JM acquiring property for residential development in Hertonäs, Helsinki
JM is acquiring a well-situated industrial property in Hertonäs, Helsinki. Occupancy and payment will take place in Q3 2019. The acquisition is worth approximately SEK 360m. The property’s local planning has gained final approval, and the acquisition enables development of 1,000 residential units.The transaction will be reported in Q3 2019 under the JM International business segment. The acquisition gives JM an overall development area comprising 1,000 residential units in Hertonäs. “The property has a nice location in Hertonäs, and is within walking distance of service, trains and buses.