JM acquiring property in Asker, outside Oslo, Norway
JM has signed an agreement with the Norwegian pension company KLP for the acquisition of the Bergerveien 12 property in Asker. The deal is worth approximately SEK 340 million. Occupancy of the property will take place during Q1 2018 and payment during Q2.The acquired property is located in Asker, south west of Oslo. The property’s detailed plan has gained final approval for 570 apartments. The acquisition will be reported in the balance sheet in the JM Residential Stockholm business segment during Q1 2018. The property is part of a larger development area, Vestre Billingstad, in which,