JM sells properties worth SEK 422 million

In a deal with local tenant-owner co-operatives JM sells two residential properties, Vasen 18 in Vaxholm and Älta 14:102 in Nacka. JM also sells the commercial properties Västerbotten 19 in Lidingö and Kvarngärdet 33:2 in Uppsala. At the same time JM buys the residential property Bävern 1 in Lidingö worth SEK 37 million. The selling price totalled SEK 422 million, providing a capital gain of SEK 76 million. This result will be reported in the fourth quarter of 2005.

About Us

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 the main focus on expanding metropolitan areas and university towns in Sweden, Norway, Denmark, Finland and Belgium. 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 17 billion and the company has about 2,500 employees. JM is a public limited company listed on NASDAQ OMX Stockholm, in the Large Cap segment.

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