Nissan May Sell $700 Million Headquarters to Survive

According to Motor1, as part of a series of cost-cutting efforts to “stay afloat,” Nissan may have to sell its global headquarters.

The Japanese automaker relocated its headquarters from Tokyo to Yokohama in 2009, after more than two years of construction. Located in the bustling Minato-Mirai 21 district, the building is estimated to be worth over 100 billion yen, approximately $700 million, according to a local real estate broker.

Nikkei Asia reports that the main office building is on the list of assets Nissan plans to sell by the end of March 2026. The company’s new CEO, Ivan Espinosa, has announced upcoming asset sales, although he has not mentioned the Yokohama headquarters.

Local television station Nippon Hoso Kyokai also confirms that Nissan’s $700 million building is up for sale.

Even if Nissan decides to sell the Yokohama building, the Japanese automaker can continue to use it as its headquarters by leasing it back from the new owner.

This is not unprecedented in the automotive industry. McLaren made a similar move a few years ago with its headquarters in Woking, UK, through a sale and leaseback arrangement to reduce debt.

According to Motor1, the sale of the headquarters would be part of a growing list of actions Nissan needs to take to cut costs, after posting a $4.5 billion loss last year.

Nissan is in the process of closing seven factories, including two in Japan. The automaker’s workforce is also expected to be significantly reduced, with approximately 20,000 job cuts in the coming years.

Nissan has even halted the development of certain models to cut costs. They have eliminated six platforms, now listing only seven in their product portfolio. Another goal mentioned by Nissan is to “unify” products by reducing the complexity of parts by 70%.

Nissan is reportedly relying on its existing partnerships with companies like Renault and Mitsubishi to launch new models quickly. According to Motor1, Nissan may even allow its Chinese partner, Dongfeng, to produce cars at some of its underutilized plants.

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