Tokyo – Fuji Heavy Industries Ltd. (FHI), the manufacturer of Subaru automobiles, today announced that the company will reconstruct “Ebisu Subaru Building” and relocate its Head Office in 2014 for the purpose of reorganizing and enhancing its function of headquarter which is currently decentralized in Shinjuku, Ebisu, Mitaka and Omiya, and utilizing its assets effectively. As forty-four years have passed since the construction of “Shinjuku Subaru Building”, where the current FHI’s Head Office is located, and the floor space is not enough for working environment, this transfer will make FHI raise operational efficiency as headquarter.

Furthermore, today FHI, Subaru Kosan Co., Ltd. and Odakyu Electric Railway Co., Ltd. (Executive President: Yorihiko Osuga, Location of Head Office: 2-28-12, Yoyogi, Shibuya-ku, Tokyo) have concluded a sales agreement of Shinjuku Subaru Building and its land. The contents of disposal of assets are Site area: 1,600m2, Gross floor area: 20,385m2 and Sales price (excluding taxes): 34 billion yen.

Though transfer of ownership of Shinjuku Subaru Building with the disposal is scheduled to be on April 28, 2011, FHI will continue to operate as headquarter with the leaseback of Shinjuku Subaru Building for around four years. During this period, it will reconstruct Ebisu Subaru Building and complete the transfer of Head office.

Source: http://www.fhi.co.jp/english/contents/pdf_en_60696.pdf