JM acquires property in Linköping, Sweden
JM has acquired the property Konsuln 3 and Konsuln 5 in central Linköping by Lejonfastigheter. The transaction is worth approximately SEK 77 million including deferred tax. The acquisition's payment will be made in connection with occupancy during the third quarter.The property is planned in detail for residences and is located by Stångån in central Linköping and previously comprised Linköping's old fire station. JM is planning to develop an entirely new residential quarter consisting of approximately 200 residential units. Sale of the residences is expected to start in the spring of 2016.