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2016-12-05

JM: JM acquiring property in central area of Uppsala

JM is acquiring the Kungsängen 44:1 property at Kungsgatan 66 in
central Uppsala, where the Slotts' mustard factory was previously
located. The transaction is worth SEK 117 m, with occupancy and
payment planned for Q4 2016.

The property is being sold by Magnolia Bostad AB (Moutarde Holding
AB). The acquired property's detailed plan has gained final approval,
and sales for the first phase - 51 apartments of around 320 - will
begin in Q4 2016. Production start-up is planned for Q2 2017, and
initial occupancy is planned from Q4 2018. The transaction will be
reported within the JM Residential Sweden business segment.

"With its location next to the south entrance of Resecentrum, the area
is optimal for commuters. The apartments will offer views of both
Uppsala's classic silhouette with the palace and cathedral in the
background and of the new Juvelen building landmark. The Kungsgatan
66 project will have an elegant and vibrant personality, with the
ambition to serve as a symbol of urban life. Here we are building
modern urban homes for the modern urban person," says Per Johansson,
Regional Manager, East Region JM.

For additional information, please contact:
Per Johansson, Regional Manager, East Region +46 (0)18 66 03 39
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 2016-12-05.

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-property-in-central-area-of-upp...
http://mb.cision.com/Main/1261/2135931/598756.pdf

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