JM selling property in Örebro, Sweden

STOCKHOLM, Sweden--()--Regulatory News:

JM has signed an agreement to sell the school property in Mosjö, Örebro.

The property was purchased by Hemfosa Fastigheter AB and the underlying property value amounts to SEK 62m. 

Occupancy and payment will take place in October 2016. Gains from the acquisition amount to SEK 37m and will be reported in Q3 2016 under the JM Residential Sweden business segment.

This information is information that JM AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14:30 CET on 2016-07-08.

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 and Finland. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM should promote long-term sustainability work in all of its operations. Annual sales total approximately SEK 14 billion and the company has about 2,300 employees. JM is a public limited company listed on NASDAQ Stockholm, in the Large Cap segment. More information is available at www.jm.se/en.

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Contacts

For additional information, please contact:
Per Johansson, Regional Manager, East Region,
+46 (0)18 660 339
or
Sepideh Imani, Head of Communication and Analysis,
+46 (0)8 782 14 29

Contacts

For additional information, please contact:
Per Johansson, Regional Manager, East Region,
+46 (0)18 660 339
or
Sepideh Imani, Head of Communication and Analysis,
+46 (0)8 782 14 29