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Nokia will move its remaining operations to another Finland-based campus where its networking business is based.
The new facility for the Galaxy S maker is apparently set to open in Espoo, Finland, on June 13, and will focus on "advanced technologies."
It looks to be smooth sailing as Microsoft takes over Nokia's devices and services business.
The company reportedly told Reuters that it's evaluating all options, including offloading its headquarters in Finland. But in a statement to CNET, it says it has no plans to move.
Microsoft's planned $7.2 billion acquisition of Nokia's devices and services business wins approval from the Justice Department, but it still has to face the European Union.
As Nokia's phone business is officially absorbed by Microsoft, Nokia boss Stephen Elop is taking to the Internet for an "ask me anything" session.
The beleaguered phone maker's CFO says the deal to sell and lease back its head office is expected to close by the end of this month.
Nokia will sell its headquarters in Espoo, Finland, before leasing it back, in a move to inject cash into its struggling business.
With no mobile phone business, the chairman of Nokia's board acknowledges the challenges ahead but points to three product areas that he says will drive the company.
No longer will the onetime Nokia hardware business be "an end unto itself," says Microsoft's devices chief. One good example: Nokia X shifts from Android to Windows Phone.