JM acquiring property for residential development in Pasila, Helsinki
JM is acquiring a property in Pasila, near city center of Helsinki. Occupancy and payment will take place in Q2, 2021. The acquisition is worth approximately SEK 160 million. The property’s detailed plan, which is expected to gain legal force in 2021, enables the development of approximately 300 residential units.The transaction will be reported in Q2 2021 under the JM International business segment. The acquired property is located in Pasila, a logistics hub near the city center of Helsinki with excellent connections to the rest of the country, including rail access to Helsinki