JM acquires building rights for residential development in Solna, Stockholm, and signs agreement for new head office
JM has acquired building rights from Fabege for the development of approximately 450 residential units located in Huvudsta, Solna. The property value in the acquisition amounts to SEK 484m, including a paid development contribution. Occupancy and payment will take place during the second quarter of 2023.The acquired building rights are included in the detailed plan for Huvudsta 3:1 in Solna Municipality just north of Stockholm. The detailed plan has gained legal force and allows for the development of approximately 450 residential units. The acquisition will be reported within the JM