Nissan Mulls Sale Of Yokohama HQ, Eyes Global Restructuring

Nissan Motor is considering selling its iconic headquarters in Yokohama as part of sweeping restructuring efforts that also include closing seven factories worldwide, Nikkei reported.

Nissan would continue operating in the building under a lease agreement with the new owner. | Photo: Kakidai Wikimedia Commons

The building’s asset value is estimated at over ¥100 billion ($700 million). Proceeds from a potential sale—via a “sale and leaseback” agreement—could help offset restructuring costs, the report said, citing no named sources.

Nissan would continue operating in the building under a lease agreement with the new owner. In a statement, Nissan said it is “considering all possibilities for business recovery” but currently has “nothing to announce,” Reuters also reported.