Troubled enterprise mobility player BlackBerry announced plans to sell off most of its Canadian property portfolio, in a move that is said to “further enhance BlackBerry’s financial flexibility”.

The company said it will not comment on the potential value of the sale, which includes properties it intends to lease back, as well as vacant facilities. In total, this involves more than 3 million square feet of space.

John Chen, CEO and executive chair of BlackBerry, said that the planned deal “will provide additional resources to support our operations as our business continues to evolve”.

The move is perhaps unsurprising, as the company continues to be beset by poor results: in its most recently reported quarter, it reported a loss of $4.4 billion on revenue which more than halved to $1.19 billion, although much of this was non-cash charges.

The company had cash and investments of $3.2 billion as of 30 November, following recent refinancing efforts.

According to Reuters, BlackBerry sold five buildings and some land to the University of Waterloo for CAD41 million late last year.

Of course, with much of its property portfolio centred around its headquarters in Waterloo, it is unclear how much demand there will be from buyers – especially with BlackBerry looking to offload a large amount of real estate at the same time.

Rival Nokia announced the sale of its Espoo, Finland headquarters in 2012, for €170 million.