JM acquires property in Linköping, Sweden

JM has acquired the property Konsuln 3 and Konsuln 5 in central Linköping by
Lejonfastigheter. The transaction is worth approximately SEK 77 million
including deferred tax. The acquisition's payment will be made in connection
with occupancy during the third quarter.
The property is planned in detail for residences and is located by Stångån in
central Linköping and previously comprised Linköping's old fire station. JM is
planning to develop an entirely new residential quarter consisting of
approximately 200 residential units. Sale of the residences is expected to start
in the spring of 2016.

“We are pleased that the deal has now been completed. As Linköping expands the
need of centrally located premises is increasing. The sale to JM contributes to
the town's development and concentration. Lejonfastigheter is proud to
contribute to this,” says Ann de Jonge, CEO of Lejonfastigheter.

“It is exciting and invigorating that we have successfully acquired property
where we have the opportunity to develop a completely new residential quarter in
the middle of central Linköping. The proximity to Stångån and the central
location is unique. The acquisition is important based on our long-term
investment in Linköping and we hope to be able to contribute to developing the
appeal of the town center. We are now working intensively on designing the new
residences,” says Per Johansson, Regional Manager, East Region JM.
For additional information, please contact:
Per Johansson, Regional Manager, East Region JM, +46 (0)18 660 339
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.