JM acquiring property in Solna, Stockholm


JM has signed an agreement with Folksam Fastigheter to acquire the Motorn 10
property in Råsunda, Solna. The transaction is worth SEK 75m with occupancy and
payment planned for Q3 2015.
The property comprises an office building of approximately 6500 m2. JM aims to
produce a detail plan for development of 80-100 residential units.

"I am happy that we have been able to acquire property with potential building
rights in one of Solna's most attractive housing locations. This is in line with
our strategy to develop small projects inside existing urban environments as a
complement to our major development projects," says Annika Berg, regional
manager for JM Stockholm North Region.
For additional information, please contact:
Annika Berg, Regional Manager at JM Stockholm North Region, +46 (0)8 782 15 22
Lars-Olof Höglund, Head of JM Stockholm Acquisitions, +46 (0)8 782 89 83
Sepideh Imani, Head of Communication and Analysis, +46 (0)8 782 14 29
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 14 billion and the company has approximately 2,200 employees. JM AB is a
public limited company listed on NASDAQ Stockholm, Large Cap segment.

Attachments

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