JM acquires lakeside property in Bromma, Stockholm

JM has concluded an agreement with Profi Fastigheter for acquisition of the
property Racketen 10, in Alvik, Stockholm. The transaction is worth SEK 800
million with occupancy and payment expected to take place in the fourth quarter
of 2015.
The property comprises a number of office buildings of a total of approximately
26,000 m2 letting area. JM will work towards ensuring that a new detailed
development plan is prepared with the aim of developing 500-600 residences
within the property. Racketen 10 is located by the water and a large part of the
new residences will have a sea view across the Essinge islands and Kungsholmen.

The property is located within the programme area of Alvik, where the City of
Stockholm aims to develop the district with approximately 3,000 new residences.
The vision for Alvik is to unite the city centre's pulse with the greenery of
the suburb.

“I am thrilled that we have succeeded in acquiring yet another property in one
of Stockholm's most attractive locations close to the water, good transportation
and the city centre. We envisage very good opportunities to develop an area with
fantastic qualities for our customers,” says Mikael Åslund, Regional Manager at
JM Stockholm City Region.
For more information please contact:
Mikael Åslund, Regional Manager at JM Stockholm City Region, +46 (0)8 782 89 11
Lars-Olof Höglund, Head of JM Stockholm Acquisitions, +46 (0)8 782 89 83
Pär Vennerström, Business Unit Manager JM Residential Stockholm, +46 (0)8 782 89
12
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 emphasis 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 seeks to promote long-term quality and environmental
considerations in all its operations. Annual sales total approximately SEK 15
billion and the company has about 2,300 employees. JM is a public limited
company listed on NASDAQ Stockholm, in the Large Cap segment.