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Manulife Real Estate acquires Aldergrove Village Shopping Centre in Langley, BC

Manulife Real Estate acquires Aldergrove Village Shopping Centre in Langley, BC 


    --  Acquisition of prime retail property in Western Canada brings
        further diversification to Manulife Canadian Property
        Portfolio, a core open-end real estate investment fund

TSX/NYSE/PSE: MFC SEHK:945

LANGLEY, BC, March 6, 2013 /CNW/ - Manulife Real Estate has acquired 
Aldergrove Village Shopping Centre, a 91,517-square-foot retail property in 
Langley, British Columbia, for C$29.25 million in a deal that closed March 5, 
2013. The property was purchased for its Manulife Canadian Property Portfolio, 
a core, open-end, income producing real estate investment fund that invests in 
quality Canadian commercial real estate assets managed by Manulife Real 
Estate. The Fund is offered to institutional investors through Manulife Asset 
Management, the global asset management arm of Manulife Financial.

"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," 
said Kevin Adolphe, Global Head of Private Asset Management for Manulife 
Financial and President and CEO of Manulife Real Estate. "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."

Located in Greater Vancouver's Langley Township, Aldergrove Village Shopping 
Centre enjoys prime exposure on the Fraser Highway. The multi-tenanted 
shopping centre is anchored by Save-On-Foods and Shoppers Drug Mart, two top 
Canadian retailers, which occupy 46 per cent of the 91,517 square feet of 
commercial retail space.

The Manulife Canadian Property Portfolio invests in quality commercial real 
estate assets in stable and economically-diverse markets across Canada. With 
the acquisition of Aldergrove Village Shopping Centre, the Manulife Canadian 
Property Portfolio holds 14 income producing properties totaling approximately 
2.3 million square feet with assets under management of C$345 million.

"The acquisition of this prime retail property in Western Canada is an 
excellent complement to the Manulife Canadian Property Portfolio," added Mr. 
Adolphe. "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."

Manulife Real Estate, the global real estate arm of Manulife Financial, serves 
as the asset manager for the Manulife Canadian Property Portfolio which 
launched in February 2011, extending to investors the benefit of Manulife's 70 
years of real estate investment and management experience.

Notice to Investors
This communication is not, and under no circumstances is to be construed as an 
invitation to make an investment in the Fund nor does it constitute a public 
offering to sell units of the Fund. Subscriptions for units of the Fund will 
only be considered on the terms of the Offering Memorandum (the "OM") of the 
Fund. Units of the Fund are only available for purchase by "accredited 
investors", as such term is defined under applicable Canadian securities 
legislation. Purchasers may have statutory or contractual rights of action 
under certain circumstances as disclosed in the OM. An investment in units of 
the Fund is subject to certain risks and is appropriate only for investors who 
have the capacity to absorb a loss of some or all of their investment. There 
is no market through which units of the Fund may be sold and none is expected 
to develop. Under certain circumstances, the Fund is entitled to suspend or 
restrict rights of redemption. An investment in units of the Fund is not 
intended as a complete investment program. An investment in units of the Fund 
should only be made after consultation with independent investment and tax 
advisors. Only investors who do not require immediate liquidity of their 
investment should consider the purchase of units of the Fund. Only investors 
who can reasonably afford a substantial impairment or loss of their entire 
investment should consider the purchase of Units of the Fund. Please refer to 
the OM for a further discussion of the risks of investing.

About Manulife Real Estate
Manulife Real Estate™ is the global real estate arm of Manulife Financial 
Corporation with fully integrated in-house capabilities and 70 years of 
experience as an active investor, owner, developer and asset manager of 
commercial real estate. Diversified by both geography and asset type, the 
portfolio consists primarily of prime office and industrial properties, as 
well as select retail and multi-family residential properties, in key 
metropolitan centers throughout Canada, Asia and in the United States, through 
Manulife's U.S. division, John Hancock. In addition to equity real estate, 
Manulife Real Estate manages the space requirements and own use facilities for 
Manulife's operations around the world. In 2011, Manulife Real Estate launched 
a new real estate fund platform, extending the benefit of its long established 
real estate asset management expertise to institutional investors. As at 
December 31, 2012, the Manulife Real Estate portfolio totaled more than 36 
million square feet with a market value of C$9.1 billion. Additional 
information about Manulife Real Estate can be found at manuliferealestate.com.

About Manulife Asset Management
Manulife Asset Management is the global asset management arm of Manulife 
Financial. Manulife Asset Management provides comprehensive asset management 
solutions for institutional investors and investment funds in key markets 
around the world. Manulife Asset Management also provides investment 
management services to affiliates' retail clients through product offerings of 
Manulife and John Hancock. This investment expertise extends across a broad 
range of asset classes including equity, fixed income and alternative 
investments such as real estate, timber, farmland, as well as asset allocation 
strategies. Manulife Asset Management has investment presence in the United 
States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, 
Indonesia, Thailand, Vietnam, Malaysia and the Philippines. In addition, it 
has a joint venture asset management business in China, Manulife TEDA. It also 
has operations in Australia, New Zealand, Brazil and Uruguay. John Hancock 
Asset Management, Hancock Natural Resource Group and Declaration Management 
and Research are units of Manulife Asset Management. Manulife Asset Management 
was named Best Asian Bond House for 2011 by Asia Asset Management. As at 31 
December 2012, assets under management were US$238 billion. Additional 
information about Manulife Asset Management can be found at manulifeam.com.

About Manulife Financial
Manulife Financial is a leading Canada-based financial services group with 
principal operations in Asia, Canada and the United States. Clients look to 
Manulife for strong, reliable, trustworthy and forward-thinking solutions for 
their most significant financial decisions. Our international network of 
employees, agents and distribution partners offers financial protection and 
wealth management products and services to millions of clients. We also 
provide asset management services to institutional customers. Funds under 
management by Manulife Financial and its subsidiaries were C$532 billion 
(US$535 billion) as at December 31, 2012. The Company operates as Manulife 
Financial in Canada and Asia and primarily as John Hancock in the United 
States.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and 
under '945' on the SEHK. Manulife Financial can be found on the Internet at 
manulife.com.

Media Contact: Tina Acranis 416-926-5746 tina_acranis@manulife.com

Image with caption: "Manulife Real Estate acquired Aldergrove Village Shopping 
Centre, a 91,517-square-foot retail property in Langley, British Columbia, in 
a deal that closed March 5, 2013. The property was purchased for its Manulife 
Canadian Property Portfolio, a core, open-end real estate investment fund that 
invests in Canadian commercial real estate assets. (CNW Group/Manulife Real 
Estate)". Image available at:  
http://photos.newswire.ca/images/download/20130306_C2596_PHOTO_EN_24323.jpg

SOURCE: Manulife Real Estate

To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/March2013/06/c2596.html

CO: Manulife Real Estate
ST: British Columbia
NI: REL MNA 

-0- Mar/06/2013 18:33 GMT