Hermes acquires The Co-Op Group’s stake in NOMA

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Hermes Investment Management, the £30.8 billion manager, has acquired The Co-op Group’s entire share interest in the sites and buildings within their NOMA Joint Venture (JV). NOMA is Manchester’s most significant urban regeneration scheme and the largest development project in North West England. The 20-acre mixed-use redevelopment scheme, which is transforming Manchester’s city centre, has