JM acquiring buildings rights for residential development in Gothenburg
JM has acquired building rights for the development of approximately 130 residential units located in the Eriksberg district in Gothenburg. The acquisition amounts to approximately SEK 160 million, with occupancy and payment in Q4 2022.The acquisition will be reported within the JM Residential Sweden business segment in Q4 2022. The property has a detailed plan that has gained final approval and is judged to allow the development of approximately 130 residential units as well as commercial premises on the bottom floor. Due to the development work in connection with the property,