Japanese firms Nomura Holdings (Nomura) and Nomura Real Estate Holdings (Nomura Real Estate) have signed a shareholders agreement to establish an asset fund management company, as part of a business alliance first announced in May, 2021.
Through the new company, to be known as Nomura Real Asset Investment, Nomura and Nomura Real Estate will aim to expand into new investment business areas and grow their real asset fund business.
It will offer new asset classes and products, leveraging Nomura’s wide investor base and existing client network, as well as Nomura Real Estate’s experience and track record in the real estate fund business.
Nomura Real Asset Investment plans to offer various types of funds for global institutional investors and wealthy individual investors in the traditional sectors (office, rental housing, retail facilities, and logistics facilities) in the first few years.
The company will also seek to expand the business into new asset classes over the medium term before aiming to establish JPY 700 to 1,000 billion assets under management in the mid- to long-term.
Nomura and Nomura Real Estate do not expect the planned alliance to have a material impact on their consolidated financial results at this stage.
The agreement comes after Nomura holdings announced its plans to reorganise its Future Innovation Company into a newly established digital company back in April 2022.
The new company was introduced with the intention of strengthening collaboration in the digital domain across group companies and international operations.
By establishing a new organisation, Nomura aims to drive further business growth and global collaboration.
