Daiwa Securities to Buy Davinci REIT manager

According to Nikkei, Daiwa Securities Group Inc, Japan's secound-largest broker, will buy a real estate management unit of KK DaVinci Holdings to expand its property business. Daiwa will also take roughly 13% of DA Office Investment through a private placement of new shares.　Daiwa Securities has been looking for an opportunity to invest in the real estate market as a new business field.