JM acquiring property in Drammen, Norway
JM is acquiring a centrally located property in Gulskogen, Drammen, outside of Oslo. The property’s local planning has gained final approval for 230 apartments.The deal is worth SEK 180m and will be reported in Q1 2019 under the JM International business segment. Payment will be made in Q3 2019. The acquired property is centrally located in Gulskogen, Drammen, close to both Gulskogen shopping center, schools and the bus and train station. Sales are planned to begin in the spring of 2020. “The property is nicely situated in Gulskogen and is within walking distance of the shopping center