Nokia Head Quarter office building in Finland is on sell and lease

Several, rumored surfaced month/s ago that Nokia is looking to sell their HQ in Espoo, Finland. According to the report, Nokia has announced that they have agreed a deal of 170 million Euros and they expect the deal to be completed by the end of this year.

Nokia has operated in the building since 1997, at 48,000 square meters of building, designed by Architect Pekka Helin in Keilaniemi, Espoo, Finland.

Timo Ihamuotia, Nokia Chief financial officer - stated that, “ 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 state 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.”

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