JM acquiring property in Lindholmen, Gothenburg
JM is acquiring the Lindholmen 1:29 property in Lindholmen, Gothenburg. The deal is worth SEK 27.5m, and an additional sum will be paid when the local plan has obtained final approval. Occupancy and payment will take place during Q1 2015.The property is being acquired from AGA AB; development of the property is estimated to result in 300-500 housing units. JM plans to help develop Lindholmen into a socially and ecologically sustainable neighborhood with a mixture of businesses and housing as a means to attract a diverse group of the city's inhabitants. "It is gratifying that the deal