Manulife Canadian Real Estate Fund Completes Series of Strategic Acquisitions in Key Canadian Markets

Toronto – Manulife Real Estate announced today the closing of 180 Wellington in Toronto and a national 24-building industrial portfolio purchased for its Manulife Canadian Property Portfolio fund. The acquisitions come on the tail of a series of strategic acquisitions across Canada that have added over 2.6 million square feet, representing $438 million of real estate in 2014 – lifting the Fund’s assets under management to over $885 million.

"These properties represent the type of high quality assets we acquire in target markets as a priority for our Fund's strategic plan," said Kevin Adolphe, President and CEO of Manulife Asset Management Private Markets. "Our Fund has experienced tremendous growth this year due to the significant capital we have raised and deployed to acquire assets that serve our external institutional investors."

The strong tenant rosters and diversified locations make these excellent additions to the portfolio supporting our mandate to continuously diversify the portfolio by industry, geography and asset type.

National Industrial Portfolio closed on November 27, 2014
This national portfolio of multi-and single-tenant industrial properties totals over 1.5 million square feet across Calgary, Edmonton, Montreal, and the Greater Toronto Area. The acquisition further diversifies the fund’s properties, tenant base and geographical location.

180 Wellington, Toronto, ON, closed on November 5, 2014
180 Wellington is a 12-storey, 209,869 SF building in Toronto’s downtown core. It is 100% leased to a single tenant on a long term lease making it a great addition to the fund’s portfolio.

About Manulife Canadian Property Portfolio
The Fund is an open-end, income producing real estate investment fund, and invests in quality Canadian commercial real estate assets. Manulife Real Estate, the global real estate arm of Manulife, serves as the asset manager for the Manulife Canadian Property Portfolio. The Portfolio now holds 43 income-producing office, industrial and retail properties totaling approximately 5.4 million square feet. The Portfolio extends the benefit of Manulife’s extensive real estate investment and management experience to investors.

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 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 September 30, 2014, the Manulife Real Estate portfolio totaled more than 40 million square feet with a market value of CA$11.7 billion (US$10.4 billion). Additional information about Manulife Real Estate can be found at manuliferealestate.com.

About Manulife Asset Management Private Markets
Manulife Asset Management Private Markets has investment expertise in several private asset classes, including commercial real estate, timberland and farmland, renewable energy, oil and gas, private equity and mezzanine debt. Manulife Asset Management Private Markets also partners with Manulife’s specialized private asset investment teams to invest in private placement debt and commercial mortgages. Hancock Natural Resource Group, Manulife Real Estate, John Hancock Real Estate, NAL Resources, Regional Power, Manulife Capital, and Hancock Capital Management are units of Manulife Asset Management Private Markets. As at September 30, 2014, Manulife’s assets under management in private asset classes were C$79 billion (US$70 billion), including assets managed by and for Manulife’s general fund and external clients. Additional information may be found at ManulifeAM.com/PrivateMarkets

About Manulife
Manulife 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 and its subsidiaries were approximately C$663 billion (US$591 billion) as at September 30, 2014. We operate as John Hancock in the U.S. and as Manulife in other parts of the world.

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

Media Contact:
Bev MacLean
Manulife Financial
416-852-8501
Beverley_maclean@manulife.com