KKR has become the strongest candidate to buy the headquarters of Japanese automotive giant Nissan in Yokohama. According to sources close to the matter, the company’s offer is approximately 90 billion yen ($610 million).
This process is being handled by KKR’s real estate investment arm, KJR Management. The company’s offer currently stands out as the highest bid, and negotiations regarding the final agreement are reportedly still ongoing. One of the key conditions of the sale is a 10-year leaseback agreement allowing Nissan to continue operating in the building after the sale. This means Nissan will be able to continue working in the same location despite selling its headquarters. This move is seen as part of Nissan’s strategy to both strengthen its cash flow and optimize its real estate assets. For KKR, this acquisition could be a strong addition to its list of high-profile real estate investments in Japan. […] […] […] On the other hand, neither Nissan nor KKR has chosen to make an official comment on the sales process and details of the offer.] […]
