Nokia Is Thinking About Selling Its ~$300 Million HQ

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HELSINKI (Reuters) – Struggling mobile phone maker Nokia is seeking to sell its headquarters in Espoo, Finland as part of a drive to dispose of non-core assets.

“We are evaluating different options for non-core parts, such as real estate holdings, and that includes the headquarters,” spokeswoman Maija Taimi told Reuters.

The glass and steel building by the Baltic Sea is valued at 200-300 million euros ($259-388 million), according to a report by Finnish newspaper Iltasanomat.

Nokia, which has been trying to improve its finances through large job cuts and other measures, told investors in July it was it was also looking to sell properties.

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