By Richard Hook2018-07-12T12:47:00
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.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.