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3 Nomura Reits to merge to become Japan's biggest

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Published Wed, May 27, 2015 · 09:50 PM

Tokyo

NOMURA Real Estate Master Fund Inc will merge with two other Nomura Reits to create the biggest real estate investment trust in Japan with 900 billion yen (S$9.8 billion) of assets.

The master fund will merge with Nomura Real Estate Office Fund Inc and Nomura Real Estate Residential Fund Inc on Oct 1, the trusts said in a statement on Wednesday.

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