Manulife Financial (NYSE: MFC) has entered an agreement to purchase the new headquarters building of Export Development Canada (EDC) in downtown Ottawa. The building will be purchased from a joint venture of Broccolini Construction Inc. and The Canderel Group of Companies. The transaction is expected to close by the end of 2011, following completion of the 18-story, 479,000 square foot building.
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About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers customers a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$437 billion (US$407 billion) as at September 30, 2009.
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