Finance

Nomura acquires majority interest in Lothbury

By 2018-07-12T12:47:00

Malmaison york lothbury

Nomura Real Estate Holdings has acquired a 75% stake in UK-based Lothbury Investment Management Group (LIM) as part of a planned European expansion for the £9.2bn Japanese investment manager.

Under the terms of the agreement, NREHI will acquire a majority interest in LIM, which specialises in managing property portfolios across a range of funds, including its flagship Lothbury Property Trust. The remaining 25% stake will remain held by the LIM management team.

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