REFILE-Nomura Real Estate to buy Toshiba unit stake for $752 mln

(Resending with company's English name in headline)

TOKYO, July 22 (Reuters) - Japan's Nomura Real Estate (3231.T) said on Tuesday it plans to buy a 65 percent stake in Toshiba Corp's (6502.T) real estate unit for 80 billion yen ($752 million) to bolster its corporate real estate business.

Under the deal, Toshiba will reduce its stake in Toshiba Building Co to 35 percent from 99.75 percent. The deal is expected to be completed by the end of this year, the two companies said in a statement.

Nomura and Toshiba said they will announce the deal's impact on their earnings as soon as they know.

Toshiba, which is trying to trim its operations, said it would post a roughly 70 billion yen profit from the sale, but said details have yet to be ironed out.

Prior to the announcement, shares of Toshiba closed up 0.1 while Nomura Real Estate rose 5.3 percent, against a 3.0 percent rise in the benchmark Nikkei average .N225. ($1=106.38 Yen) (Reporting by Mariko Katsumura)