Manulife Investment Management completed the acquisition of two Central Valley orchards.

Manulife Investment Management, a wealth and asset manager, completed the acquisition of two Central Valley orchards. Financial terms were not disclosed. "We are proud to add these high-quality orchards to our permanent crop portfolio, managed by our experienced direct-operation team of agricultural professionals, for the benefit of our investors. We believe that orchards, as a nature-based solution, can provide both economic returns to our investor clients along with social and environmental benefits. Producing healthy, nutritious food while responsibly managing these natural resources can also contribute positively to vibrant rural communities, such as the ones surrounding these investments," Oliver Williams, Manulife Investment Management Global Head of agriculture investments.