JM acquiring property in Leppävaara, Greater Helsinki region

JM has signed an agreement with Senaatti-kiinteistöt to acquire property in
Puustellinkallio in Leppävaara, Espoo. The transaction is worth SEK 160 m, with
occupancy and payment planned for 2017.
The property comprises a 5.8 hectare area. Amongst other things, the
Keskuspuiston ammattiopisto school (previously the Arla-instituutti) is found on
the property at present. JM is planning to develop an entirely new residential
area consisting of approximately 400 residential units.

"It is exciting and invigorating that we have successfully acquired property
where we can take a comprehensive approach and develop an entirely new
residential area. The property has a park, for example, that we are going to
utilize and incorporate as a natural part of the future residential area. The
acquisition is in line with our long-term strategy," says Markus Heino, CEO of
JM Suomi Oy.

The transaction will be reported in 2017 in the JM International business
segment.
For additional information, please contact:
Markus Heino, CEO JM Suomi Oy, +358 (0)40 500 1263
Martin Asp, Head of JM International, +46 (0)8 782 89 85
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
project development of commercial premises and contract work, primarily in the
Greater Stockholm area. JM shall promote long-term quality and environmental
management in all its operations. Our annual sales total approximately SEK 14
billion and the company has about 2,200 employees. JM AB is a public limited
company listed on the NASDAQ Stockholm, Large Cap segment.