JM receiving SEK 20 million in profit sharing from property sale
ET | Source:JM AB
RBS Nordisk Renting acquired the Karlberga 2 property in Södertälje from JM in
1999, and is now selling the property to Rikshem. JM is entitled to profit
shares when the property is sold.
The earnings and payment to JM amount to SEK 20 million and will be recognized
as equal shares in the JM Property Development and JM Residential Stockholm
business segments in Q2 2014.
The property consists of approximately 7000 m2and has been developed for senior
For more information please contact:
Lars-Olof Höglund, Head of JM Property Development, +46 8 782 89 83
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.
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