Tycoon keeps asset manager in the family

A property entrepreneur has set up a £2.3bn family asset management office and launched two companies with three of his own family.

Leo Noé has established the Noé Group in a move that he said was the culmination of a lifetime in the British and European property industry. The group will specialise in property and technology investments, as well as charitable initiatives.

It is also the parent company of Capreon, a pan-European property group run by Zvi and Raphael Noé, sons of Mr Noé, and Goldacre Ventures, a private equity group founded by David