Nokia to build new campus in Oulu

Nokia to build new campus in Oulu

Press Release

Nokia to build new campus in Oulu

3 December 2021

Espoo, Finland - Nokia today announced the decision to proceed with building a new campus in Oulu, Finland. Nokia has reached an agreement with the selected financing partner and the design phase is proceeding at speed. The new campus on the Linnanmaa-Ritaharju plot will provide Nokia with premises to cater to the future ways of working, including moving towards purpose-driven and more collaborative office spaces. The campus is expected to be completed during 2025 and it will enable Nokia's continuous innovation and development at the forefront of 5G technologies.

Nokia has reached an agreement with a financing partner and negotiations are continuing with the developer candidates who will be responsible for the turnkey delivery of the construction project. The design phase of the campus is proceeding rapidly with a dedicated project team that includes a project management specialist, business coordinators, campus team members, a user experience (UX) specialist, architects and design specialists in various fields of expertise.

In addition, the city of Oulu is preparing road relocation in the Linnanmaa-Ritaharju area. The campus construction will begin after the mutually agreed road construction work is completed during the summer of 2022.

Erja Sankari, Head of Nokia Oulu site and Vice President, Global Supply Chain, at Nokia, said: We are thrilled to be able to proceed with our plan to build a new Home of Radio campus in Oulu. The new campus follows our vision of connecting people, technology and nature. We want to build a functional, scalable and sustainable campus to enable the best possible workplace experience that meets the needs for flexibility, productivity, collaboration and innovation.

Oulu is considered the Home of Radio' and is a key R&D site for Nokia, as well as a city where Nokia continues to recruit new R&D talent. During 2018-2020, Nokia hired around 1 200 permanent employees in Finland and in 2021 has hired an additional 500 employees. The vast majority of these new positions are in R&D and the employees will be placed in Nokia's three sites in Finland; Espoo, Oulu and Tampere.

About Nokia

At Nokia, we create technology that helps the world act together.

As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.

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