Nokia Considering Leasing Or Selling Finland HQ

Posted Oct 3, 2012

Nokia is considering selling their headquarters in Espoo, Finland.  Nokia is interested in disposing of some of their non-core assets like real estate holdings.  Nokia CFO Timo Ihamuotila said that the company has been exploring selling company-owned real estate to improve their balance sheet.  Ihamuotila made it clear that they are not leaving Finland for their headquarters.  Nokia’s headquarters could potentially sell for $258-$388 million.  Nokia is one of the biggest manufacturers of Windows Phone devices and they have a massive deal with Microsoft.