NYSE Investor Relations: manulife.com/investor-relations
Company Research Source: Yahoo! Finance
a $1.2 billion partnership with Scannell Properties and StepStone Real Estate. Scannell's expertise in developing industrial properties and StepStone's contribution bode well for Manulife's investment arm. Manulife will recapitalize 35 freshly constructed Class A industrial portfolios in 17 markets in the United States, spanning 10.4 million square feet. The recapitalization of the Manulife Investment Management portfolio should aid the company in adjusting to the on-the-ground realities of the real estate market. It aims to leverage the rising and robust demand for logistics on a long-term basis. It believes that it can capitalize on this opportunity as industrial sector fundamentals remain strong. The company expects to work with its partners to complete the construction, lease up the remaining vacancies and implement strategies of finance and disposition after stabilization. StepStone and Scannell are expected to aid Manulife in achieving its investment objectives, thereby bene Show less Read more
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