Industristaden - Uppsala's answer to Docklands

Industristaden - Uppsala's answer to Docklands On 5 November the first spade-cut was made in Industristaden in Kungsängen, Uppsala's new gateway to the south. The initial phase comprises 50 apartments to be built by JM. The Industristaden project involves converting an industrial site into a residential area in the centre of Uppsala. Industristaden is influenced by similar projects such as the Eriksberg area in Gothenburg and the London Docklands. "About 500 people have put their names down and 20 of the first 50 apartments, which will be ready for occupancy in autumn 2004, have been sold. This substantial demands shows that the area's central location carries more weight than its industrial character which is fast becoming history," says Håkan Lundqvist, project manger, JM AB, East Region. The first phase comprises 50 residential units housed in a seven-floor building, ranging from 54 sq.m. one-room flats to 132 sq.m. five-room flats with parking spaces in the basement. In addition to residential units the area will include workplaces, shops and services. Great care is being devoted to the architecture in order to strengthen the marine image. For additional information please contact: Håkan Lundkvist, project manager East Region, JM AB, telephone +46 18 66 03 52, e-mail Stockholm, 5 November 2003 JM AB Corporate Communications This and earlier press releases are also available at JM AB is a public limited company listed on the Stockholm Stock Exchange. JM has around 2,700 employees in Sweden, Norway, Denmark and Belgium, and sales in 2002 amounted to approximately SEK 9 billion. The company is Sweden's leading housing developer, and the core business is project development of residential and commercial properties in central areas of growth markets. JM's operations are characterised by a focus on quality and the environment. ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download:

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JM is one of the leading developers of housing and residential areas in the Nordic region. Operations focus on new production of homes in attractive locations, with the main focus on expanding metropolitan areas and university towns in Sweden, Norway, Denmark, Finland and Belgium. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM seeks to promote long-term quality and environmental considerations in all its operations. Annual sales total approximately SEK 17 billion and the company has about 2,500 employees. JM is a public limited company listed on NASDAQ OMX Stockholm, in the Large Cap segment.