Office for Sale in Golden View - New Capital By HMD - Delivery Year 2026

HMD Global, the Finnish company that owns the Nokia brand, has put its offices in Golden View, Egypt up for sale. The move comes as the company looks to streamline its operations and focus on its core business of developing and selling smartphones.

The offices, which are located in the upscale Golden View compound in the New Cairo district of the city, are spread over 1,000 square meters and feature modern amenities such as a gym, swimming pool, and 24-hour security. The property is being marketed by local real estate firm, Coldwell Banker, with an asking price of EGP 30 million (approx. $1.9 million).

HMD Global has been facing tough competition in the smartphone market, particularly in emerging markets such as Egypt, where Chinese brands such as Huawei and Xiaomi have been gaining market share. The company has been struggling to keep up with the pace of innovation in the industry and has been forced to cut costs and streamline its operations.

In a statement, HMD Global said that the decision to sell the offices in Golden View was part of its ongoing efforts to optimize its operations and focus on its core business. The company added that it remains committed to the Egyptian market and will continue to invest in the country.

The move to sell the offices in Golden View is not expected to have any impact on HMD Global's operations in Egypt, as the company will continue to operate from its other offices in the country. The company has a strong presence in Egypt, with a wide range of Nokia smartphones available in the market.

Overall, the sale of the HMD offices in Golden View is a strategic move by the company to focus on its core business and streamline its operations. The move is expected to help the company cut costs and improve its competitiveness in the highly competitive smartphone market.