JM acquiring building rights for residential development in Västerås

JM has previously signed an agreement with Kungsleden AB for the acquisition of property for the development of approximately 400 residential units centrally located in Västerås. The acquisition amounts to approximately SEK 120 million, with occupancy and payment in Q2 2022.

The property Västerås Isolatorn 12 has a detailed plan that has gained final approval and allows the development of approximately 400 residential units and potentially a preschool. This acquisition gives JM access to an attractive development area in Emaus, Västerås. The transaction will be reported within the JM Residential Sweden business segment in Q2 2022.

“The property has an attractive location close to services and public transportation and is walking distance to the city center. As a long-term housing developer in Västerås, JM is pleased to continue the development of this interesting area,” says Per Johansson, regional manager of JM Residential Sweden, East Region.

For additional information, please contact:
Per Johansson, Regional Manager JM Residential Sweden, East Region, +46 (0)18 66 03 39
Katarina Rimmerfeldt, Head of Communications JM Group, +46 (0)73 432 61 20

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 emphasis on expanding metropolitan areas and university towns in Sweden, Norway and Finland. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM should promote long-term sustainability work in all of its operations. Annual sales total approximately SEK 15 billion and the company has about 2,500 employees. JM is a public limited company listed on NASDAQ Stockholm, in the Large Cap segment. More information is available at www.jm.se/en.