JM developing 400 residential units in Huddinge
JM is acquiring the Fabriken 15 property in Huddinge with the intention of developing approximately 400 building rights for residential units in the future. The deal is worth SEK 128 million. Occupancy and payment are expected to be completed by February 2013.
The land is located in Storängen in central Huddinge, and comprises approximately 21,000 m2. JM intends to initiate the process for having the property rezoned, which is in line with the municipality’s aim of gradually transforming Storängen from an industrial area into a mixed-use city where housing constitutes the main part. Local planning start-up in 2013 means construction can potentially begin in 2015.
“It is very gratifying to make an acquisition that will enable housing production in Huddinge during several years,” says Pär Vennerström, regional manager for Stockholm South Region.
For additional information, please contact:
Pär Vennerström, Regional manager, Stockholm South Region +46 8-782 89 12
Monica Andersson, Press Office: +46 8-782 85 53
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 shall promote long-term quality and environmental management in all its operations. Our annual sales total approximately SEK 13 billion and the company has about 2,300 employees. JM AB is a public limited company listed on the NASDAQ OMX Stockholm, Mid Cap segment.