JM acquiring property in Älvsjö, Stockholm
Together with Familjebostäder, JM is acquiring Sandaletten 1, a commercial property located in Älvsjö, Stockholm Municipality. The cost of the transaction for JM is SEK 106m. Occupancy and payment are expected to be completed by January 2013.Local planning has been underway for a year and is planned to be completed during the course of 2014. The property has previously housed activities for Ericsson, amongst others. JM is purchasing two-thirds of the property, and is planning to build approximately 300 tenant-owned apartments. Familjebostäder is purchasing one-third, and is planning to