JM acquiring property in Fålhagen, Uppsala

JM has signed an agreement to acquire land for approximately 200 building rights. The property value in the deal is SEK 85m. Payment will be made in Q3 2019.

The acquired property, Uppsala Fålhagen 10:4, is located in the Fålhagen neighborhood. A Willys grocery store currently occupies the property. At present, the property generates net rental income of approximately SEK 4 million a year. The acquisition will be reported within the JM Residential Sweden business segment in Q1 2019. Approximately 200 residential units, premises and a grocery store are being planned in the residential project.

“Fålhagen is a very popular residential area in Uppsala, and the acquisition is perfectly in line with both the current General Plan and JM’s plans for residential development in Uppsala. The neighborhood is located between two city streets, Hjalmar Brantingsgatan and Vaksalagatan, with good public transit options into the downtown area,” says Per Johansson Regional Manager, East Region.

For additional information, please contact:
Per Johansson, Regional Manager, East Region, +46 (0)18 660 339
Sepideh Imani, Head of Communication and Analysis, +46 (0)8 782 14 29

This information is information that JM AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 09:00 CET on 2019-03-15.

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 16 billion and the company has about 2,600 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.

About Us

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.