Nomura buys UK-based property investment firm

Real_estateNomura Real Estate Holdings has acquired a 75% stake in Lothbury Investment Management, a UK-based property investment firm. The transaction is the first overseas acquisition by the Japanese company. “We are excited about the opportunities we can explore together with Lothbury Investment Management, with its outstanding investment capabilities in the UK and its long-standing reputation among UK and international institutional investors,” said Eiji Kutsukake, president and chief executive of Nomura Real Estate. Lothbury Investment Management had £2 billion ($2.6 billion) of assets as of September 30. The company only manages unlisted property funds. The purchase price of the acquisition was not disclosed. ©2018 funds global asia

Executive Interviews

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