JM acquires Ceremonien, a property in Nockebyhov, Stockholm

JM subsidiary company Seniorgården is acquiring part of the property Ceremonien 5, Nockebyhov, Stockholm, from Micasa Properties. The deal is worth 88 MSEK.

Possession and payment will take place once planning permission has been granted for the zoning plan, however, not before the end of June 2014 at the earliest. Seniorgården is planning to build around 100 dwellings in the area, development that will start by first quarter 2015 at the latest.

“It is a privilege to have the chance to develop and build tenant owned residences in such a fantastic location as Nockebyhov by Mälaren,” said Birgitta Seeman CEO Seniorgården AB.

For more information, please contact:
Birgitta Seeman, CEO Seniorgården, tel +46 8 626 66 32

JM is one of the Nordic region’s leading developers of housing and residential areas. 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 consideration in all its operations. We have an annual turnover of around SEK 13 billion and some 2,200 employees. JM AB is listed on NASDAQ OMX Stockholm, Mid Cap segment