JM acquiring property for residential development in Kera, Espoo, The Greater Helsinki area
JM is acquiring a property in Kera, Espoo in The Greater Helsinki area. Occupancy and payment will take place in Q4, 2021. The acquisition is worth approximately SEK 150 million. The property’s local planning will be prepared by JM, aiming to enable a development of approximately 500 residential units, various services and other functions like business premises.The transaction will be reported in Q4 2021 under the JM International business segment. Kera will be an example of new urban development, where residents, landowners, companies and other development partners are working close