Nokia to sell and lease back head office building

Nokia to sell and lease back head office building 
ESPOO, FINLAND -- (Marketwire) -- 12/04/12 --  Nokia has agreed to
sell and lease back its head office building in Espoo, Finland on a
long-term lease to Finland-based Exilion. We
expect to complete the
sale by the end of 2012. The selling price is EUR 170
million. 
"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," said Timo Ihamuotila, CFO,
Nokia. 
Note to editors: Nokia has operated in the building since 1997. The
48,000 m2
building, designed by architect Pekka Helin, is located in
Keilaniemi, Espoo,
Finland. 
About Nokia 
Nokia is a global leader in mobile communications whose products have
become an integral part of the lives of people around the world.
Every day, more than 1.3
billion people use their Nokia to capture
and share experiences, access information, find their way or simply
to speak to one another. Nokia's technological and design innovations
have made its brand one of the most recognized in the world. For more
information, visit http://www.nokia.com/about-nokia. 
www.nokia.com 
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Source: NOKIA via Thomson Reuters ONE 
[HUG#1662349] 
Media Enquiries: 
Nokia
Communications
Tel. +358 7180 34900
Email: press.services@nokia.com
 
 
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