JM acquiring property through joint venture for development of a total of 2,500 residential units in Lund
Through a 50-50 joint venture with OBOS Nya Hem AB, JM has aquired a property in Lund, which in a future detailed plan is assessed to allow for the development of commercial premises and approximately 2,500 residential units. The acquisition amounts in total to SEK 725 million, with occupancy and payment in the third quarter of 2022.The property being acquired is Lyckebacken 5 in Lund, which consists of office, business and warehouse premises covering approximately 72,000 m2 of rentable space. JM’s half-owned share of the transaction will be reported as an acquisition of development