JM Selling Property in Sollentuna, Stockholm

STOCKHOLM--()--Regulatory News:

JM (STO:JM)

JM has signed an agreement to sell the Marginalen 1 property in Sollentuna to Swedish Pelican Self Storage AB for SEK 15m.

The property is located in Silverdal next to the E4 highway and consists of a vacant lot with the possibility to build offices or other commercial operations.

Occupancy and payment will take place in March 2015. The gain amounts to SEK 13m and will be reported in Q1 2015 under the JM Property Development business segment.

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.

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Contacts

JM
Lars-Olof Höglund
Head of Property Development
+ 46 (0)8 782 89 83
or
Sepideh Imani
Head of Communication and Analysis
+ 46 (0)8 782 14 29

Contacts

JM
Lars-Olof Höglund
Head of Property Development
+ 46 (0)8 782 89 83
or
Sepideh Imani
Head of Communication and Analysis
+ 46 (0)8 782 14 29