JM has signed an agreement to sell the Gästabudet 2 property in Nälsta,
Stockholm. The transaction is worth SEK 114 m and will be reported in Q4 2013
with gains of SEK 15 m.
Gästabudet 2 has 102 apartments and other premises. The buyer, HSB Stockholm,
will take over the property in January 2014, and payment will be made at that
For more information please contact:
Lars-Olof Höglund, Head of JM Property Development: +46 8 - 782 89 83
Anders Stålhammar, Communications Manager JM AB: +46 8 - 782 19 18
JM is one of the leading developers of housing and residential areas in
the Nordic region. Operations focus on new production of homes in attractive
locations, with the main focus on expanding metropolitan areas and university
towns in Sweden, Norway, Denmark, Finland and Belgium. We are also involved in
the project development of commercial premises and contract work, primarily in
the Greater Stockholm area. JM should promote long-term quality and
environmental management in all its operations. Annual sales total approximately
SEK 13 billion and the company has approximately 2,200 employees. JM AB is a
public limited company listed on NASDAQ OMX Stockholm, Mid Cap segment.
GlobeNewswire, a NASDAQ OMX company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.