TOKYO (Reuters) -KKR is the leading candidate to buy the Yokohama headquarters of automaker Nissan Motor and has offered around 90 billion yen ($609.80 million), a source familiar with the matter said on Thursday. KJR Management, a real estate unit owned by KKR, submitted the highest bid but negotiations are ongoing, said the person, who […]
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KKR is lead bidder for Nissan $610 million headquarters sale, source says
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TOKYO (Reuters) -KKR is the leading candidate to buy the Yokohama headquarters of automaker Nissan Motor and has offered around 90 billion yen ($609.80 million), a source familiar with the matter said on Thursday.
KJR Management, a real estate unit owned by KKR, submitted the highest bid but negotiations are ongoing, said the person, who declined to be named because the matter is not public.
A 10-year lease-back of the building is a condition of the sale, the source said.
KKR and Nissan declined to comment.
Details of the bidding were first reported by Bloomberg.
($1 = 147.5900 yen)
(Reporting by Miho Uranaka, Anton Bridge and Daniel Leussink. Editing Jane Merriman)