JM is building rental units in Hökarängen
JM signed an agreement with the City of Stockholm for land to be allocated for about 130 rental apartments in Hökarängen near Farsta in Stockholm. The land will be sold with site-leasehold rights.
Land will be allocated for seven tower blocks with five floors each and a total of 130 flats. The buildings will be built in compliance with JM's standard for climate smart low-energy houses. The area is located between the neighborhoods of Farsta and Hökarängen.
“We are extremely pleased that we will now be able to work with the City of Stockholm to develop new rental apartments. We hope that this project, as a complement to our core business, will be the beginning of an ongoing production initiative for rental apartments,” says Zdravko Markovski, business unit manager at JM.
Work on zoning of the site will begin immediately and construction is planned for 2012 after approval of the local plan.
JM has launched an initiative to build rental units, which will add business opportunities to the company’s core business, project development of tenant-owned apartments. JM already has plans to build rental units within the Dalénum area and in Stureby, both in the Stockholm-area.
For more information, please contact:
Zdravko Markovski, business unit manager: +46 (0)8-782 88 13
Tomas Eriksson, press officer: +46 (0)8-782 86 61
JM is one of the Nordic region’s leading developers of housing and residential areas. 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 9 billion and the company has about 2,100 employees. JM AB is a public limited company listed on NASDAQ OMX Stockholm, Mid Cap segment.