Manulife Real Estate, the global real estate arm of Manulife Financial Corp., has begun construction on an office building in downtown Vancouver.
This development brings Manulife Real Estate’s total owned and managed portfolio in Vancouver to more than one million square feet. The company has two other Vancouver properties.
Construction on the new 16-storey, 250,000-square-foot building is expected to be complete in less than two years. The tower is located within walking distance of Robson Square.
International engineering consulting firm BGC has been secured as lead tenant.
“Manulife Real Estate continues to expand our reach into the growing Vancouver real estate market,” says Kevin Adolphe, the company’s president and CEO. “We have confidence in the fundamentals of the Vancouver office market, and we have had tremendous experiences working with the Vancouver community.”
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