JM acquiring buildings rights for residential development in Espoo
JM has acquired building rights for the development of approximately 200 residential units located in the Tapiola district in Espoo in Greater Helsinki area. The acquisition takes place together with another buyer, with JM's share of the acquisition amounting to approximately SEK 140m.The acquisition will be reported within the JM Finland business segment in Q4 2023. Occupancy and payment are expected to take place in Q4, 2024. The property has a detailed plan that has gained legal force and is judged to allow the development of approximately 200 residential units. The production is