August 6, 2020
Manulife Investment Management announces acquisition of boutique multifamily property in Vancouver for $14.5 million
Manulife Investment Management announces the acquisition of Galt Street Flats, a newly constructed, purpose-built multifamily rental building in East Vancouver. The building is a four-story, multifamily property comprising of 27 two-bedroom and one three-bedroom suites, with sizes ranging from 745 square feet to 1,182 square feet. The building features high quality in-suite finishes, a rooftop patio, a community garden, car sharing service, secured underground parking stalls, storage lockers, and secured bike lockers.
Catering to urban living, the property is situated one block away from the two major arterial roads, Kingsway and Nanaimo Street. Galt Street Flats is also conveniently surrounded by an abundance of amenities and within minutes from public transportation.
About Manulife Investment Management’s Real Estate Platform
Manulife Investment Management's Real Estate platform develops and manages commercial real estate for thousands of customers around the globe. Its portfolio includes millions of square feet of office, industrial, retail and multifamily space strategically located in major metropolitan markets. The Real Estate team leverages its global platform and local expertise to provide market-leading solutions for its tenants and deliver results for its clients.
As at March 31, 2020, the Real Estate portfolio totaled over 62 million square feet. Additional information can be found at www.manulifeim.com/realestate.