KKR emerges as lead bidder for Nissan’s $610 million Yokohama HQ sale, source says
KKR has emerged as the frontrunner to acquire Nissan Motor's Yokohama headquarters with a bid of approximately 90 billion yen ($609.80 million). KJR Management, KKR's real estate arm, submitted the leading offer, though negotiations are still in p...
By Reuters |
Agencies
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.
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.
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