Nissan sells Yokohama headquarters for 97 billion yen as part of restructuring

[TOKYO] Nissan Motor said on Thursday (Nov 6) that it has concluded a 97 billion yen (S$840 million) trust beneficiary rights transfer agreement to sell and leaseback its global headquarters in Yokohama – the second largest city in Japan – as part of business restructuring plans.

Nissan is expected to book about 73.905 billion yen extraordinary income in the current fiscal year from the deal, in which the buyer of the rights is “MJI Godo Kaisha” and the lessor in the lease agreement is Mizuho Trust & Banking, it said in a disclosure. REUTERS