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JM obtains legal title for office building rights in Karlberg, Solna

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The detailed planning for JM’s office project K1 Karlbergs Strand has gained legal force, and JM will obtain legal title and pay for the property during the fourth quarter of 2020. The purchase amount is approximately SEK 190 million, and construction is expected to begin in early 2021.

K1 Karlbergs Strand is an office property consisting of just over 20,000 m2 of bright GFA, a two-story garage and an active roof landscape. The building will be environmentally certified in accordance with LEED Platinum and accommodate both JM’s new head office and areas for external tenants. Considerable effort has been placed on creating flexible premises that can meet the needs of the future for modern office space with a clear focus on health and wellness.

A public square will be placed facing Karlberg Canal, which will enhance the connection to the surrounding districts and parks and comprise part of the new gateway into Solna. A restaurant, café and retail premises are planned adjacent to the square.

The cooperation with the City of Solna and Wingårdhs has helped make it possible to develop sustainable, modern office premises with a view of the water in two directions and both recreational areas and the pulse of the city around the corner while only a stone’s throw away from the subway.

- Karlberg is both a delicate and exposed location, says Gert Wingårdh. It has been an exciting assignment to create a building that handles the cultural qualities of the area as well as the pressure from the nearby motorway. I hope, and believe, that the building will make it possible for both JM and Solna to continue to grow.

For additional information, please contact:
Simon Backe, Head of JM Property Development, +46 (0)8 782 11 58
Katarina Jordell Rimmerfeldt, Communications Manager, +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 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.