JM selling rental property in Uppsala
JM has signed an agreement with Hemvist for the sale of a rental property located in Bäcklösa, Uppsala. The transaction amounts to SEK 348m.The property being sold is the project Lindblomman (Uppsala Ultuna 2:29), which consists of 134 residential units located in the new attractive residential area Bäcklösa in Uppsala. The transaction will take the form of a corporate sale. Production is estimated to start in the third quarter of 2024 and revenue and profit from the transaction will be recognized gradually over the course of the project within the JM Residential Sweden business