As part of the reorganization of Sony for $ 1.2 billion sold an office building in Tokyo

The site of Sony Corporation today it was reported that the famous Japanese electronics manufacturer has sold its building Sony City Osaki, located in Tokyo. This building houses the administrative and research divisions Sony.

The buyer is a company Nippon Building Fund. For the transaction it was transferred to a trust, then the trust beneficiary rights were sold to the buyer. Sony has left the building at least for the next five years, because at the same time the purchase agreement was signed on the lease.

For the building, the winner in its category at the World Architecture Festival Festival 2012, Sony has received approximately $ 1.2 billion. The effect of the transaction will be shown in the report for the current quarter.

Last completed fiscal year Sony with a loss of $ 5.7 billion , prompting the Japanese manufacturer affected by natural disasters, adverse economic conditions, increased competition and changes in consumer demand for the reorganization. Reorganization program provides for the sale of assets and job cuts.

Sources: Sony , World Buildings Directory