Transactions - JULY 12, 2018

Nomura Real Estate to buy U.K. property fund manager

by Andrea Zander

Nomura Real Estate Holdings, a publicly listed Japanese real estate business, has taken a 75 percent stake in Lothbury Investment Management Group (LIM), a U.K. real estate investment manager, marking its first overseas acquisition.

The 25 percent balance will remain in the ownership of the LIM management team.

LIM, which has £2.1 billion ($2.78 billion) of assets under management, specializes in managing property portfolios across a range of funds, including its flagship Lothbury Property Trust.

The LIM management team will remain responsible for the day-to-day operations of the business and retain full autonomy over its investment strategies.

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