JM acquiring building rights in Solna, Stockholm
JM is acquiring building rights from Vasakronan for approximately 360 residential units in Järvastaden, Solna, which is located north of Stockholm. The transaction is worth SEK 364m, and occupancy and payment will take place in Q1 2021. JM has been active in Järvastaden since 2006 and will continue developing the area through the acquisition.
The acquired building rights are included in the detailed plan for Linnéan in Järvastaden, Solna Municipality. The detailed plan has gained legal force for the development of approximately 360 residential units. The building rights are being acquired through an agreement reached between JM and Vasakronan in 2006. The acquisition will be reported within the JM Residential Stockholm business segment in Q1 2021.
“Solna is a very attractive municipality, and we are very pleased we have the opportunity to strengthen our position with additional building rights in Järvastaden,” says Malin Lindskog, regional manager for JM Stockholm North.
Järvastaden is located in the northern part of Solna and Sundbyberg next to the nature reserve Igelbäcken and approximately 10 minutes by train to downtown Stockholm. Järvastaden has gradually been developed since 2006, and JM is now planning the Gulmåran/Svärdsliljan projects with the first stage of sales planned to start in the fall of 2021.
For additional information, please contact:
Malin Lindskog, Regional Manager JM Stockholm North, +46 (0)8 782 89 70
Katarina Rimmerfeldt, Head of Communications, +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.