New Delhi, Nov. 6 -- Troubled Japanese automaker Nissan said Thursday it was selling its headquarters building in Yokohama, southwest of Tokyo, for 97 billion yen ($630 million), as part of its revival efforts.

Nissan Motor Co. will lease the building and continue to use it as its headquarters, while recording 73.9 billion yen ($480 million) as gains from the sale to Tokyo-based real estate operator MJI Godo Kaisha, it said in a statement.

The funds will be used to modernize internal systems at its headquarters, speeding up the use of AI-driven systems and digital modernization in various operations, according to Nissan, which makes the March subcompact and Infiniti luxury models.

MJI Godo is a special purpose trust owned by the Minth ...