{"id":1004068498,"date":"2013-03-12T06:27:48","date_gmt":"2013-03-12T14:27:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004068498"},"modified":"2022-12-08T19:57:29","modified_gmt":"2022-12-09T03:57:29","slug":"manulife-acquires-new-retail-property-in-western-canada","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/","title":{"rendered":"Manulife Acquires New Retail Property in Western Canada"},"content":{"rendered":"

By Adriana Pop, Associate Editor<\/em><\/p>\n

\"\"<\/a>

Aldergrove Village Shopping Centre in Langley<\/p><\/div>\n

In a C$29.25 million deal (approximately USD $28.35 million), Manulife Real Estate has purchased the 91,517-square-foot Aldergrove Village Shopping Centre in Greater Vancouver’s Langley Township of British Columbia.<\/p>\n

The property is anchored by top Canadian retailers Save-On-Foods and Shoppers Drug Mart, which occupy about 46 percent of the center\u2019s leasing area.<\/p>\n

The Aldergrove Village Shopping Centre was purchased for the Manulife Canadian Property Portfolio, a real estate investment fund managed by Manulife Real Estate. Launched in February 2011, the fund is offered to institutional investors through Manulife Asset Management, the global asset management arm of Manulife Financial.<\/p>\n

“The acquisition of this prime retail property in Western Canada is an excellent complement to the Manulife Canadian Property Portfolio,” said Kevin Adolphe, Global Head of Private Asset Management for Manulife Financial and President & CEO of Manulife Real Estate. “It’s completely in line with the Fund’s strategy to provide institutional investors with an opportunity to invest in a quality, diversified property portfolio that offers income stability while also preserving capital.”<\/p>\n

With its latest addition, the Manulife Canadian Property Portfolio now owns 14 income producing properties totaling approximately 2.3 million square feet.<\/p>\n

“Manulife is pleased to be able to put our long established real estate expertise to work in a platform that allows investors to take advantage of what has been a sound asset class for the Company for the last seven decades,” added Mr. Adolphe. “We’ve had great interest in our fund platform since it launched in February 2011 and we’re encouraged by the significant capital we’ve raised to date for the Manulife Canadian Property Portfolio. We are well positioned for continued growth.”<\/p>\n

Manulife Real Estate is the global real estate arm of Manulife Financial Corporation, with 70 years of experience as an active investor, owner, developer and asset manager of commercial real estate. Its portfolio includes office, industrial as well as retail and multi-family residential properties located in key metropolitan centers throughout Canada, Asia and in the United States. As at Dec. 31, 2012, the Manulife Real Estate portfolio totaled more than 36 million square feet with a market value of C$9.1 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Manulife Real Estate has purchased the Aldergrove Village Shopping Centre in Greater Vancouver’s Langley Township of British Columbia.<\/p>\n","protected":false},"author":260,"featured_media":1004068500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,21742,21749],"tags":[],"class_list":["post-1004068498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-latest","category-retail"],"acf":[],"yoast_head":"\nManulife Acquires New Retail Property in Western Canada - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manulife Acquires New Retail Property in Western Canada\" \/>\n<meta property=\"og:description\" content=\"Manulife Real Estate has purchased the Aldergrove Village Shopping Centre in Greater Vancouver's Langley Township of British Columbia.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-03-12T14:27:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:57:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/03\/Aldergrove-Village-Shopping-Centre-in-Langley.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"390\" \/>\n\t<meta property=\"og:image:height\" content=\"272\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manulife-acquires-new-retail-property-in-western-canada\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manulife-acquires-new-retail-property-in-western-canada\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Manulife Acquires New Retail Property in Western Canada\",\"datePublished\":\"2013-03-12T14:27:48+00:00\",\"dateModified\":\"2022-12-09T03:57:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manulife-acquires-new-retail-property-in-western-canada\\\/\"},\"wordCount\":375,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manulife-acquires-new-retail-property-in-western-canada\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/03\\\/Aldergrove-Village-Shopping-Centre-in-Langley.jpg\",\"articleSection\":[\"International\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manulife-acquires-new-retail-property-in-western-canada\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manulife-acquires-new-retail-property-in-western-canada\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manulife-acquires-new-retail-property-in-western-canada\\\/\",\"name\":\"Manulife Acquires New Retail Property in Western Canada - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manulife-acquires-new-retail-property-in-western-canada\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manulife-acquires-new-retail-property-in-western-canada\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/03\\\/Aldergrove-Village-Shopping-Centre-in-Langley.jpg\",\"datePublished\":\"2013-03-12T14:27:48+00:00\",\"dateModified\":\"2022-12-09T03:57:29+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manulife-acquires-new-retail-property-in-western-canada\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manulife-acquires-new-retail-property-in-western-canada\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manulife-acquires-new-retail-property-in-western-canada\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/03\\\/Aldergrove-Village-Shopping-Centre-in-Langley.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/03\\\/Aldergrove-Village-Shopping-Centre-in-Langley.jpg\",\"width\":\"390\",\"height\":\"272\",\"caption\":\"Aldergrove Village Shopping Centre in Langley\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manulife-acquires-new-retail-property-in-western-canada\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Manulife Acquires New Retail Property in Western Canada\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\",\"name\":\"Adriana Pop\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"caption\":\"Adriana Pop\"},\"description\":\"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\\\/\\\/www.linkedin.com\\\/in\\\/ioana-adriana-pop-811772108\\\/.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/adriana-pop\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Manulife Acquires New Retail Property in Western Canada - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/","og_locale":"en_US","og_type":"article","og_title":"Manulife Acquires New Retail Property in Western Canada","og_description":"Manulife Real Estate has purchased the Aldergrove Village Shopping Centre in Greater Vancouver's Langley Township of British Columbia.","og_url":"https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-03-12T14:27:48+00:00","article_modified_time":"2022-12-09T03:57:29+00:00","og_image":[{"width":390,"height":272,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/03\/Aldergrove-Village-Shopping-Centre-in-Langley.jpg","type":"image\/jpeg"}],"author":"Adriana Pop","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/"},"author":{"name":"Adriana Pop","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"headline":"Manulife Acquires New Retail Property in Western Canada","datePublished":"2013-03-12T14:27:48+00:00","dateModified":"2022-12-09T03:57:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/"},"wordCount":375,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/03\/Aldergrove-Village-Shopping-Centre-in-Langley.jpg","articleSection":["International","News","Retail"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/","url":"https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/","name":"Manulife Acquires New Retail Property in Western Canada - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/03\/Aldergrove-Village-Shopping-Centre-in-Langley.jpg","datePublished":"2013-03-12T14:27:48+00:00","dateModified":"2022-12-09T03:57:29+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/03\/Aldergrove-Village-Shopping-Centre-in-Langley.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/03\/Aldergrove-Village-Shopping-Centre-in-Langley.jpg","width":"390","height":"272","caption":"Aldergrove Village Shopping Centre in Langley"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/manulife-acquires-new-retail-property-in-western-canada\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Manulife Acquires New Retail Property in Western Canada"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad","name":"Adriana Pop","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","caption":"Adriana Pop"},"description":"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\/\/www.linkedin.com\/in\/ioana-adriana-pop-811772108\/.","url":"https:\/\/www.commercialsearch.com\/news\/author\/adriana-pop\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/03\/Aldergrove-Village-Shopping-Centre-in-Langley.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004068498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/260"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004068498"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004068498\/revisions"}],"predecessor-version":[{"id":1004617537,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004068498\/revisions\/1004617537"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004068500"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004068498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004068498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004068498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}