October 18, 2017

Nokia Broke: Looking to sell off headquarters, and lease them back

Olawale AdeyinaOct 3, 20122min

Cash-strapped Nokia is looking to offload its corporate headquarters in Espoo, Finland – but it has no plans to leave the building.

The company confirmed it is considering selling the facility near the Finnish capital of Helsinki with a view to then leasing it back.

“We said during our Q2 results in July that we’re re-evaluating all non-core operations, including real estate. That said, we don’t have any plans to move our headquarters,” Nokia said in an official statement sent to ZDNet.

The sale of its headquarters is just one real estate option Nokia is considering, Nokia’s chief financial officer Timo Ihamuotila told Finnish news publication 

Cash-strapped Nokia is looking to offload its corporate headquarters in Espoo, Finland – but it has no plans to leave the building.

The company confirmed it is considering selling the facility near the Finnish capital of Helsinki with a view to then leasing it back.

“We said during our Q2 results in July that we’re re-evaluating all non-core operations, including real estate. That said, we don’t have any plans to move our headquarters,” Nokia said in an official statement sent to ZDNet.

The sale of its headquarters is just one real estate option Nokia is considering, Nokia’s chief financial officer Timo Ihamuotila told Finnish news publication 

 

Source: Zdnet

Olawale Adeyina

Jesus Boy, Tech Enthusiast, Team Lead: TechCityng.com, GreenStreetMedia.Ng



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