JM selling and starting production on rental properties in Västerås for SEK 160M
JM has signed an agreement with Lansa Fastigheter AB to sell two rental properties that will be built in Gideonsberg, Västerås. The deal is worth SEK 160m.The properties that will be sold are Svärdsliljan 6 and 7, Västerås, which consist of two tower blocks of 9 and 10 stories, respectively. The project includes 69 space-efficient, Swan EcoLabel apartments. The project will start in Q2 2020, and and the legal title will be transferred upon the planned completion date in Q4 2021. Revenue and profit is recognized gradually within the business segment JM Residential Sweden as the project is