Nissan will sell an 89,000 square metre plot of land in Tokyo to the Urban Development Corporation for Y24 billion (US$201.7 million). Previously used for Nissan's aerospace and defence businesses, the sale of the land in Ogikubo, Suginami Ward, is part of the car maker's restructuring. Nissan also sold part of its head office building in Tokyo for Y14.6 billion in 1998.