News Articles

Nokia is selling its head office and then leasing it back

Fifteen years after moving in, Nokia has agreed to sell its head office building in the Finnish city of Espoo to property management company Exilion. The building, which was designed by architect Pekka Helin, is being sold for 170 million Euro (£138 million). Nokia will then occupy the HQ building on a long-term lease.

Timo Ihamuotila, Nokia’s Chief Financial Officer, said “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.”

The sale is expected to be completed by the end of this month.

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Handsets and manufacturers, NewsNumber of views: 5004

Tags: nokia finland

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«November 2024»
MonTueWedThuFriSatSun
28293031123
45678910
11121314151617
18192021222324
2526272829301
2345678

Archive

Terms Of Use | Privacy Statement