Nokia sells its HQ in Espoo, Finland for €170 million

4 December, 2012 Nokia

Nokia HQ

 

Sadly, Nokia financial status is not so good these days, As a result the company is selling its headquarters building in Espoo, Finland for approximately €170 million. The building offers 48,000 square meters of office real estate and has been housing Nokia's HQ since 1997. Nokia will finalize the deal by the end of this year.

 

Nokia HQ


Chief financial officer of Nokia, Timo Ihamuotia had to say:


We had a comprehensive sales process with both Finnish and foreign investors and we are very pleased with this outcome. As we have said before, owning real estate is not part of Nokia's core business and when good opportunities arise we are willing to exit these types of non-core assets. We are naturally continuing to operate in our head office building on a long-term basis. - Nokia CFO

 

 

Nokia

 

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