JM acquiring property in Älvsjö, Stockholm

Together with Familjebostäder, JM is acquiring part of the Kabelverket 2 and
Kabelverket 7 properties in Älvsjö, Stockholm. The cost of the transaction for
JM is SEK 199 million. Occupancy and payment are expected to be completed by
January 2015.
The properties are being acquired from Valad and are part of the Älvsjöstaden
development area. They will supplement JM's and Familjebostäder's previous
acquisition of the Sandaletten 1 property in 2012. The properties previously
housed operations for Ericsson, for example.

Local planning for the area is underway, which includes around 900 residential
units. The transaction is subject to the first of the two local plans for the
property coming into legal force, which is expected to take place in January
2015.

JM and Familjebostäder are purchasing 50 percent each. JM is planning to build
tenant-owned apartments, and Familjebostäder will build rental units. The
acquisition will result in JM's total number of building rights in Älvsjöstaden
reaching 750 apartments. Construction is expected to begin in the second half of
2015.

"It is great to be able to make another acquisition together with
Familjebostäder and to continue developing Älvsjöstaden. The project has a very
attractive location with close proximity to transport options and a large wooded
area," says Pär Vennerström, business unit manager of JM Residential Stockholm.

For more information please contact:
Pär Vennerström, Business Unit Manager JM Residential Stockholm, +46 8-782 89 12
Anders Stålhammar Communications Manager, +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, Large Cap segment.