JM selling investment properties in Bromma, Stockholm
JM has signed an agreement for the sale of investment properties located at Brommaplan in Bromma, Stockholm. The transaction amounts to SEK 283m.JM acquired the properties in 2010 and has had an ongoing dialogue with the City of Stockholm about the possibilities for developing residential units in the area. Since the assessment has been made that no such development will be granted at Brommaplan in the near future, JM has decided to sell the properties to an actor who, within its operations, has better opportunities to develop the properties under the current conditions. The transaction