Nokia sells its Espoo, Finland HQ for $222 million

Posted on Dec 4 2012 - 12:26pm by Huzoor Bux

As promised, Nokia has sold its Espoo, Finland headquarters to another Finnish company, Exilion, and signed a long-term lease to stay on as principal tenant. The handset maker reported that the property, dubbed Nokia House, went for 170 million euros ($222 million) and that the sale of the 48,000 square meter (517,000 square feet) property would be completed by the end of the year. Nokia reportedly made the deal to help stem the flow from its recent poor financial performance, but will at least get to stay on in the building it’s occupied since 1997.