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2016-12-07

JM: JM acquiring 120 building rights at Mörby Centrum, Stockholm

The property's detailed plan has gained final approval for 120 new
residential units at Mörby Centrum in Danderyd Municipality, which is
located just north of Stockholm. The purchase price is SEK 220 m,
with occupancy and payment planned for December 2016. The transaction
will be reported in Q4 2016 in the JM Residential Stockholm business
segment.

Development of Mörby Centrum is in full swing. The current shopping
center is undergoing major renovation and addition work, and will
almost double in size by 2020 with 130 stores. Two new office
buildings totaling 20,000 square meters will also flank the shopping
center building, and three apartment buildings will be built in the
area.

"Being part of the development at Mörby Centrum with our new and
attractive apartments is gratifying. This is the first project we
have undertaken in a long time in Danderyd Municipality. The
apartments will have an excellent location and offer a 15-minute
subway journey to T-Centralen," says Annika Berg, regional manager
for JM Stockholm North Region.

Production start-up is planned for Q4 2017, and occupancy will
commence in 2019.

For additional information, please contact:
Annika Berg, Regional Manager at JM, Stockholm North Region, +46 (0)8
782 15 22

Sepideh Imani, Head of Communication and Analysis, +46 (0)8 782 14 29
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 08:00 CET on 2016-12-07.

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 15 billion and the company has about 2,400
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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http://news.cision.com/jm/r/jm-acquiring-120-building-rights-at-morby-ce...
http://mb.cision.com/Main/1261/2138767/600431.pdf

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