Nokia completes sales and lease-back of its Espoo, Finland HQ

Nokia completes sales and lease-back of its Espoo, Finland HQ

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 company reported that the property, dubbed Nokia House , sold for 170 million euros and that the deal for the 48,000 square meter property (517,000 square feet) would be completed by the end of the year. The mobile company reportedly made the deal to help stem the flow from recent losses , but will at least get to stay on in the building it’s occupied since 1997. Check the PR after the break for more info.

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Nokia completes sales and lease-back of its Espoo, Finland HQ

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