Mirae Asset Global Investments is acquiring a stake in Manulife US REIT (MUST), a REIT listed on the Singapore Exchange (SGX), and owned by Manulife US Real Estate Management (MUSREM), for approximately KRW 200 billion. MUST is a REIT that invests in US offices and was listed for the first time on an Asian exchange in May 2016. MUSREM is located in Singapore and has fewer than 10 employees. The REIT’s sponsor is Manulife Insurance, which currently holds a 9.02% stake. After acquiring shares in Manulife Insurance, Mirae Asset plans to become the new MUST sponsor. MUST has 12 office buildings as underlying assets located in 1- major areas across […]