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JM: JM in swap transaction with Vasakronan in Uppsala, Sweden

JM is buying and selling properties in Uppsala with a March 10
occupancy and vacating date.

JM is purchasing the Kvarngärdet 1:34 property and selling the
Kungsängen 14:1 property, both of which are located in Uppsala.

The acquisition is being made as a real estate transaction, and the
purchase price is SEK 60 million. Vasakronan is the seller. The
acquired property's detailed plan has gained final approval, and 180
residential units with 1-5 rooms can be built in Kapellgärdet. The
property is located next to the Tornet area, which previously
belonged to JM.

The sale is being made as a real estate transaction, and the purchase
price is SEK 6.4 million. Vasakronan is the buyer. Payment and
occupancy for the two properties was on March 10, 2016.

"The Kvarngärdet property is located in attractive Kapellgärdet, close
to the central areas of Uppsala where JM has been active for a long
time. We now have an opportunity to develop an attractive
neighborhood in the area," says Per Johansson, regional manager, East

The sales start for the first phase will be in May when 37 apartments
with a fantastic view from sunny balconies will be released. The area
is surrounded by verdant passages, and the beautifully designed
garden will be natural gathering place.

For additional information, please contact:
Per Johansson, Regional Manager, East Region, +46 (0)18 660 339

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 and Finland. 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 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.


Författare WKR

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