TECH
10/03/2012 02:18 am ET Updated Dec 02, 2012

Nokia Headquarters For Sale As Company Scrambles To Conserve Cash

A picture taken on June 14, 2012 shows Nokia headquarters in Espoo. Finland's Nokia, one of the world's biggest mobile phone
A picture taken on June 14, 2012 shows Nokia headquarters in Espoo. Finland's Nokia, one of the world's biggest mobile phone makers, today cut its outlook and said it planned 10,000 job cuts by the end of 2013 amid massive additional cost-saving measures. 'These planned reductions are a difficult consequence of the intended actions we believe we must take to ensure Nokia's long-term competitive strength,' company chief executive Stephen Elop said in a statement. AFP PHOTO / LEHTIKUVA / Kimmo Mäntylä *** FINLAND OUT *** (Photo credit should read KIMMO MANTYLA/AFP/GettyImages)

HELSINKI (Reuters) - Struggling cellphone 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.

($1 = 0.7731 euros)

(Reporting by Helsinki newsroom; Editing by Hans-Juergen Peters)

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