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Nokia to sell and lease back head office building


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© Marketwire 2012
2012-12-04 10:35:57 -

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 www.nokia.com/about-nokia : www.nokia.com/about-nokia .



www.nokia.com : www.nokia.com



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:



(i) the releases contained herein are protected by copyright and
other applicable laws; and



(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.



Source: NOKIA via Thomson Reuters ONE



[HUG#1662349]




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