JM selling Bergrumsgaraget in Liljeholmen, Stockholm
JM is selling Ekfatet 3, an existing property at Liljeholmskajen, which comprises 41,000 square meters.
Occupancy and payment will take place during Q2 2017, and the positive cash flow of SEK 153m will thus be reported in Q2 2017 in the JM Residential Stockholm business segment. The sale will be reported in project activities and will not affect the income statement for the quarter. Green Park AB is the buyer.
The Bergrumsgaraget parking garage began operations in January 2016 after Vin & Sprit’s former wine warehouse was converted into a modern garage with space for 1,000 vehicles. The sale is part of JM’s strategy to focus on new production of homes in project development.
“We are pleased that the property’s continued management will be handled by a professional parking garage manager,” says Jesper Åman, project manager for Bergrumsgaraget.
For additional information, please contact:
Jesper Åman, Project Manager Bergrumsgaraget, +46 (0)8 782 19 29
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 13:00 CET on 2017-05-03.
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 16 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.