Overview
- People familiar with the matter say the buyer is a special-purpose vehicle sponsored by Minth Group and led by KKR’s Japan real-estate unit, KJR Management.
- Nissan plans to announce the transaction later Thursday, according to the people cited in the reporting.
- The deal would transfer ownership of the 22-story global headquarters in Yokohama for about $584 million at current rates.
- Nissan recently forecast a ¥275 billion operating loss for the fiscal year ending March 2026, and offloading the property could help ease the shortfall.
- The move comes as management pursues cost cuts, including plans to eliminate 20,000 jobs and reduce manufacturing sites from 17 to 10.