JM selling property in Örestad, Copenhagen


JM has signed an agreement to sell the 964a Sundby Overdrev property in
Copenhagen. Fastighets AB Balder is the buyer, and the transaction is worth SEK
53m.
The property is located in Örestad and consists of a vacant lot with the
possibility to develop rental housing.

Occupancy and payment will take place in March 2015. The gain amounts to SEK 10m
and will be reported in Q1 2015 under the JM International business segment.
För ytterligare information kontakta:
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.

Attachments

03265134.pdf