KJRM to acquire global headquarters in Yokohama of Nissan Motor for $630m.

KJRM, a provider of asset management services, agreed to acquire global headquarters in Yokohama of Nissan Motor, a Japanese automotive company, for $630m. As a part of “Re:Nissan” actions aimed to achieve positive operating profitability and free cash flow in the automotive business by fiscal year 2026, the Company has considered optimization of its assets. The Company decided to proceed with the sale and leaseback transaction involving its Headquarters (Global Headquarters) and concluded the trust beneficiary rights transfer agreement. The funds from this transaction will accelerate facility modernization and transformation initiatives as part of “Re:Nissan.” The Company will continue to use the building as its Headquarters (Global Headquarters) under the lease agreement.