JM acquiring properties for residential development in Järfälla, Stockholm
JM is acquiring three properties in Veddesta, Järfälla, with occupancy and payment planned for Q2 2022. The acquisition is worth SEK 165m.
The acquired properties, Veddesta 1:21, Veddesta 2:29 and Veddesta 2:55, cover 6,652 m2 of leasable area consisting of office and business premises. The properties are estimated to have the possibility of developing approximately 450 rental units with expected production start in 2028. The transaction will be recorded in Q2 2022 as acquisition of project property within the JM Property Development business segment.
“The properties, which are well suited for housing development, are part of a larger development area in Veddesta that is an exciting area for future homes in a growing municipality,” says Business Unit Manager for JM Property Development Mikael Åslund.
For additional information, please contact:
Mikael Åslund, Business Unit Manager for JM Property Development, +46 (0)8-782 87 00
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.