Apr
24
Normandy, NTT Urban Form Strategic Partnership
ByThis move guarantees both firms investment activity growth in the office and mixed-use sectors in various urban and transit-oriented areas in core markets, including New York and D.C.
Building on a successful history of transactions together, Normandy Real Estate Partners and NTT Urban Development Corp. recently took their relationship to the next level by entering into a strategic partnership. Per terms of the deal, NTTUD, the real estate division of Tokyo, Japan-based Nippon Telegraph and Telephone Corp., acquired a 15 percent common equity interest in Normandy’s management platform…