JM acquiring property in Sköndal, Stockholm
JM has signed an agreement with the Stora Sköndal foundation to acquire land for 157 building rights. The deal is worth SEK 225m. Occupancy and payment will take place in Q4 2017.The acquired properties, Stockholm Sköndal 1:20 and 1:22, are located in Sköndal close to Drevviken lake in southern Stockholm. The property’s detailed plan has gained final approval for 157 apartments. The acquisition will be reported within the JM Residential Stockholm business segment in Q4 2017. “We are very happy to be taking possession of the properties from the Stora Sköndal foundation. The area is