JM’s subsidiary AB Borätt acquiring building rights for residential development in Sollentuna
AB Borätt has acquired building rights for the development of approximately 220 residential units located in Sollentuna just north of Stockholm. The acquisition amounts to approximately SEK 150m including a paid development contribution. Occupancy and first payment will take place in the first quarter of 2024. Final payment will take place in the second quarter of 2026.The acquisition will be reported within the JM Residential Stockholm business segment in the first quarter of 2024. The property has a detailed plan that has gained legal force and is judged to allow the development