Nomura Is Said to Sell Tokyo Building to Real Estate Affiliate

Nomura Holdings Inc. sold a training center in central Tokyo to its real estate affiliate, people with knowledge of the matter said.

The buyer, Nomura Real Estate Holdings Inc., plans to demolish the building and develop luxury condominiums on the site, the people said, asking not to be identified because the information is confidential.

Representatives for the two companies declined to comment.

Japan’s biggest brokerage announced in February that it would sell the training center, which is located in Tokyo’s Minato district, near Takanawa Gateway Station on the Yamanote line. It expects to book a ¥56 billion ($392 million) ...